<SEC-DOCUMENT>0001193125-15-182101.txt : 20150511
<SEC-HEADER>0001193125-15-182101.hdr.sgml : 20150511
<ACCEPTANCE-DATETIME>20150511164519
ACCESSION NUMBER:		0001193125-15-182101
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20150331
FILED AS OF DATE:		20150511
DATE AS OF CHANGE:		20150511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MBIA INC
		CENTRAL INDEX KEY:			0000814585
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				061185706
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09583
		FILM NUMBER:		15851413

	BUSINESS ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		914-273-4545

	MAIL ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>d918696d10q.htm
<DESCRIPTION>10-Q
<TEXT>
<HTML><HEAD>
<TITLE>10-Q</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5"><B>United States </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="5"><B>Form 10-Q
</B></FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="3"><B></B><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><B></B></FONT>
<B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></FONT></TD></TR></TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>For the quarterly period ended March&nbsp;31, 2015 </B></FONT></P>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>or </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="3"><B></B><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="3"><B></B></FONT>
<B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>For the transition period from &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Commission File Number 1-9583 </B></FONT></P>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="6"><B>MBIA INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Exact name of
registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="50%"></TD>
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<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Connecticut</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>06-1185706</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(State&nbsp;of&nbsp;incorporation)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(I.R.S.&nbsp;Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Identification&nbsp;No.)</B></FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1 Manhattanville Road, Suite 301,&nbsp;Purchase,&nbsp;New&nbsp;York</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>10577</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Address&nbsp;of&nbsp;principal&nbsp;executive&nbsp;offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(914)&nbsp;273-4545 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Not applicable </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Former name, former address and former fiscal year, if changed since last report) </B></FONT></P>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past 90 days.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT
STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> &nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web
site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to
submit and post such files).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Large accelerated
filer&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Accelerated
filer&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="white-space:nowrap">Non-accelerated</FONT> filer&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Smaller&nbsp;reporting&nbsp;company&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Indicate by check mark whether the Registrant is shell company (as defined in Rule 12b-2 of the
Act).&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT
STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#254;</FONT></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of May&nbsp;5, 2015, 181,668,923 shares of Common Stock, par value $1 per share, were outstanding. </FONT></P>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B><A NAME="toc"></A>PAGE</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_1"><B><U>PART I FINANCIAL INFORMATION </U></B></A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;1.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_2">Financial Statements MBIA Inc. and Subsidiaries (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_3">Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014 (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_4">Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014 (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_5">Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2015 and 2014 (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_6">Consolidated Statement of Changes in Shareholders&#146; Equity for the three months ended March 31, 2015 (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_7">Consolidated Statements of Cash Flows for the three months ended March 31, 2015 and 2014 (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_8">Notes to Consolidated Financial Statements (Unaudited)</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_9">Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;3.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_10">Quantitative and Qualitative Disclosures About Market Risk</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;4.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_11">Controls and Procedures</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_12"><B><U>PART II OTHER INFORMATION</U></B> </A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;1.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_13">Legal Proceedings</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_14">Unregistered Sales of Equity Securities and Use of Proceeds</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;5.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_15">Other Information</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;6.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#tx918696_16">Exhibits</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A HREF="#tx918696_17">SIGNATURES </A></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>FORWARD-LOOKING AND CAUTIONARY STATEMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">This quarterly report of MBIA Inc. (&#147;MBIA&#148;, the &#147;Company&#148;, &#147;we&#148;, &#147;us&#148; or &#147;our&#148;) includes statements that are not historical or current facts and are
&#147;forward-looking statements&#148; made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words &#147;believe&#148;, &#147;anticipate&#148;, &#147;project&#148;, &#147;plan&#148;,
&#147;expect&#148;, &#147;estimate&#148;, &#147;intend&#148;, &#147;will likely result&#148;, &#147;looking forward&#148;, or &#147;will continue&#148; and similar expressions identify forward-looking statements. These statements are subject to
certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. MBIA cautions readers not to place undue reliance on any such forward-looking statements,
which speak only to their respective dates. We undertake no obligation to publicly correct or update any forward-looking statement if the Company later becomes aware that such result is not likely to be achieved. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following are some of the factors that could affect financial performance or could cause actual results to differ materially from estimates contained in or
underlying the Company&#146;s forward-looking statements: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">increased credit losses or impairments on public finance obligations we insure issued by state, local and territorial governments and finance authorities that
are experiencing fiscal stress; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">the possibility that MBIA Corp. will have inadequate liquidity to pay expected claims as a result of increased losses on certain structured finance transactions,
in particular residential mortgage-backed securities transactions that include a substantial number of ineligible mortgage loans, or a delay or failure in collecting expected recoveries; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">the possibility that loss reserve estimates are not adequate to cover potential claims; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">a disruption in the cash flow from our subsidiaries or an inability to access capital and our exposure to significant fluctuations in liquidity and asset values
within the global credit markets as a result of collateral posting requirements; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">our ability to fully implement our strategic plan, including our ability to maintain high stable ratings for National Public Finance Guarantee Corporation and
generate investor demand for our financial guarantees; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">deterioration in the economic environment and financial markets in the United States or abroad, and adverse developments in European sovereign credit
performance, real estate market performance, credit spreads, interest rates and foreign currency levels; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">the effects of governmental regulation, including insurance laws, securities laws, tax laws, legal precedents and accounting rules; and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">uncertainties that have not been identified at this time. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The above factors provide a summary of and are qualified in their entirety by the risk factors discussed under &#147;Risk Factors&#148; in Part I, Item&nbsp;1A of MBIA Inc.&#146;s Annual Report on Form 10-K for the
year ended December&nbsp;31, 2014. In addition, refer to &#147;Note 1: Business Developments and Risks and Uncertainties&#148; in the Notes to Consolidated Financial Statements for a discussion of certain risks and uncertainties related to our
financial statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">This quarterly report of MBIA Inc. also includes statements of the opinion and belief of MBIA management which may be
forward-looking statements subject to the preceding cautionary disclosure. Unless otherwise indicated herein, the basis for each statement of opinion or belief of MBIA management in this report is the relevant industry or subject matter experience
and views of certain members of MBIA&#146;s management. Accordingly, MBIA cautions readers not to place undue reliance on any such statements, because like all statements of opinion or belief they are not statements of fact and may prove to be
incorrect. We undertake no obligation to publicly correct or update any statement of opinion or belief if the Company later becomes aware that such statement of opinion or belief was not or is not then accurate. In addition, readers are cautioned
that each statement of opinion or belief may be further qualified by disclosures set forth elsewhere in this report or in other disclosures by MBIA. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_1"></A>PART 1 FINANCIAL INFORMATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_2"></A>Item&nbsp;1. Financial Statements </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>MBIA INC. AND SUBSIDIARIES </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_3"></A>CONSOLIDATED BALANCE SHEETS (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(In millions except share and per share amounts) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,155 and $5,036)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,279&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,129&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments carried at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">217&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">207&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments pledged as collateral, at fair value (amortized cost $217 and $441)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">183&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">408&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Short-term investments held as available-for-sale, at fair value (amortized cost $1,114 and $1,069)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,117&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,069&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments (includes investments at fair value of $13 and $13)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,813&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,830&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">596&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">729&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">848&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">875&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">204&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">217&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">527&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">533&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets held for sale</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">802&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Deferred income taxes, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">969&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,028&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">232&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">229&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments held-to-maturity, at amortized cost (fair value $2,635 and $2,632)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity securities at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,061&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">421&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,480&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">385&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">379&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>15,915&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>16,284&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Liabilities and Equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium revenue</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,874&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,986&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and loss adjustment expense reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">499&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">506&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">538&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">547&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes (includes financial instruments carried at fair value of $180 and $197)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,201&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,828&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,810&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">391&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">437&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities held for sale</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">772&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">266&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">271&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes (includes financial instruments carried at fair value of $2,653 and $2,047)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,395&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,804&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11,975&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12,334&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commitments and contingencies (See Note 13)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Equity:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Preferred stock, par value $1 per share; authorized shares&#151;10,000,000; issued and outstanding&#151;none</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Common stock, par value $1 per share; authorized shares&#151;400,000,000; issued shares&#151;281,670,699 and 281,352,782</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">282&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">281&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Additional paid-in capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,124&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,128&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Retained earnings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,927&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,858&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Accumulated other comprehensive income (loss), net of tax of $4 and $7</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Treasury stock, at cost&#151;98,097,072 and 89,409,887 shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2,436)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2,359)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total shareholders&#146; equity of MBIA Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,919&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,929&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Preferred stock of subsidiary and noncontrolling interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,940&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,950&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total liabilities and equity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>15,915&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>16,284&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">The accompanying notes are an integral part of the consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA INC. AND SUBSIDIARIES </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_4"></A>CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(In millions except share and per share amounts) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Revenues:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums earned:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Scheduled premiums earned</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Refunding premiums earned</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">46&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums earned (net of ceded premiums of $4 and $2)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">101&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">88&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fees and reimbursements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Change in fair value of insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(369)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">838&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">469&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(55)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on extinguishment of debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on extinguishment of debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">219&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">577&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Expenses:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">46&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expenses of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">106&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">173&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">404&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Net income (loss)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>69&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>256&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Net income (loss) per common share:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Weighted average number of common shares outstanding:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">181,735,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">189,033,982&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">182,736,415&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">190,263,748&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">The accompanying notes are an integral part of the consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA INC. AND SUBSIDIARIES </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_5"></A>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(In millions) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other comprehensive income (loss):</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on available-for-sale securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) arising during the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">38&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reclassification adjustments for (gains) losses included in net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Available-for-sale securities with other-than-temporary impairments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other-than-temporary impairments and unrealized gains (losses) arising during the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign currency translation:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign currency translation gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(31)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reclassification adjustments for (gains) losses included in net income&nbsp;(loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total other comprehensive income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">73&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Comprehensive income (loss)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>70&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>329&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">The accompanying notes are an integral part of the consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA INC. AND SUBSIDIARIES </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_6"></A>CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS&#146; EQUITY (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>For The Three Months Ended March&nbsp;31, 2015 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2">(In millions except share amounts) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


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<TD ROWSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="6" ROWSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Additional</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Paid-in</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Capital</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="4"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Retained</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Earnings</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="4"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Accumulated</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Other</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Comprehensive</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Income&nbsp;(Loss)</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="4"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Treasury Stock</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shareholders&#146;</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Equity</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>of&nbsp;MBIA&nbsp;Inc.</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="4"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Preferred&nbsp;Stock</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>of&nbsp;Subsidiary&nbsp;
and</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Noncontrolling&nbsp;Interest</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="4"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Common Stock</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Balance, December&nbsp;31, 2014</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>281,352,782&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>281&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,128&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2,858&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>21&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(89,409,887)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(2,359)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,929&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1,315&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>21&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,950&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other comprehensive income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Share-based compensation, net of tax of $9</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">317,917&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(114,065)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Treasury shares acquired under share repurchase program</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8,573,120)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Balance, March&nbsp;31, 2015</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>281,670,699&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>282&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,124&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2,927&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>22&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(98,097,072)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(2,436)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,919&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1,315&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>21&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>$</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3,940&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">The accompanying notes are an integral part of the consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA INC. AND SUBSIDIARIES </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_7"></A>CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(In millions) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash flows from operating activities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums, fees and reimbursements received</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment income received</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">90&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">110&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured derivative commutations and losses paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(343)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial guarantee losses and loss adjustment expenses paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(86)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Proceeds from recoveries and reinsurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating and employee related expenses paid</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(55)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(111)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest paid, net of interest converted to principal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(54)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(48)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income taxes (paid) received</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided (used) by operating activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(424)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash flows from investing activities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Purchases of available-for-sale investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(478)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(325)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Sales of available-for-sale investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">192&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Paydowns and maturities of available-for-sale investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">135&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Purchases of investments at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(166)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(386)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Sales, paydowns and maturities of investments at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">170&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">452&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Sales, paydowns and maturities (purchases) of short-term investments, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">232&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">219&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Sales, paydowns and maturities of held-to-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Paydowns and maturities of loans receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Consolidation of variable interest entities including cash acquired</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Deconsolidation of variable interest entities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">(Payments) proceeds for derivative settlements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">70&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateral (to) from swap counterparty</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(110)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">46&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Capital expenditures</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other investing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided (used) by investing activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">120&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">210&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash flows from financing activities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Proceeds from investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal paydowns of investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal paydowns of medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(28)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(28)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal paydowns of variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(132)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(270)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal paydowns of long-term debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Purchases of treasury stock</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(75)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided (used) by financing activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(256)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(312)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Effect of exchange rate changes on cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net increase (decrease) in cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(155)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(525)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents&#151;beginning of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">782&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,258&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents&#151;end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">627&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">733&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reconciliation of net income (loss) to net cash provided (used) by operating activities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Change in:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium revenue</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(83)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(107)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and loss adjustment expense reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(39)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Accrued interest payable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Accrued expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(63)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized (gains) losses and other settlements on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized (gains) losses on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(838)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net (gains) losses on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized (gains) losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Deferred income tax provision (benefit)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest on variable interest entities, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total adjustments to net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(78)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(680)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided (used) by operating activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(424)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">The accompanying notes are an integral part of the consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_8"></A>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P>
 <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 1: Business Developments and Risks and Uncertainties </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Summary </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Inc., together with
its consolidated subsidiaries, (collectively, &#147;MBIA&#148; or the &#147;Company&#148;) operates one of the largest financial guarantee insurance businesses in the industry and was a provider of asset management and advisory services. MBIA
manages three operating segments: 1) United States (&#147;U.S.&#148;) public finance insurance; 2) international and&nbsp;structured finance insurance; and 3) corporate. The Company&#146;s U.S. public finance insurance business is primarily operated
through National Public Finance Guarantee Corporation and its subsidiaries (&#147;National&#148;) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries
(&#147;MBIA Corp.&#148;). Unless otherwise indicated or the context otherwise requires, references to &#147;MBIA Corp.&#148; are to MBIA Insurance Corporation, together with its subsidiaries, MBIA UK Insurance Limited (&#147;MBIA UK&#148;) and MBIA
Mexico S.A. de C.V. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Prior to 2015, MBIA managed two other operating segments, advisory services and conduit. The advisory services segment was
primarily operated through Cutwater Holdings, LLC and its subsidiaries (&#147;Cutwater&#148;). Effective on January&nbsp;1, 2015, the Company exited its advisory services business through the sale of Cutwater. During the second quarter of 2014, the
Company dissolved its conduit segment through the liquidation of Meridian Funding Company, LLC. Refer to &#147;Note 10: Business Segments&#148; for further information about the Company&#146;s operating segments. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Business Developments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>National Ratings and New
Business Opportunities </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National&#146;s ability to write new business and compete with other financial guarantors is largely dependent on the
financial strength ratings assigned to National by major rating agencies. As of March&nbsp;31, 2015, National was rated AA+ with a stable outlook by Kroll Bond Rating Agency, AA- with a stable outlook by Standard&nbsp;&amp; Poor&#146;s Financial
Services LLC (&#147;S&amp;P&#148;), and A3 with a negative outlook by Moody&#146;s Investors Service, Inc. (&#147;Moody&#146;s&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National seeks
to generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape may limit National&#146;s new business opportunities and its abilities to price and underwrite risk with
attractive returns.&nbsp;Refer to &#147;Risks and Uncertainties&#148; below for a discussion of business risks related to National&#146;s insured portfolio. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>MBIA Corp. Risk Reductions </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp.&#146;s primary focus is the collection of excess spread and put-back
recoveries and the mitigation of MBIA Corp.&#146;s insurance exposures, primarily through commutations of insurance policies. MBIA Corp. may make negotiated settlement payments to counterparties and/or forego its right to all or some termination
premiums when it commutes insurance exposures. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Held For Sale Classifications </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I><U>Armonk, New York Facility </U></I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In May of 2015, the Company sold its Armonk, New York facility. For the
three months ended March&nbsp;31, 2015, the Company recorded an impairment charge of $4 million to adjust the carrying amount to the sales price less costs to sell. The impairment charge was reflected in the results of the Company&#146;s U.S. public
finance insurance segment and included in &#147;Other net realized gains (losses)&#148; on the Company&#146;s consolidated statements of operations. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Sale of Cutwater Business </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As a result of the agreement to
sell Cutwater, the assets and liabilities of Cutwater were classified as held for sale as of December&nbsp;31, 2014 and presented within &#147;Assets held for sale&#148; and &#147;Liabilities held for sale&#148; on the Company&#146;s consolidated
balance sheet and measured at the lower of its carrying value or fair value less cost to sell. The Company completed this sale effective January&nbsp;1, 2015, and recorded a gain of approximately $24 million. This gain was reflected in the results
of the Company&#146;s corporate segment and included in &#147;Other net realized gains (losses)&#148; on the Company&#146;s consolidated statements of operations. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">6 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 1: Business Developments and Risks and Uncertainties (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Assets and Liabilities Held for Sale by Major Category </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table summarizes the components of assets and liabilities held for sale as of March&nbsp;31, 2015 and December&nbsp;31, 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments carried at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Facility</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total assets held for sale</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">802</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated variable interest entities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">431</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Payable for loans purchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">323</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Total liabilities held for sale</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">772</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Risks and Uncertainties </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties
could cause the Company to revise its estimates and assumptions or could cause actual results to differ from the Company&#146;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on
the Company&#146;s financial statements and business objectives in future periods. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>U.S. Public Finance Market Conditions </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National&#146;s insured portfolio continued to perform satisfactorily against a backdrop of strengthening domestic economic activity. While this trend will
generally benefit tax revenues and fees charged for essential municipal services which secure National&#146;s insured bond portfolio, some state and local governments and territory obligors National insures remain under financial and budgetary
stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of the Company&#146;s insured transactions. The Company monitors and analyzes these situations and
other stressed credits closely, and the overall extent and duration of this stress is uncertain. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">7 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 1: Business Developments and Risks and Uncertainties (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>MBIA Corp. Recoveries and Insured Portfolio </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The amount and timing of projected collections from excess spread from second-lien residential mortgage-backed securities (&#147;RMBS&#148;) and the put-back recoverable from Credit Suisse Securities (USA) LLC, DLJ
Mortgage Capital, Inc., and Select Portfolio Servicing Inc. (collectively, &#147;Credit Suisse&#148;) and the potential of claims from MBIA Corp.&#146;s remaining insured exposures are uncertain. Further, the remaining insured portfolio, aside from
these exposures, could deteriorate and result in additional significant loss reserves and claim payments. Management&#146;s expected liquidity and capital forecasts for MBIA Corp., which include expected put-back recoveries from Credit Suisse and
excess spread recoveries, reflect adequate resources to pay claims when due. However, if MBIA Corp. experiences higher than expected claim payments or is unable to terminate the remaining exposures that represent substantial risk to the Company,
MBIA Corp. may ultimately have insufficient resources to continue to pay claims, which could cause the New York State Department of Financial Services (&#147;NYSDFS&#148;) to put MBIA Insurance Corporation, exclusive of MBIA UK, into a
rehabilitation or liquidation proceeding. Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any material intercompany lending agreements or cross defaults between the entities, and the lack of reliance by
MBIA Inc. on MBIA Corp. for the receipt of dividends, the Company does not believe that a rehabilitation or liquidation proceeding of MBIA Insurance Corporation by NYSDFS would have any significant long-term liquidity impact on MBIA Inc. or result
in a liquidation or similar proceeding of MBIA UK. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of insured credit default swaps (&#147;CDS&#148;) contracts for which counterparties may assert
market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; for information about MBIA Corp.&#146;s loss reserves and recoveries. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Corporate Liquidity </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and
December&nbsp;31, 2014, the liquidity position, which comprises cash and liquid assets available for general liquidity purposes, of the Company&#146;s corporate segment was $567 million and $498 million, respectively. During the three months ended
March&nbsp;31, 2015, $228 million was released to MBIA Inc. under the MBIA group&#146;s tax sharing agreement (the &#147;Tax Escrow Account&#148;). While MBIA Inc.&#146;s liquidity position improved during the three months ended March&nbsp;31, 2015
due to the Tax Escrow Account release, MBIA Inc. continues to have liquidity risk. If invested asset performance deteriorates or the flow of dividends from subsidiaries is interrupted and/or access to the capital markets is impaired, its liquidity
position could be eroded over time. Based on MBIA Inc.&#146;s debt service requirements and expected operating expenses, the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt obligations and its general corporate needs
over time from distributions from its operating subsidiaries and payments under the Tax Escrow Account once the payments become unrestricted, however, there can be no assurance that such sources will generate sufficient cash. In addition, a failure
by MBIA Inc. to settle liabilities that are also insured by MBIA Corp. could result in claims on MBIA Corp. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 2: Significant Accounting Policies </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has disclosed its significant accounting policies in &#147;Note 2: Significant Accounting Policies&#148; in the Notes to Consolidated
Financial Statements included in the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014. The following significant accounting policies provide an update to those included in the Company&#146;s Annual Report on Form
10-K. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Basis of Presentation </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and, accordingly, do not include all of the information and disclosures required by
accounting principles generally accepted in the United States of America (&#147;GAAP&#148;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report
on Form 10-K for the year ended December&nbsp;31, 2014. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting
Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#146;s consolidated financial position and
results of operations. All material intercompany balances and transactions have been eliminated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The preparation of financial statements requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">8 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 2: Significant Accounting Policies (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The results of operations for the three months ended March&nbsp;31, 2015 may not be indicative of the results that
may be expected for the year ending December&nbsp;31, 2015. The December&nbsp;31, 2014 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. Certain
amounts have been reclassified in the prior year&#146;s financial statements to conform to the current presentation. Such reclassifications had no impact on total revenues, expenses, assets, liabilities, shareholders&#146; equity, operating cash
flows, investing cash flows, or financing cash flows for all periods presented. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 3: Recent Accounting Pronouncements </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Recently Adopted Accounting Standards </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)&#151;Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08)
</I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In April of 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) 2014-08,
&#147;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)-Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.&#148; ASU 2014-08 changes the criteria for determining
whether a disposal of a component or group of components of an entity qualifies for discontinued operations presentation and requires new disclosures. ASU 2014-08 amends the definition of discontinued operation to a disposal of components of an
entity that represent strategic shifts that have, or will have, a major effect on an entity&#146;s operations and financial results. ASU 2014-08 was effective for interim and annual periods beginning January&nbsp;1, 2015. The adoption of ASU 2014-08
did not affect the Company&#146;s consolidated financial statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Transfers and Servicing (Topic 860)&#151; Repurchase-to-Maturity Transactions,
Repurchase Financings, and Disclosures (ASU 2014-11) </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In June of 2014, the FASB issued ASU 2014-11, &#147;Transfers and Servicing (Topic
860)-Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.&#148; The repurchase agreements and similar transactions guidance is amended by ASU 2014-11 to change the accounting for i.) repurchase-to-maturity transactions to
secured borrowing accounting and ii.) linked repurchase financing transactions to secured borrowing accounting. ASU 2014-11 amends disclosure requirements for transfers accounted for as sales, and for repurchase transactions accounted for as secured
borrowings. ASU 2014-11 was effective for interim and annual periods beginning January&nbsp;1, 2015. The adoption of ASU 2014-11 did not affect the Company&#146;s consolidated financial statements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has not adopted any other new accounting pronouncements that had a material impact on its consolidated financial statements. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Recent Accounting Developments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Revenue from
Contracts with Customers (Topic 606) (ASU 2014-09) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In May of 2014, the FASB issued ASU 2014-09, &#147;Revenue from Contracts with Customers (Topic
606).&#148; ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of other accounting standards. ASU 2014-09 is effective
for interim and annual periods beginning January&nbsp;1, 2017, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Compensation-Stock Compensation (Topic 718)&#151; Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A
Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12) </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In June of 2014, the FASB issued ASU 2014-12, &#147;Compensation-Stock Compensation
(Topic 718)-Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.&#148; ASU 2014-12 requires that a performance target that affects vesting of
share-based payment awards and that could be achieved after an employee&#146;s requisite service period be accounted for as a performance condition. ASU 2014-12 is effective for interim and annual periods beginning January&nbsp;1, 2016 with early
adoption permitted, and is applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company&#146;s consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">9 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 3: Recent Accounting Pronouncements (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Consolidation (Topic 810)&#151;Measuring the Financial Assets and the Financial Liabilities of a Consolidated
Collateralized Financing Entity (ASU 2014-13) </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In August of 2014, the FASB issued ASU 2014-13, &#147;Consolidation (Topic 810)-Measuring the
Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.&#148; ASU 2014-13 applies to a consolidated collateralized financing entity defined as a consolidated variable interest entity (&#147;VIE&#148;) that
holds financial assets and issues beneficial interests in those financial assets that are classified as financial liabilities. The Company may elect to measure the financial assets and the financial liabilities of a consolidated collateralized
financing entity using a measurement alternative provided in ASU 2014-13. The measurement alternative requires both the financial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more
observable of the fair value of the financial assets and the fair value of the financial liabilities with the changes in fair value recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing
consolidated collateralized financing entities. ASU 2014-13 is effective for interim and annual periods beginning January&nbsp;1, 2016 with early adoption permitted. The adoption of ASU 2014-13 is not expected to materially impact the Company&#146;s
consolidated financial statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Presentation of Financial Statements&#151;Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an
Entity&#146;s Ability to Continue as a Going Concern (ASU 2014-15) </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In August of 2014, the FASB issued ASU 2014-15, &#147;Presentation of Financial
Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#146;s Ability to Continue as a Going Concern.&#148; ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial
doubt about the entity&#146;s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial
statements are issued. ASU 2014-15 is effective for the annual period ending December&nbsp;31, 2016 and for annual periods and interim periods thereafter with early adoption permitted. The adoption of ASU 2014-15 is not expected to materially impact
the Company&#146;s consolidated financial statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Consolidation (Topic 810)&#151;Amendments to the Consolidation Analysis (ASU 2015-02)
</I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In February of 2015, the FASB issued ASU 2015-02, &#147;Consolidation (Topic 810)<I>&#151;</I>Amendments to the Consolidation Analysis.&#148; ASU
2015-02 amends the accounting guidance for consolidation of legal entities including VIEs. ASU 2015-02 eliminates the specialized consolidation model and guidance for limited partnerships, amends the conditions for evaluating whether a fee paid to a
decision maker or a service provider represents a variable interest in a VIE, amends the related party guidance for the determination of the primary beneficiary of a VIE, and requires certain investment funds designed as VIEs, except money market
funds, to apply the amended consolidation guidance. ASU 2015-02 is effective for interim and annual periods beginning January&nbsp;1, 2016 with early adoption permitted, and is applied on a retrospective or modified retrospective basis. The Company
is evaluating the impact of adopting ASU 2015-02. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance
Costs (ASU 2015-03) </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In April of 2015, the FASB issued ASU 2015-03, &#147;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the
Presentation of Debt Issuance Costs.&#148; ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost to be reported in the balance sheet as a direct deduction from the face amount of the debt liability. ASU
2015-03 is effective for interim and annual periods beginning January&nbsp;1, 2016 with early adoption permitted, and is applied on a retrospective basis. The adoption of ASU 2015-03 is not expected to materially impact the Company&#146;s
consolidated financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">10 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 4: Variable Interest Entities </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Through MBIA&#146;s international and structured finance insurance segment, the Company provides credit protection to issuers of obligations that
may involve issuer-sponsored special purpose entities (&#147;SPEs&#148;). An SPE may be considered a VIE to the extent the SPE&#146;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated
financial support or its equity investors lack any one of the following characteristics: (i)&nbsp;the power to direct the activities of the SPE that most significantly impact the entity&#146;s economic performance or (ii)&nbsp;the obligation to
absorb the expected losses of the entity or the right to receive the expected residual returns of the entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is
required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest identifies the primary beneficiary as the variable interest holder that has both of the following characteristics: (i)&nbsp;the power to
direct the activities of the VIE that most significantly impact the entity&#146;s economic performance and (ii)&nbsp;the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant
to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required to be performed based on any substantive changes in facts and circumstances involving the VIE and its
variable interests. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial
determination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a
controlling financial interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company makes its determination for consolidation based on a qualitative assessment of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is
designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligations issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may
have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain contingent events, and these activities may be considered the activities of a VIE that most significantly impact the
entity&#146;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonperformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be
significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic performance of the entity based on facts and circumstances, MBIA is deemed to have a
controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financial interest that may result in consolidation or deconsolidation of any
VIE. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s advisory services segment provided asset management and advisory services to VIEs. During 2014, the Company consolidated three
VIEs as the primary beneficiary, pursuant to this segment&#146;s activities. As of December&nbsp;31, 2014, the Company held approximately $4 million of the subordinated notes issued by one of the VIEs. The Company had no obligation or commitment to
provide additional financial support or liquidity to these VIEs. Effective January&nbsp;1, 2015, the Company completed the sale of its Cutwater business and deconsolidated these VIEs. Refer to &#147;Note 1: Business Developments and Risks and
Uncertainties&#148; for additional information about the sale of Cutwater. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">11 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 4: Variable Interest Entities (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Nonconsolidated VIEs </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables present the total assets of nonconsolidated VIEs in which the Company holds a
variable interest as of March&nbsp;31, 2015 and December&nbsp;31, 2014, through its insurance operations. The following tables also present the Company&#146;s maximum exposure to loss for nonconsolidated VIEs and carrying values of the assets and
liabilities for its interests in these VIEs as of March&nbsp;31, 2015 and December&nbsp;31, 2014. The Company has aggregated nonconsolidated VIEs based on the underlying credit exposure of the insured obligation. The nature of the Company&#146;s
variable interests in nonconsolidated VIEs is related to financial guarantees, insured CDS contracts and any investments in obligations issued by nonconsolidated VIEs. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carrying Value of Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carrying Value of Liabilities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>VIE<BR>Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Maximum<BR>Exposure<BR>to Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investments<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Premiums<BR>Receivable<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></B></FONT></TD>

<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance&nbsp;
Loss<BR>Recoverable<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unearned<BR>Premium<BR>Revenue<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(4)</SUP></B>
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss&nbsp;and&nbsp;Loss<BR>Adjustment<BR>Expense<BR>Reserves<SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(5)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative<BR>Liabilities<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(6)</SUP></B></FONT>
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Global structured finance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7,491</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,788</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">71</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed residential</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13,575</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7,173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">513</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">315</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed commercial</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">554</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">265</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Consumer asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,856</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,916</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,403</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,319</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total global structured finance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33,879</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18,461</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">107</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">519</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">112</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">396</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Global public finance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,595</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">200</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">79,579</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34,056</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">107</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">279</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">519</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">312</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">396</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Investments&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Premiums receivable&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Insurance loss recoverable&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Unearned premium revenue&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(5)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Loss and loss adjustment expense reserves&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Derivative liabilities&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carrying Value of Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carrying Value of Liabilities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>VIE<BR>Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Maximum<BR>Exposure<BR>to Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investments<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Premiums<BR>Receivable<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></B></FONT></TD>

<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance&nbsp;
Loss<BR>Recoverable<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unearned<BR>Premium<BR>Revenue<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(4)</SUP></B>
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss&nbsp;and&nbsp;Loss<BR>Adjustment<BR>Expense<BR>Reserves<SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(5)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative<BR>Liabilities<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(6)</SUP></B></FONT>
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Global structured finance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,613</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,623</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">110</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed residential</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14,136</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7,459</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">518</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">307</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed commercial</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">571</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">279</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Consumer asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,008</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,989</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,612</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">47</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total global structured finance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35,940</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19,958</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">123</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">524</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">121</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">389</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Global public finance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49,686</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16,698</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">179</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">211</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85,626</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36,656</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">302</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">524</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">332</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">389</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Investments&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Premiums receivable&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Insurance loss recoverable&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Unearned premium revenue&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(5)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Loss and loss adjustment expense reserves&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Derivative liabilities&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The maximum exposure to loss as a result of MBIA&#146;s variable interests in VIEs is represented by insurance in force. Insurance in force is the maximum future payments of principal and interest which may be
required under commitments to make payments on insured obligations issued by nonconsolidated VIEs. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 4: Variable Interest Entities (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Consolidated VIEs </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The carrying amounts of assets and liabilities of consolidated VIEs were $5.7 billion and $5.5 billion, respectively, as of March&nbsp;31, 2015, and $5.0 billion and $4.8 billion, respectively, as of
December&nbsp;31, 2014. The carrying amounts of assets and liabilities are presented separately in &#147;Assets of consolidated variable interest entities&#148; and &#147;Liabilities of consolidated variable interest entities&#148; on the
Company&#146;s consolidated balance sheets. The carrying amounts of assets and liabilities of consolidated VIEs in the Company&#146;s advisory services segment were $751 million and $754 million, respectively, as of December&nbsp;31, 2014, and are
presented separately in &#147;Assets held for sale&#148; and &#147;Liabilities held for sale&#148; on the Company&#146;s consolidated balance sheets. VIEs are consolidated or deconsolidated based on an ongoing reassessment of controlling financial
interest, when events occur or circumstances arise, and whether the ability to exercise rights that constitute power to direct activities of any VIEs are present according to the design and characteristics of these entities. One additional VIE was
consolidated during the three months ended March&nbsp;31, 2015 and no additional VIEs were consolidated during the three months ended March&nbsp;31, 2014. The international and structured finance insurance segment had no realized gains or losses
recorded for the three months ended March&nbsp;31, 2015 and an immaterial amount of net realized gains recorded for the three months ended March&nbsp;31, 2014 related to the deconsolidation of VIEs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Holders of insured obligations of issuer-sponsored VIEs related to the Company&#146;s international and structured finance insurance segment do not have recourse
to the general assets of MBIA. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective insured obligation only. The Company&#146;s exposure
to consolidated VIEs is limited to the credit protection provided on insured obligations and any additional variable interests held by MBIA. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Loss and Loss Adjustment Expense Process </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>U.S. Public Finance Insurance </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. public finance insured transactions consist of municipal bonds,
including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and
obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-weighted scenarios that are customized to each insured transaction. Future loss estimates
consider debt service due for each insured transaction, which includes par outstanding and interest due. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and
December&nbsp;31, 2014, the Company established loss and loss adjustment expense (&#147;LAE&#148;) reserves totaling $35 million and $45 million, respectively, and insurance loss recoverable of $4 million related to U.S. public finance issues.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Certain local governments remain under financial and budgetary stress and a few have filed for protection under the United States Bankruptcy Code, or
have entered into state statutory proceedings established to assist municipalities in managing through periods of severe fiscal stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or
impairments on a greater number of the Company&#146;s insured transactions. The Company monitors and analyzes these situations closely, however, the overall extent and duration of such events are uncertain and the filing for protection under the
United States Bankruptcy Code or entering state statutory proceedings does not result in a default or indicate that an ultimate loss will occur. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company had $92.5 billion and $98.9 billion,
respectively, of gross par outstanding on general obligations, of which $83 million and $152 million, respectively, were reflected on the Company&#146;s &#147;Classified List.&#148; Capital appreciation bonds are reported at the par amount at the
time of issuance of the insurance policy. Refer to &#147;Note 6: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements included in the Company&#146;s Annual Report on Form 10-K for the year ended
December&nbsp;31, 2014, for additional information on the Company&#146;s surveillance categories. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>International and Structured Finance Insurance
</U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The international and structured finance insurance segment&#146;s case basis reserves and insurance loss recoveries recorded in accordance with
GAAP do not include estimates for policies insuring credit derivatives or losses and recoveries on financial guarantee VIEs that are eliminated in consolidation. Policies insuring credit derivative contracts are accounted for as derivatives and
carried at fair value under GAAP. The fair values of insured derivative contracts are influenced by a variety of market and transaction-specific factors that may be unrelated to potential future claim payments under the Company&#146;s insurance
policies. In the absence of credit impairments on insured derivative contracts or the early termination of such contracts at a loss, the cumulative unrealized losses recorded from these contracts should reverse before or at the maturity of the
contracts. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>RMBS Case Basis Reserves and Recoveries (Financial Guarantees) </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s RMBS reserves and recoveries relate to financial guarantee insurance policies. The Company calculated RMBS case basis reserves as of
March&nbsp;31, 2015 for both second and first-lien RMBS transactions using a process called the &#147;Roll Rate Methodology.&#148; The Roll Rate Methodology is a multi-step process using a database of loan level information, a proprietary internal
cash flow model, and a commercially available model to estimate potential losses and recoveries on insured bonds. &#147;Roll Rate&#148; is defined as the probability that current loans become delinquent and that loans in the delinquent pipeline are
charged-off or liquidated. Generally, Roll Rates are calculated for the previous three months and averaged. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses (base case, stress case, and an
additional stress case). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of second-lien loans that are expected to
be charged-off (deemed uncollectible by servicers of the transactions) or first-lien loans liquidated in the future. Refer to &#147;Note 6: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements included in
the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014, for additional information on the Company&#146;s second and first-lien Roll Rate Methodology. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><U>Second-lien RMBS Reserves </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s second-lien RMBS case basis reserves as of March&nbsp;31, 2015
relate to RMBS backed by home equity lines of credit (&#147;HELOC&#148;) and closed-end second mortgages (&#147;CES&#148;). As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company established loss and LAE reserves totaling $71 million and
$70 million, respectively, related to second-lien RMBS issues after the elimination of $29 million and $21 million, respectively, as a result of consolidating VIEs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company monitors portfolio performance on a monthly basis against projected performance, reviewing delinquencies, Roll Rates, and prepayment rates (including voluntary and involuntary). However, loan
performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly. If actual
performance were to remain at the current levels for six additional months compared to the probability-weighted outcome currently used by the Company, the addition to the case basis reserves would be approximately $40 million. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Second-lien RMBS Recoveries </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company primarily records
two types of recoveries related to insured second-lien RMBS exposures: &#147;put-back&#148; claims related to those mortgage loans whose inclusion in insured securitizations failed to comply with representations and warranties (&#147;ineligible
loans&#148;) and excess spread that is generated from performing loans in the insured transactions. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Excess Spread </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company recorded estimated recoveries of $502 million and $523 million, respectively, for the
reimbursement of past and future expected claims through excess spread in insured second-lien RMBS transactions after the elimination of $124 million and $137 million, respectively, as a result of consolidating VIEs. As of March&nbsp;31, 2015, $488
million and $14 million were included in &#147;Insurance loss recoverable&#148; and &#147;Loss and loss adjustment expense reserves&#148; on the Company&#146;s consolidated balance sheets, respectively, after the elimination of $122 million and $2
million in &#147;Insurance loss recoverable&#148; and in &#147;Loss and loss adjustment expense reserves&#148;, respectively, as a result of consolidating VIEs. As of December&nbsp;31, 2014, $496 million and $27 million were included in
&#147;Insurance loss recoverable&#148; and &#147;Loss and loss adjustment expense reserves&#148; on the Company&#146;s consolidated balance sheets, respectively, after the elimination of $132 million and $5 million, respectively, as a result of
consolidating VIEs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Excess spread is generated by performing loans within insured second-lien RMBS securitizations and is the difference between
interest inflows on mortgage loan collateral and interest outflows on insured beneficial interests. The amount of excess spread depends on the future loss trends (which include future delinquency trends, average time to charge-off delinquent loans,
and the availability of pool mortgage insurance), the future spread between Prime and London Interbank Offered Rate (&#147;LIBOR&#148;) interest rates; and borrower refinancing behavior which results in voluntary prepayments. Minor deviations in
loss trends and voluntary prepayments may substantially impact the amounts collected from excess spread. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Ineligible Mortgage Loans </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">To date, MBIA has settled the majority of the Company&#146;s put-back claims. Only its claims against Credit Suisse remain outstanding. Settlement amounts have been
consistent with the put-back recoveries previously included in the Company&#146;s financial statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">14 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The contract claim remaining with Credit Suisse is related to the inclusion of ineligible mortgage loans in the
2007-2 Home Equity Mortgage Trust securitization. Credit Suisse has challenged the Company&#146;s assessment of the ineligibility of individual mortgage loans and the dispute is the subject of litigation for which there is no assurance that the
Company will prevail. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company recorded estimated recoveries of $385 million and $379 million,
respectively, related to its Credit Suisse put-back claims, reflected in &#147;Loan repurchase commitments&#148; presented under the heading &#147;Assets of consolidated variable interest entities&#148; on the Company&#146;s consolidated balance
sheets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on the Company&#146;s assessment of the strength of its contractual put-back rights against Credit Suisse, which it is pursuing through
litigation claims, as well as on its prior settlements with other sellers/servicers and success of other monolines in litigation against other sellers/servicers, the Company believes it will prevail in enforcing its contractual rights and that it is
entitled to collect the full amount of its incurred losses, which totaled $418 million through March&nbsp;31, 2015. The Company is also entitled to collect interest on amounts paid; it believes that in context of its put-back litigation, the
appropriate rate should be the New York State statutory rate. However, the Company currently calculates its put-back recoveries using the contractual interest rate, which is lower than the New York State statutory rate. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Notwithstanding the foregoing, uncertainty remains with respect to the ultimate outcome of the litigation with Credit Suisse, which is contemplated in the scenario
based-modeling the Company uses. The Credit Suisse recovery scenarios are based on the amount of incurred losses measured against certain probabilities of ultimate resolution of the dispute with Credit Suisse. Most of the probability weight is
assigned to partial recovery scenarios and are discounted using the current risk-free discount rates associated with the underlying transaction&#146;s cash flows. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company continues to consider all relevant facts and circumstances in developing its assumptions on expected cash inflows, probability of potential recoveries (including the outcome of litigation) and recovery
period. The estimated amount and likelihood of potential recoveries are expected to be revised and supplemented to the extent there are developments in the pending litigation and/or changes to the financial condition of Credit Suisse. While the
Company believes it will be successful in realizing its recoveries from its contract claims against Credit Suisse, the ultimate amounts recovered may be materially different from those recorded by the Company given the inherent uncertainty of the
manner of resolving the claims (e.g., litigation) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and other information that are not easily corroborated by historical data or
other relevant benchmarks. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>First-lien RMBS Reserves </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s first-lien RMBS case basis reserves as of March&nbsp;31, 2015, which primarily relate to RMBS backed by alternative A-paper and subprime mortgage loans, were determined using the Roll Rate
Methodology. As of March&nbsp;31, 2015, the Company established loss and LAE reserves totaling $267 million related to first-lien RMBS issues after the elimination of $1 million as a result of consolidating VIEs. As of December&nbsp;31, 2014, the
Company established loss and LAE reserves totaling $263 million related to first-lien RMBS issues. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>CDO Reserves </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has established loss and LAE reserves on certain transactions within its collateralized debt obligation (&#147;CDO&#148;) portfolio, including its
multi-sector CDO, commercial mortgage-backed securities (&#147;CMBS&#148;), and high-yield corporate CDO asset classes. MBIA&#146;s insured multi-sector CDOs are transactions that include a variety of collateral ranging from corporate bonds to
structured finance assets (which includes but are not limited to RMBS related collateral, multi-sector and corporate CDOs). These transactions were insured as either financial guarantee insurance policies or credit derivatives with the majority
currently insured in the form of financial guarantees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA&#146;s insured CMBS transactions comprise structured CMBS pools and commercial real estate
(&#147;CRE&#148;) CDOs. The majority of this portfolio is accounted for as insured credit derivatives and carried at fair value in the Company&#146;s consolidated financial statements. Refer to &#147;Note 8: Derivative Instruments&#148; for a
further discussion of the Company&#146;s use of derivatives and their impact on the Company&#146;s consolidated financial statements. Since the Company&#146;s insured credit derivatives have similar terms, conditions, risks, and economic profiles to
its financial guarantee insurance policies, the Company evaluates them for impairment in the same way that it estimates loss and LAE for its financial guarantee policies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">MBIA&#146;s high yield corporate CDO portfolio comprises middle-market/special-opportunity corporate loan transactions. These transactions were insured as financial guarantee insurance policies. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">15 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following discussion provides information about the Company&#146;s process for estimating reserves and credit
impairments on these policies, determined as the present value of the probability-weighted potential future losses, net of estimated recoveries, across multiple scenarios. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company considers several factors when developing the range of potential outcomes and their impact on MBIA. The following approaches require substantial judgments about the future performance of each
transaction: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Each transaction is evaluated for its commutation potential, which is customized by counterparty and considers historical commutation prices, the level of dialogue with the
counterparty and the credit quality and payment profile of the underlying exposure. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">A range of loss scenarios is considered under different default and severity rates for each transaction&#146;s collateral. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The losses projected by these approaches vary widely. Actual losses will be a function of the proportion of collateral in the pools that default and the loss
severities associated with those defaults. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company&#146;s loss and LAE reserves were $113
million and $111 million, respectively, related to the total CDO financial guarantee insurance portfolio after the elimination of $233 million and $225 million, respectively, as a result of consolidating VIEs. For the three months ended
March&nbsp;31, 2015, the Company incurred $2 million of losses and LAE recorded in earnings related to the total CDO financial guarantee insurance portfolio after the elimination of an $8 million expense as a result of consolidating VIEs. In the
event of further deteriorating performance of the collateral referenced or held in the total CDO portfolio, the amount of losses estimated by the Company could increase substantially. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>Loss and LAE Activity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Financial Guarantee Insurance Losses (Excluding Derivative and Consolidated
VIEs) </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s financial guarantee insurance losses and LAE, net of reinsurance for the three months ended March&nbsp;31, 2015 and 2014
are presented in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Public Finance Insurance Segment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">International and Structured Finance Insurance Segment:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Second-lien RMBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">First-lien RMBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and LAE expense (benefit)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes ABS CDOs, CMBS, non-U.S. public finance and other issues. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The decrease in losses and LAE expense for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily related to decreases in
expected payments and increases in expected recoveries on insured first and second-lien RMBS securitizations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Costs associated with remediating insured
obligations assigned to the Company&#146;s surveillance categories are recorded as LAE and included in &#147;Losses and loss adjustment&#148; expenses on the Company&#146;s consolidated statements of operations. For the three months ended
March&nbsp;31, 2015 and 2014, gross LAE related to remediating insured obligations were a benefit of $2 million and an expense of $4 million, respectively. Decreases in LAE are due to lower litigation expenses as a result of settlements. </FONT></P>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table provides information about the financial guarantees and related claim liability included in
each of MBIA&#146;s surveillance categories as of March&nbsp;31, 2015: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Surveillance Categories</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>List</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Low</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution<BR>List<BR>Medium</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution<BR>List<BR>High</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Classified<BR>List</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Number of policies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">172&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">310&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Number of
issues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">119&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">145&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Remaining weighted average contract period (in years)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6.8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12.1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9.4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6.9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross insured contractual payments outstanding:</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,375&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">156&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7,780&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,884&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">593&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">822&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">80&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,371&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,166&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">236&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,656&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,255&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross Claim Liability</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">791&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">791&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross Potential Recoveries</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">719&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">719&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Discount,
net</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">96&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">96&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net claim liability (recoverable)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium revenue</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">158&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An &#147;issue&#148; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents discount related to Gross Claim Liability and Gross Potential Recoveries. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#146;s surveillance categories as of December&nbsp;31, 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="Times New Roman" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Surveillance Categories</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution<BR>List</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Low</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution<BR>List<BR>Medium</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Caution<BR>List<BR>High</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Classified<BR>List</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Number of policies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">38&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">98&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">175&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">315&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Number of
issues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">119&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">147&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Remaining weighted average contract period (in years)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12.0&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10.1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.0&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross insured contractual payments outstanding:</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,372&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">133&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,001&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11,263&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">696&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">819&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">68&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,037&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,620&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,453&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,191&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">201&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11,038&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,883&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross Claim Liability</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">850&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">850&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross Potential Recoveries</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">860&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">860&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Discount,
net</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net claim liability (recoverable)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium revenue</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">63&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">80&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">167&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An &#147;issue&#148; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents discount related to Gross Claim Liability and Gross Potential Recoveries. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">17 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The gross claim liability in the preceding tables represents the Company&#146;s estimate of undiscounted
probability-weighted future claim payments. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the gross claim liability primarily related to insured first and second-lien RMBS issues, high yield corporate CDOs and an international road
transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The gross potential recoveries represent the Company&#146;s estimate of undiscounted probability-weighted recoveries of actual claim
payments and recoveries of estimated future claim payments. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the gross potential recoveries principally related to insured second-lien RMBS and U.S. public finance issues. The Company&#146;s
recoveries have been, and remain based on either salvage rights, the rights conferred to MBIA through the transactional documents (inclusive of the insurance agreement), or subrogation rights embedded within financial guarantee insurance policies.
Expected salvage and subrogation recoveries, as well as recoveries from other remediation efforts, reduce the Company&#146;s claim liability. Once a claim payment has been made, the claim liability has been satisfied and MBIA&#146;s right to
recovery is no longer considered an offset to future expected claim payments, it is recorded as a salvage asset. The amount of recoveries recorded by the Company is limited to paid claims plus the present value of projected future claim payments. As
claim payments are made, the recorded amount of potential recoveries may exceed the remaining amount of the claim liability for a given policy. The gross claim liability and gross potential recoveries reflect the elimination of claim liabilities and
potential recoveries related to VIEs consolidated by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the components of the Company&#146;s loss and LAE
reserves and insurance loss recoverable as reported on the Company&#146;s consolidated balance sheets as of March&nbsp;31, 2015 and December&nbsp;31, 2014 for insured obligations within MBIA&#146;s &#147;Classified List.&#148; The loss reserves
(claim liability) and insurance claim loss recoverable included in the following table represent the present value of the probability-weighted future claim payments and recoveries reported in the preceding tables. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
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<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss reserves (claim liability)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">464&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">464&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">499&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">506&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance claim loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(527)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(533)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">LAE insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(527)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(533)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance recoverable on unpaid losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance recoverable on unpaid LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance recoverable on paid and unpaid losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, loss and LAE reserves include $609 million of reserves for expected future payments, partially offset by
expected recoveries of such future payments of $110 million. As of December&nbsp;31, 2014, loss and LAE reserves include $653 million of reserves for expected future payments, partially offset by expected recoveries of such future payments of $147
million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the insurance loss recoverable primarily related to expected future recoveries on
second-lien RMBS transactions resulting from excess spread generated by performing loans in such transactions. The decrease in insurance loss recoverable was primarily due to decreases in projected collections from excess spread within insured
second-lien RMBS securitizations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents changes in the Company&#146;s loss and LAE reserves for the three months ended
March&nbsp;31, 2015. Changes in loss and LAE reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in amount and timing of estimated payments and recoveries, changes in assumptions and changes in
LAE reserves are recorded in &#147;Losses and loss adjustment&#148; expenses in the Company&#146;s consolidated statements of operations. As of March&nbsp;31, 2015, the weighted average risk-free rate used to discount the Company&#146;s loss
reserves (claim liability) was 1.49%. LAE reserves are generally expected to be settled within a one-year period and are not discounted. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes in Loss and LAE Reserves for the Three Months Ended March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Loss<BR>and&nbsp;LAE</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:56pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Reserves&nbsp;as&nbsp;of<BR>December&nbsp;31,<BR>2014</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:37pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss<BR>Payments<BR>for Cases<BR>with<BR>Reserves</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:36pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Accretion<BR>of Claim<BR>Liability<BR>Discount</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:43pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>Discount<BR>Rates</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:50pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes in<BR>Assumptions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:43pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>Unearned<BR>Premium<BR>Revenue</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:43pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>LAE<BR>Reserves</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center">
<P STYLE="border-bottom:1px solid #000000;width:27pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Other<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:56pt" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Loss<BR>and
LAE<BR>Reserves&nbsp;as&nbsp;of<BR>March&nbsp;31,<BR>2015</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">506&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">499&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Primarily changes in amount and timing of payments. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 5: Loss and Loss Adjustment Expense Reserves (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The decrease in the Company&#146;s gross loss and LAE reserves reflected in the preceding table was primarily
related to loss payments and changes in amount and timing of payments on insured first and second-lien RMBS issues and decreases in reserves due to changes in discount rates on U.S. public finance issues. These were partially offset by changes in
assumptions and increases in reserves due to changes in discount rates on insured first and second-lien RMBS issues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Current period changes in the
Company&#146;s estimate of potential recoveries may be recorded as an insurance loss recoverable asset, netted against the gross loss and LAE reserve liability, or both. The following table presents changes in the Company&#146;s insurance loss
recoverable and changes in recoveries on unpaid losses reported within the Company&#146;s claim liability for the three months ended March&nbsp;31, 2015. Changes in insurance loss recoverable attributable to the accretion of the discount on the
recoverable, changes in discount rates, changes in amount and timing of estimated collections, changes in assumptions and changes in LAE recoveries are recorded in &#147;Losses and loss adjustment&#148; expenses in the Company&#146;s consolidated
statements of operations. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in&nbsp;Insurance&nbsp;Loss&nbsp;Recoverable&nbsp;and&nbsp;Recoveries&nbsp;on&nbsp;Unpaid&nbsp;Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>for the Three Months Ended March 31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of<BR>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Collections<BR>for Cases<BR>with<BR>Recoveries</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Accretion of<BR>Recoveries</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>Discount<BR>Rates</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>Assumptions</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes&nbsp;in<BR>LAE<BR>Recoveries</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Other<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">533&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">527&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Recoveries on unpaid losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">147&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(40)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">110&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">680&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(26)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">637&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Primarily changes in amount and timing of collections. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
decrease in the Company&#146;s insurance loss recoverable and recoveries on unpaid losses during 2015 was primarily due to collections associated with first and second-lien RMBS issues outstanding as of December&nbsp;31, 2014 and changes in
assumptions on an international road transaction. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Fair Value Measurement </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value
is a market-based measurement considered from the perspective of a market participant. Therefore, even when market assumptions are not readily available, the Company&#146;s own assumptions are set to reflect those which it believes market
participants would use in pricing an asset or liability at the measurement date. The fair value measurement of financial instruments held or issued by the Company are determined through the use of observable market data when available. Market data
is obtained from a variety of third-party sources, including dealer quotes. If dealer quotes are not available for an instrument that is infrequently traded, the Company uses alternate valuation methods, including either dealer quotes for similar
instruments or modeling using market data inputs. The use of alternate valuation methods generally requires considerable judgment in the application of estimates and assumptions and changes to such estimates and assumptions may produce materially
different fair values. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The accounting guidance for fair value measurement establishes a hierarchy for inputs used in measuring fair value that
maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available and reliable. Observable inputs are those the Company believes that market participants would use
in pricing an asset or liability based on available market data. Unobservable inputs are those that reflect the Company&#146;s beliefs about the assumptions market participants would use in pricing an asset or liability based on available
information. The fair value hierarchy is categorized into three levels based on the observability and reliability of inputs, as follows: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Level 1&#151;Valuations based on quoted prices in active markets for identical assets or liabilities that the Company can access. Valuations are based on quoted
prices that are readily and regularly available in an active market, with significant trading volumes. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Level 2&#151;Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 2 assets include debt securities with quoted prices that are traded less frequently than exchange-traded instruments, securities which are priced using observable inputs and derivative contracts whose values are determined using a pricing
model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Level 3&#151;Valuations based on inputs that are unobservable and supported by little or no market activity and that are significant to the overall fair value
measurement. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques where significant inputs are unobservable, as well as instruments for
which the determination of fair value requires significant management judgment or estimation. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The availability of observable inputs
can vary from financial instrument to financial instrument and period to period and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new and not yet established in the marketplace, and
other characteristics particular to the product. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company assigns the level in the fair value hierarchy for which
the fair value measurement in its entirety falls, based on the least observable input that is significant to the fair value measurement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Financial
Assets (excluding derivative assets) </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial assets, excluding derivative assets, held by the Company primarily consist of investments in debt
securities. Substantially all of the Company&#146;s investments are priced by independent third parties, including pricing services and brokers. Typically, the Company receives one pricing service value or broker quote for each instrument, which
represents a non-binding indication of value. The Company reviews the assumptions, inputs and methodologies used by pricing services and brokers to obtain reasonable assurance that the prices used in its valuations reflect fair value. When the
Company believes a third-party quotation differs significantly from its internally developed expectation of fair value, whether higher or lower, the Company reviews its data or assumptions with the provider. This review includes comparing
significant assumptions such as prepayment speeds, default ratios, forward yield curves, credit spreads and other significant quantitative inputs to internal assumptions, and working with the price provider to reconcile the differences. The price
provider may subsequently provide an updated price. In the event that the price provider does not update its price, and the Company still does not agree with the price provided, the Company will obtain a price from another third-party provider or
use an internally developed price which it believes represents the fair value of the investment. The fair values of investments for which internal prices were used were not significant to the aggregate fair value of the Company&#146;s investment
portfolio as of March&nbsp;31, 2015 or December&nbsp;31, 2014. All challenges to third-party prices are reviewed by staff of the Company with relevant expertise to ensure reasonableness of assumptions. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Financial Liabilities (excluding derivative liabilities) </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial liabilities, excluding derivative liabilities, issued by the Company primarily consist of investment agreements, medium-term notes (&#147;MTNs&#148;) and
debt issued for general corporate purposes within its corporate segment, debt issued by consolidated VIEs and warrants. Investment agreements, MTNs, and corporate debt are typically recorded at face value adjusted for premiums or discounts. The
majority of the financial liabilities that the Company has elected to fair value or that require fair value reporting or disclosures are valued based on the estimated value of the underlying collateral, the Company&#146;s or a third-party&#146;s
estimate of discounted cash flow model estimates, or quoted market values for similar products. These valuations include adjustments for expected nonperformance risk of the Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Derivative Liabilities </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s derivative liabilities are primarily insured credit derivatives that
reference structured pools of cash securities and CDS. The Company generally insured the most senior liabilities of such transactions, and at the inception of transactions its exposure generally had more subordination than needed to achieve triple-A
ratings from credit rating agencies. The types of collateral underlying its insured derivatives consist of cash securities and CDS referencing primarily corporate obligations, asset-backed securities (&#147;ABS&#148;), RMBS, CMBS, CRE loans, and
CDOs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s insured credit derivative contracts are non-traded structured credit derivative transactions. Since insured derivatives are
highly customized and there is generally no observable market for these derivatives, the Company estimates their fair values in a hypothetical market based on internal and third-party models simulating what a similar company would charge to assume
the Company&#146;s position in the transaction at the measurement date. This pricing would be based on the expected loss of the exposure. The Company reviews its valuation model results on a quarterly basis to assess the appropriateness of the
assumptions and results in light of current market activity and conditions. This review is performed by internal staff with relevant expertise. If live market spreads or securities prices are observable for similar transactions, those spreads are an
integral part of the analysis. New insured transactions that resemble existing (previously insured) transactions, if any, would be considered, as well as negotiated settlements of existing transactions. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company may from time to time make changes in its valuation techniques if the change results in a measurement
that it believes is equally or more representative of fair value under current circumstances. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Internal Review Process </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">All significant financial assets and liabilities are reviewed by a committee created by the Company to ensure compliance with the Company&#146;s policies and risk
procedures in the development of fair values of financial assets and liabilities. This valuation committee review, among other things, key assumptions used for internally developed prices, significant changes in sources and uses of inputs, including
changes in model approaches, and any adjustments from third-party inputs or prices to internally developed inputs or prices. The committee also reviews any significant impairment or improvements in fair values of the financial instruments from prior
periods. Occasionally, the committee will consult with the Company&#146;s valuation experts to better understand key methods and assumptions used for the determination of fair value, including understanding significant changes in fair values. The
committee is comprised of senior finance team members with the relevant experience in the financial instruments their committee is responsible for. For each quarter, the committee documents their agreement with the fair values developed by
management of the Company as reported in the quarterly and annual financial statements. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Valuation Techniques </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Valuation techniques for financial instruments measured at fair value or disclosed at fair value are described below. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Fixed-Maturity Securities (including short-term investments) Held as Available-For-Sale, Investments Carried at Fair Value, Investments Pledged as Collateral,
Investments Held-to-Maturity, and Other Investments </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">These investments include investments in U.S. Treasury and government agencies, state and
municipal bonds, foreign governments, corporate obligations, mortgage-backed securities (&#147;MBS&#148;), ABS, money market securities, and perpetual debt and equity securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">These investments are generally valued based on recently executed transaction prices or quoted market prices. When quoted market prices are not available, fair value is generally determined using quoted prices of
similar investments or a valuation model based on observable and unobservable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and
volatility scores, diversity scores, cross-currency basis index spreads, and credit spreads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the
value of any credit enhancement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair value of the held-to-maturity (&#147;HTM&#148;) investments is determined using discounted cash flow models.
Key inputs include unobservable cash flows projected over the expected term of the investment discounted using observable interest rate yield curves of similar securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Investments based on quoted market prices of identical investments in active markets are classified as Level 1 of the fair value hierarchy. Level 1 investments generally consist of U.S. Treasury and government
agency, foreign government, money market securities and perpetual debt and equity securities. Quoted market prices of investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs
are observable, such as interest rate yield curves, are categorized in Level 2 of the fair value hierarchy. Investments that contain significant inputs that are not observable are categorized as Level 3. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Cash and Cash Equivalents, Receivable for Investments Sold, Investments Payable, Payable for Investments Purchased, and Accrued Investment Income
</I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The carrying amounts of cash and cash equivalents, receivable for investments sold, investments payable, payable for investments purchased, and
accrued investment income approximate fair values due to the short-term nature and credit worthiness of these instruments. These items are categorized in Level 1 or Level 2 of the fair value hierarchy. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Loans Receivable at Fair Value </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair
value are comprised of loans held by consolidated VIEs consisting of corporate and residential mortgage loans. Fair values of commercial loans are obtained from a pricing service and determined using actively quoted prices obtained from multiple
market participants. Fair values of residential mortgage loans are determined using quoted prices for MBS issued by the respective VIE and adjusted for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. Loans
receivable at fair value are categorized in Level 2 or Level 3 of the fair value hierarchy based on the input that is significant to the fair value measurement in its entirety. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Loan Repurchase Commitments </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to either MBIA as reimbursement of paid claims or to the RMBS trusts as defined in the transaction documents. Loan
repurchase commitments are assets of the consolidated VIEs. This asset represents the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans sold to the trust to
comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA as
reimbursement of paid claims. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Loan repurchase commitments at fair value are categorized in Level 3 of the
fair value hierarchy. Fair values of loan repurchase commitments are determined using discounted cash flow techniques based on inputs including: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">breach rates representing the rate at which the sellers/servicers failed to comply with stated representations and warranties; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">recovery rates representing the estimates of future cash flows for the asset, including estimates about possible variations in the amount of cash flows expected
to be collected; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">expectations about possible variations in the timing of collections of the cash flows; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">time value of money, represented by the rate on risk-free monetary assets. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Investment Agreements </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair values of investment agreements are determined using discounted cash flow
techniques based on contractual cash flows and observable interest rates currently being offered for similar agreements with comparable maturity dates. Investment agreements contain collateralization and termination agreements that substantially
mitigate the nonperformance risk of the Company. As the terms of the notes are private, and the timing and amount of contractual cash flows are not observable, these investment agreements are categorized as Level 3 of the fair value hierarchy.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Medium-Term Notes </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair values of certain
MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix pricing grid based on the quoted market prices received and the MTNs&#146; stated
maturity and interest rate to determine fair value. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. The Company has elected to record these MTNs at fair value as they contain embedded derivatives which cannot
accurately be separated from the host debt instrument and fair valued separately, therefore, these MTNs are carried at fair value with changes in fair value reflected in earnings. The remaining MTNs, which are not carried at fair value, do not
contain embedded derivatives. As these MTNs are illiquid and the prices reflect significant unobservable inputs, they are categorized as Level 3 of the fair value hierarchy. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Long-term Debt </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term debt consists of notes, debentures, surplus notes and accrued interest on this debt.
The fair value of long-term notes, debentures and surplus notes are estimated based on quoted prices for the identical or similar securities. The fair value of the accrued interest expense on the surplus notes due in 2033 is determined based on the
scheduled interest payments discounted by the market&#146;s perception of the credit risk related to the repayment of the surplus notes.&nbsp;The credit risk related to the repayment of the surplus notes is based on recent trades of the surplus
notes.&nbsp;The deferred interest payment will be due on the first business day on or after which the Company obtains approval to make such payment. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The carrying amounts of accrued interest expense on all other long-term debt approximate fair value due to the short-term nature of these instruments. Long-term
debt is categorized as Level 2 of the fair value hierarchy. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Variable Interest Entity Notes </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair values of VIE notes are determined based on recently executed transaction prices or quoted prices where observable. When position-specific quoted prices
are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted for factors unique to the securities, including any credit enhancement. When observable quoted
prices are not available, fair value is determined based on discounted cash flow techniques of the underlying collateral using observable and unobservable inputs. Observable inputs include interest rate yield curves and bond spreads of similar
securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level 2 or Level 3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its
entirety. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">22 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Variable Interest Entity Derivatives </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The VIEs have entered into derivative transactions consisting of cross currency swaps, interest rate derivatives and interest rate caps. Fair values of over-the-counter (&#147;OTC&#148;) derivatives are determined
using valuation models based on observable and/or unobservable inputs. These observable and market-based inputs include interest rates and volatilities. These derivatives are categorized in Level 2 or Level 3 of the fair value hierarchy based on the
input that is significant to the fair value measurement in its entirety. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Derivatives </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The corporate segment has entered into derivative transactions primarily consisting of interest rate swaps. Fair values of OTC derivatives are determined using valuation models based on observable inputs,
nonperformance risk of the Company&#146;s own credit and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, credit spreads and volatilities. These derivatives are categorized in Level 2 or
Level 3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has
policies and procedures in place regarding counterparties, including review and approval of the counterparty and the Company&#146;s exposure limit, collateral posting requirements, collateral monitoring and margin calls on collateral. The Company
manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative transactions in the corporate segment as of March&nbsp;31, 2015. These agreements allow the Company to contractually net
amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that
generally provide the ability to require assignment or termination in the event either the Company or the counterparty is downgraded below a specified credit rating. The netting agreements minimize the potential for losses related to credit exposure
and thus serve to mitigate the Company&#146;s nonperformance risk under these derivatives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In certain cases, the Company also manages credit risk
through collateral agreements that give the Company the right to hold or the obligation to provide collateral when the current market value of derivative contracts exceeds an exposure threshold. Under these agreements, the Company may provide U.S.
Treasury and other highly rated securities or cash to secure the derivative. The delivery of high-quality collateral can minimize credit exposure and mitigate the potential for nonperformance risk impacting the fair values of the derivatives.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Derivatives&#151;Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The derivative
contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of insured credit derivatives using valuation models. The valuation models are consistently applied
from period to period, with refinements to the fair value estimation approach being applied as and when the information becomes available. Negotiated settlements are also considered when determining fair value to validate the fair value estimates
determined by the valuation models and to determine the best available estimate of fair value from the perspective of a market participant. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Approximately 93% of the balance sheet fair value of insured credit derivatives as of March&nbsp;31, 2015 was valued based on the Binomial Expansion Technique
(&#147;BET&#148;) Model. Approximately 7% of the balance sheet fair value of insured credit derivatives as of March&nbsp;31, 2015 was valued based on the internally developed Direct Price Model and the Dual Default model. The valuation of insured
derivatives includes the impact of its credit standing. All of these derivatives are categorized as Level 3 of the fair value hierarchy as their fair value is derived using significant unobservable inputs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has also entered into a derivative contract as a result of a commutation. The fair value of the derivative is determined using a discounted cash flow
model. Key inputs include unobservable cash flows projected over the expected term of the derivative, discounted using observable discount rates and CDS spreads. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><U>Description of the BET Model </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Valuation Model Overview </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company uses the BET Model to estimate what a bond insurer would charge to guarantee a transaction at the measurement date, based on the market-implied default
risk of the underlying collateral and the remaining structural protection in a deductible or subordination. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">23 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Inputs to the process of determining fair value for structured transactions using the BET Model include estimates
of collateral loss, allocation of loss to separate tranches of the capital structure, and calculation of the change in value. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>BET Model Inputs
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">a. Credit spreads </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The average spread of collateral
is a key input as the Company assumes credit spreads reflect the market&#146;s assessment of default probability. Collateral assets are generally considered on an average basis rather than being modeled on an individual basis. Spreads are obtained
from market data sources published by third parties (e.g., dealer spread tables for assets most closely resembling collateral within the Company&#146;s transactions) as well as collateral-specific spreads on the underlying reference obligations
provided by trustees or market sources. The Company also calculates spreads based on quoted prices and on internal assumptions about expected life, when pricing information is available and spread information is not. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Over time, the data inputs change as new sources become available, existing sources are discontinued or are no longer considered to be reliable or the most
appropriate. It is the Company&#146;s preference to use more observable spread inputs defined above. However, the Company may on occasion move to less observable spread inputs due to the discontinuation of data sources or due to the Company
considering certain spread inputs no longer representative of market spreads. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">b. Diversity Scores </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Diversity scores are a means of estimating the diversification in a portfolio. The diversity score estimates the number of uncorrelated assets that are assumed to
have the same loss distribution as the actual portfolio of correlated assets. While diversity score is a required input into the BET model, due to current high levels of default within the collateral of the structures, diversity score does not have
a significant impact on valuation. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">c. Recovery Rate </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The recovery rate represents the percentage of par expected to be recovered after an asset defaults, indicating the severity of a potential loss. MBIA generally
uses rating agency recovery assumptions which may be adjusted to account for differences between the collateral used by the rating agencies and the actual collateral in MBIA-insured transactions. The Company may also adjust rating agency assumptions
based on the performance of the collateral manager and on empirical market data. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">d. Nonperformance Risk </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s valuation methodology for insured credit derivative liabilities incorporates MBIA Corp.&#146;s own nonperformance risk. The Company calculates
the fair value by discounting the market value loss estimated through the BET Model at discount rates which include MBIA Corp.&#146;s CDS spreads as of March&nbsp;31, 2015. The CDS spreads assigned to each deal are based on the weighted average life
of the deal. The Company limits the nonperformance impact so that the derivative liability could not be lower than MBIA Corp.&#146;s recovery derivative price multiplied by the unadjusted derivative liability. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Overall Model Results </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and
December&nbsp;31, 2014, the Company&#146;s net insured CDS derivative liability was $207 million and $244 million, respectively, based on the results of the aforementioned models. A significant driver of changes in fair value is MBIA Corp.&#146;s
nonperformance risk. In aggregate, the nonperformance calculation resulted in a pre-tax net insured derivative liability that was $89 million and $92 million lower than the net liability that would have been estimated if MBIA Corp. excluded
nonperformance risk in its valuation as of March&nbsp;31, 2015 and December&nbsp;31, 2014, respectively. Nonperformance risk is a fair value concept and does not contradict MBIA Corp.&#146;s internal view, based on fundamental credit analysis of
MBIA Corp.&#146;s economic condition, that MBIA Corp. will be able to pay all claims when due. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Warrants </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Stock warrants issued by the Company are valued using the Black-Scholes model and are recorded at fair value. Inputs into the warrant valuation include the
Company&#146;s stock price, a volatility parameter, interest rates, and dividend data. As all significant inputs are market-based and observable, warrants are categorized as Level 2 of the fair value hierarchy. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">24 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Facility </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In the fourth quarter of 2013, the Company approved and initiated a plan to sell its Armonk, New York facility and classified it as held for sale as of
March&nbsp;31, 2015 and December&nbsp;31, 2014. In May of 2015, the Company completed the sale of this facility. As of March&nbsp;31, 2015, the fair value was the sales price less costs to sell. As of December&nbsp;31, 2014, fair market value was
estimated based on an independent third-party appraisal. This item is categorized as Level 2 of the fair value hierarchy. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Financial Guarantees
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Gross Financial Guarantees</U>&#151;The fair value of gross financial guarantees is determined using discounted cash flow techniques based on
inputs that include (i)&nbsp;assumptions of expected losses on financial guarantee policies where loss reserves have not been recognized, (ii)&nbsp;amount of losses expected on financial guarantee policies where loss reserves have been established,
net of expected recoveries, (iii)&nbsp;the cost of capital reserves required to support the financial guarantee liability, (iv)&nbsp;operating expenses, and (v)&nbsp;discount rates. The MBIA Corp. CDS spread and recovery rate are used as the
discount rate for MBIA Corp., while the CDS spread and recovery rate of a similar municipal bond insurance company are used as the discount rate for National, as National does not have a published CDS spread and recovery rate. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The carrying value of the Company&#146;s gross financial guarantees consists of unearned premium revenue and loss and LAE reserves, net of the insurance loss
recoverable as reported on MBIA&#146;s consolidated balance sheets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Ceded Financial Guarantees</U>&#151;The fair value of ceded financial guarantees
is determined by applying the percentage ceded to reinsurers to the related fair value of the gross financial guarantees. The carrying value of ceded financial guarantees consists of prepaid reinsurance premiums and reinsurance recoverable on paid
and unpaid losses as reported within &#147;Other assets&#148; on the Company&#146;s consolidated balance sheets. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Significant Unobservable Inputs
</I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and
liabilities measured at fair value on a recurring basis as of March&nbsp;31, 2015 and December&nbsp;31, 2014. These tables exclude inputs used to measure fair value that are not developed by the Company, such as broker prices and other third-party
pricing service valuations. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value<BR>as of<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Valuation&nbsp;Techniques</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unobservable Input</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Range (Weighted<BR>Average)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,480</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Market&nbsp;prices&nbsp;adjusted&nbsp;for<BR>financial guarantees<BR>provided to VIE<BR>obligations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Impact&nbsp;of&nbsp;financial<BR>guarantee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;6%&nbsp;(2%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">385</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Discounted cash flow</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery
rates</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Breach
rates</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,387</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Market prices of VIE<BR>assets adjusted for<BR>financial guarantees<BR>provided</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Impact of financial<BR>guarantee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;39%&nbsp;(9%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Credit derivative liabilities, net:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">CMBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">191</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">BET Model</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery rates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25%&nbsp;-&nbsp;90%&nbsp;(61%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance&nbsp;risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19%&nbsp;-&nbsp;32%&nbsp;(28%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average<BR>life (in years)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.0&nbsp;-&nbsp;2.0&nbsp;(1.6)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">CMBS spreads</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;57%&nbsp;(22%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Multi-sector CDO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Direct Price Model</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50%&nbsp;-&nbsp;50%&nbsp;(50%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">BET Model and Dual<BR>Default</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery rates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42%&nbsp;-&nbsp;45%&nbsp;(45%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50%&nbsp;-&nbsp;50%&nbsp;(50%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average<BR>life (in years)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.5&nbsp;-&nbsp;7.8&nbsp;(1.0)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Other derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Discounted cash flow</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash flows</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">$0&nbsp;-&nbsp;$83&nbsp;($42)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;
</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Midpoint of cash flows are used for the weighted average. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value&nbsp;as&nbsp;of<BR>December&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Valuation&nbsp;Techniques</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unobservable&nbsp;Input</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Range</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Weighted&nbsp;Average)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;1,431</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Market&nbsp;prices&nbsp;adjusted for financial guarantees provided to VIE obligations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Impact&nbsp;of&nbsp;financial guarantee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;10%&nbsp;(2%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">379</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Discounted cash flow</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery
rates</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Breach
rates</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">735</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Market&nbsp;prices&nbsp;of&nbsp;VIE&nbsp;assets adjusted for financial guarantees provided</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Impact of financial guarantee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;35%&nbsp;(16%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Credit derivative liabilities, net:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">CMBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">224</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">BET Model</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery rates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25%&nbsp;-&nbsp;90%&nbsp;(59%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12%&nbsp;-&nbsp;29%&nbsp;(25%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average life (in years)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.3&nbsp;-&nbsp;3.2&nbsp;(2.3)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">CMBS spreads</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0%&nbsp;-&nbsp;41%&nbsp;(19%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Multi-sector CDO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Direct Price Model</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53%&nbsp;-&nbsp;53%&nbsp;(53%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">BET Model and Dual Default</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery rates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42%&nbsp;-&nbsp;45%&nbsp;(45%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Nonperformance&nbsp;risk</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41%&nbsp;-&nbsp;51%&nbsp;(50%)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted&nbsp;average life (in years)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.2&nbsp;-&nbsp;7.9&nbsp;(1.1)</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other derivative liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Discounted cash flow</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash flows</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">$0&nbsp;-&nbsp;$83&nbsp;($42)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Midpoint of cash flows are used for the weighted average. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Sensitivity of Significant Unobservable Inputs </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
significant unobservable input used in the fair value measurement of the Company&#146;s loans receivable at fair value of consolidated VIEs is the impact of the financial guarantee. The fair value of loans receivable is calculated by subtracting the
value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments under the policy. As expected cash payments provided by the
Company under the insurance policy increase, there is a lower expected cash flow on the underlying loans receivable of the VIE. This results in a lower fair value of the loans receivable in relation to the obligations of the VIE. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The significant unobservable inputs used in the fair value measurement of the Company&#146;s loan repurchase commitments of consolidated VIEs are the recovery
rates and breach rates. Recovery rates reflect the estimates of future cash flows reduced for litigation delays and risks and/or potential financial distress of the sellers/servicers. The estimated recoveries of the loan repurchase commitments may
differ from the actual recoveries that may be received in the future. Breach rates represent the rate at which mortgages fail to comply with stated representations and warranties of the sellers/servicers. Significant increases or decreases in the
recovery rates and the breach rates would result in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in the legal environment and the ability of the counterparties to pay would impact
the recovery rate assumptions, which could significantly impact the fair value measurement. Any significant challenges by the counterparties to the Company&#146;s determination of breaches of representations and warranties could significantly
adversely impact the fair value measurement. Recovery rates and breach rates are determined independently. Changes in one input will not necessarily have any impact on the other input. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The significant unobservable input used in the fair value measurement of the Company&#146;s VIE notes of consolidated VIEs is the impact of the financial guarantee. The fair value of VIE notes is calculated by
adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments under the policy. As the value of the guarantee provided by
the Company to the obligations issued by the VIE increases, the credit support adds value to the liabilities of the VIE. This results in an increase in the fair value of the liabilities of the VIE. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The significant unobservable inputs used in the fair value measurement of MBIA Corp.&#146;s CMBS credit
derivatives, which are valued using the BET Model, are CMBS spreads, recovery rates, nonperformance risk and weighted average life. The CMBS spread is an indicator of credit risk of the collateral securities. The recovery rate represents the
percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance risk is an assumption of MBIA Corp.&#146;s own ability to pay and whether MBIA Corp. will have the necessary
resources to pay the obligations as they come due. Weighted average life is based on the Company&#146;s estimate of when the principal of the underlying collateral of the CMBS structure will be repaid. A significant increase or decrease in CMBS
spreads would result in an increase or decrease in the fair value of the derivative liability, respectively. A significant increase in weighted average life can result in an increase or decrease in the fair value of the derivative liability,
depending on the discount rate and the timing of significant losses. Any significant increase or decrease in recovery rates, or MBIA Corp.&#146;s nonperformance risk would result in a decrease or increase in the fair value of the derivative
liabilities, respectively. CMBS spreads, recovery rates, nonperformance risk and weighted average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The significant unobservable input used in the fair value measurement of MBIA Corp.&#146;s multi-sector CDO credit derivatives, which are valued using the Direct
Price Model, is nonperformance risk. The nonperformance risk is an assumption of MBIA Corp.&#146;s own ability to pay and whether MBIA Corp. will have the necessary resources to pay the obligations as they come due. Any significant increase or
decrease in MBIA Corp.&#146;s nonperformance risk would result in a decrease or increase in the fair value of the derivative liabilities, respectively. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The significant unobservable inputs used in the fair value measurement of MBIA Corp.&#146;s other credit derivatives, which are valued using the BET Model and Dual
Default, are recovery rates, nonperformance risk and weighted average life. The recovery rate represents the percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance
risk is an assumption of MBIA Corp.&#146;s own ability to pay and whether MBIA Corp. will have the necessary resources to pay the obligations as they come due. Weighted average life is based on MBIA Corp.&#146;s estimate of when the principal of the
underlying collateral will be repaid. A significant increase in weighted average life can result in an increase or decrease in the fair value of the derivative liability, depending on the discount rate and the timing of significant losses. Any
significant increase or decrease in recovery rates or MBIA Corp.&#146;s nonperformance risk would result in a decrease or increase in the fair value of the derivative liabilities, respectively. Recovery rates, nonperformance risk and weighted
average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The significant unobservable
input used in the fair value measurement of MBIA Corp.&#146;s other derivatives, which are valued using a discounted cash flow model, is the estimates of future cash flows discounted using market rates and CDS spreads. Any significant increase or
decrease in future cash flows would result in an increase or decrease in the fair value of the derivative liability, respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Fair Value Measurements </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following tables present the fair value of the Company&#146;s assets (including short-term investments) and liabilities measured and reported at fair value on a recurring basis as of March&nbsp;31, 2015 and
December&nbsp;31, 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical Assets<BR>(Level 1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Other<BR>Observable<BR>Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable<BR>Inputs<BR>(Level&nbsp;3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Counterparty<BR>and Cash<BR>Collateral<BR>Netting</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;as&nbsp;of<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">624&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">120&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">744&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,750&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,756&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">210&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">80&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">296&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,088&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,098&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,129&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,129&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">74</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">75&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">271&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">74</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">345&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">834&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,513&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">171</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,518&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Money market securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">240&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">240&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">51&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">596&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">596&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Non-insured derivative assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">28 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical&nbsp;Assets<BR>(Level
1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Other<BR>Observable<BR>Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable<BR>Inputs<BR>(Level&nbsp;3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Counterparty<BR>and Cash<BR>Collateral<BR>Netting</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;as&nbsp;of<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">63&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">189&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">192&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">737&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">737&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">63&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential loans receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,372</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,372&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other loans receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">108</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">385</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">385&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Currency derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,725&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,522&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,122&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,368&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">180</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">180&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Credit derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">207</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">210&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Non-insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">269&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(109)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">160&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Warrants</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments payable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,266&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,387</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,653&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,647&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,795</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(109)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,369&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.
</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">29 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical&nbsp;Assets</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>(Level 1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Other<BR>Observable<BR>Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable<BR>Inputs<BR>(Level&nbsp;3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Counterparty<BR>and Cash<BR>Collateral<BR>Netting</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance as of<BR>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">118&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">691&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,724&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,732&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">221</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">63&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">290&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,048&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,058&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,162&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,162&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">87</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">93&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">156&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">241&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">794&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,353&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">198</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,345&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Money market securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">428&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">428&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">729&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">729&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Non-insured derivative assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(81)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets held for sale:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">30 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical&nbsp;Assets</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>(Level 1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Other<BR>Observable<BR>Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable<BR>Inputs</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Level
3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Counterparty<BR>and Cash<BR>Collateral<BR>Netting</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance as of<BR>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">65&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">194&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">86&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">86&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">61&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential loans receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">379&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">379&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,087&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,510&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,097&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(81)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,613&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">197</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Credit derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">244&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">246&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Non-insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">248&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(81)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">167&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities held for sale:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Payable for loans purchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">323&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">323&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Warrants</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,312&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">735&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,047&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,344&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,200&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(81)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,463&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Level 3 assets at fair value as of March&nbsp;31, 2015 and December&nbsp;31, 2014 represented approximately 20% of total assets measured
at fair value. Level 3 liabilities at fair value as of March&nbsp;31, 2015 and December&nbsp;31, 2014 represented approximately 53% and 35%, respectively, of total liabilities measured at fair value. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">31 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables present the fair values and carrying values of the Company&#146;s assets and liabilities that
are disclosed at fair value but not reported at fair value on the Company&#146;s consolidated balance sheets as of March&nbsp;31, 2015 and December&nbsp;31, 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical Assets<BR>(Level 1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant Other<BR>Observable&nbsp;Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable&nbsp;Inputs<BR>(Level&nbsp;3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value<BR>Balance&nbsp;as&nbsp;of<BR>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carry&nbsp;Value<BR>Balance&nbsp;as&nbsp;of<BR>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Accrued investment
income</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Receivable for investments sold</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets held for sale:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Facility</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments held-to-maturity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">132&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,639&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,771&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,878&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">538&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">753&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">753&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">928&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,828&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Payable for investments purchased</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">71&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">71&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">71&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,776&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,776&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,184&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,240&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,424&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,107&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial Guarantees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,874&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,874&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,846&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Ceded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">103&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">103&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">61&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other assets&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other liabilities&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">32 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value Measurements at Reporting Date Using</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value<BR>Balance as of<BR>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Carry Value<BR>Balance as of<BR>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Quoted&nbsp;Prices&nbsp;in<BR>Active&nbsp;Markets&nbsp;for<BR>Identical Assets<BR>(Level 1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant&nbsp;Other<BR>Observable&nbsp;Inputs<BR>(Level 2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Significant<BR>Unobservable&nbsp;Inputs</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(Level
3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Accrued investment
income</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Receivable for investments<BR>sold</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets held for sale Facility</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments held-to-maturity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,632&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,632&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">138&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,636&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,774&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,899&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">705&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">705&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">547&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">801&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">801&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,004&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,172&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,172&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,810&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Payable for investments purchased</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,779&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,779&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,214&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,285&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,499&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,160&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial Guarantees:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,051&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,051&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,959&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Ceded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">109&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">109&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">65&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other assets&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other liabilities&#148; on MBIA&#146;s consolidated balance sheets. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">33 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables present information about changes in Level 3 assets (including short-term investments) and
liabilities measured at fair value on a recurring basis for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Changes in Level 3
Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&nbsp;31, 2015 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance,<BR>Beginning<BR>of Period</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized<BR>Gains /<BR>(Losses)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Gains /<BR>(Losses)<BR>Included<BR>in<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Gains /<BR>(Losses)<BR>Included<BR>in OCI</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign<BR>Exchange<BR>Recognized<BR>in OCI or<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Purchases</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Issuances</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Settlements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>into<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>out of<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ending<BR>Balance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>Gains<BR>(Losses)&nbsp;for<BR>the&nbsp;Period<BR>Included&nbsp;in<BR>Earnings for<BR>Assets
still<BR>held as of<BR>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Assets:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">87&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">74&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">85&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">74&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Residential mortgage- backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Loans receivable- residential</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,431&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,372&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Loans receivable- Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">379&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">385&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Currency derivatives, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,097&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">112&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(68)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(16)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,122&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance,<BR>Beginning<BR>of Period</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized<BR>(Gains) /<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>(Gains) /<BR>Losses<BR>Included<BR>in<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>(Gains) /<BR>Losses<BR>Included<BR>in OCI</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign<BR>Exchange<BR>Recognized<BR>in OCI or<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Purchases</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Issuances</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Settlements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>into<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>out of<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ending<BR>Balance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>(Gains)<BR>Losses for<BR>the
Period<BR>Included&nbsp;in<BR>Earnings&nbsp;for<BR>Liabilities<BR>still held as<BR>of March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">180&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Credit derivatives, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">244&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">207&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">VIE notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">735&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">695&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(51)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,387&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,200&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(27)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">695&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(60)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,795&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(49)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Transferred in and out at the end of the period. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">34 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the
Three Months Ended March&nbsp;31, 2014 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance,<BR>Beginning<BR>of Period</B></FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized<BR>Gains /<BR>(Losses)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Gains /<BR>(Losses)<BR>Included<BR>in<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Gains /<BR>(Losses)<BR>Included<BR>in OCI</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign<BR>Exchange<BR>Recognized<BR>in OCI or<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Purchases</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Issuances</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Settlements</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sales</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>into<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>out of<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ending<BR>Balance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>Gains<BR>(Losses)&nbsp;for<BR>the&nbsp;Period<BR>Included&nbsp;in<BR>Earnings
for<BR>Assets still<BR>held as of<BR>March&nbsp;31,<BR>2014</B></FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Assets:</FONT></P></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(19)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Residential mortgage- backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Residential mortgage- backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">82&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">115&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">58&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">85&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">62&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">64&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Residential mortgage- backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Loans receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,612&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(54)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,557&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">359&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">364&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,352&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(73)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(19)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">160&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,406&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance,<BR>Beginning<BR>of Period</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized<BR>(Gains) /<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>(Gains) /<BR>Losses<BR>Included<BR>in<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>(Gains) /<BR>Losses<BR>Included<BR>in OCI</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign<BR>Exchange<BR>Recognized<BR>in OCI or<BR>Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Purchases</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Issuances</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Settlements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sales</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>into<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Transfers<BR>out of<BR>Level
3<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ending<BR>Balance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>(Gains)<BR>Losses for<BR>the
Period<BR>Included&nbsp;in<BR>Earnings&nbsp;for<BR>Liabilities<BR>still held as<BR>of March&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Liabilities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">203&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">215&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Credit derivatives, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,147&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">339&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(838)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(339)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">309&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(30)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other derivatives, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Liabilities of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">VIE notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">940&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(105)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(41)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">812&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Currency derivatives, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,301&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">369&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(813)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(444)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(41)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,372&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Transferred in and out at the end of the period. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">35 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Transfers out of Level 3 and into Level 2 were $11 million for the three months ended March&nbsp;31, 2015. There
were no transfers into Level 3 or out of Level 2. Other ABS and state and municipal bonds, comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their valuation, became observable during the
quarter. These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or out of Level 1. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Transfers into and out of Level 3 were $160 million and $14 million, respectively, for the three months ended March&nbsp;31, 2014. Transfers into and out of Level
2 were $14 million and $160 million, respectively, for the three months ended March&nbsp;31, 2014. Transfers into Level 3 were principally related to state and municipal bonds, CDOs, RMBS agency, other ABS and corporate obligations where inputs,
which are significant to their valuation, became unobservable during the quarter. CDOs and RMBS non-agency comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their valuation, became observable
during the quarter. These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or out of Level 1.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">All Level 1, 2 and 3 designations are made at the end of each accounting period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Gains and losses (realized and unrealized) included in earnings related to Level 3 assets and liabilities for the three months ended March&nbsp;31, 2015 and 2014 are reported on the Company&#146;s consolidated
statements of operations as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Gains<BR>(Losses)<BR>Included<BR>in&nbsp;Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>Gains&nbsp;(Losses)<BR>for the<BR>Period&nbsp;Included</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>in Earnings</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>for
Assets</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Liabilities still<BR>held as
of<BR>March&nbsp;31,</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Gains<BR>(Losses)<BR>Included</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>in
Earnings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in<BR>Unrealized<BR>Gains (Losses)<BR>for the</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Period
Included</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>in Earnings</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>for Assets</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Liabilities still<BR>held as of<BR>March&nbsp;31,</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">838&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(369)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">61&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">433&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">36 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 6: Fair Value of Financial Instruments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Fair Value Option </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company elected to record at fair value certain financial instruments that have been consolidated in connection with the adoption of the accounting guidance for consolidation of VIEs, among others. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the changes in fair value included in the Company&#146;s consolidated statements of operations for the three months ended
March&nbsp;31, 2015 and 2014 for financial instruments for which the fair value option was elected: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments carried at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity securities held at fair value- VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(38)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage loans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(58)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(56)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loan repurchase commitments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">121</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT>
</TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:4%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Net gains (losses) of financial instruments at fair value and foreign exchange&#148; on MBIA&#146;s consolidated statements of operations.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&#148; on MBIA&#146;s consolidated statements of operations.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance
outstanding as of March&nbsp;31, 2015 and December&nbsp;31, 2014 for loans and notes for which the fair value option was elected: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Contractual<BR>Outstanding<BR>Principal</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Difference</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Contractual<BR>Outstanding<BR>Principal</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Difference</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loans receivable at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage loans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,478&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,320&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">158&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,554&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,377&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">177&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage loans (90 days or more past due)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">220&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">168&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">227&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">173&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other loans</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">108&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">721&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">711&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other loans (90 days or more past due)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">70&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">70&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total loans receivable at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,480&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">396&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,502&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,142&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">360&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,000&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,653&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,347&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,584&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,479&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">215&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">180&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">242&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Substantially all gains and losses included in earnings during the periods ended March&nbsp;31, 2015 and 2014 on loans receivable
and VIE notes reported in the preceding table are attributable to credit risk. This is primarily due to the high rate of defaults on loans and the collateral supporting the VIE notes, resulting in depressed pricing of the financial instruments.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">37 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments, excluding those elected under the fair value option, include debt and equity securities classified as either available-for-sale
(&#147;AFS&#148;) or HTM. Other AFS investments primarily comprised money market funds. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables present the amortized cost, fair value,
corresponding gross unrealized gains and losses and other-than-temporary impairments (&#147;OTTI&#148;) for AFS and HTM investments in the Company&#146;s consolidated investment portfolio as of March&nbsp;31, 2015 and December&nbsp;31, 2014:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amortized<BR>Cost</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross<BR>Unrealized<BR>Gains</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross<BR>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Other-Than-<BR>Temporary<BR>Impairments<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP>
</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AFS Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">680&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">722&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,644&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">112&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,752&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">289&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">296&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,018&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(103)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,970&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(100)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,076&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,092&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">96&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">74&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">332&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">322&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,205&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">245&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(151)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,299&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(104)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Money market securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">227&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">227&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total AFS investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,444&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">246&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(151)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,539&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(104)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>HTM Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">75&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total HTM investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">75&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair
value of such impaired securities reported in AOCI. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">38 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amortized<BR>Cost</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross<BR>Unrealized<BR>Gains</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross<BR>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Other-Than-<BR>Temporary<BR>Impairments<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP>
</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AFS Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">631&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">667&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,644&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">94&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,730&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">283&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">290&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,984&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(92)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,936&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(86)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,116&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,126&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">231&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">222&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,075&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">208&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,136&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(90)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Money market securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">422&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">422&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total AFS investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,509&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">209&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,571&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(90)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>HTM Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,632&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total HTM investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,757&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,632&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair
value of such impaired securities reported in AOCI. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the distribution by contractual maturity of AFS and HTM
fixed-maturity securities at amortized cost and fair value as of March&nbsp;31, 2015. Contractual maturity may differ from expected maturity as borrowers may have the right to call or prepay obligations. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AFS Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>HTM Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Consolidated VIEs</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amortized<BR>Cost</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amortized<BR>Cost</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Due in one year or less</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">839&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">841&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Due after one year through five years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,420&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,449&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Due after five years through ten years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">905&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">943&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Due after ten years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,467&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,507&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed and asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,574&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,559&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,205&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,299&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,742&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,635&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Deposited and Pledged Securities </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The fair value of securities on deposit with various regulatory authorities as of March&nbsp;31, 2015 and December&nbsp;31, 2014 was $10 million for both periods. These deposits are required to comply with state
insurance laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment agreement obligations require the Company to pledge securities as collateral. Securities pledged in connection with
investment agreements may not be repledged by the investment agreement counterparty. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the fair value of securities pledged as collateral for these investment agreements approximated $530 million
and $532 million, respectively. The Company&#146;s collateral as of March&nbsp;31, 2015 consisted principally of U.S. Treasury and government agency bonds and RMBS, and was primarily held with major U.S. banks. Additionally, the Company pledged cash
and money market securities as collateral under investment agreements in the amount of $27 million and $26 million as of March&nbsp;31, 2015 and December&nbsp;31, 2014, respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">39 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Impaired Investments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following tables present the gross unrealized losses related to AFS and HTM investments as of March&nbsp;31, 2015 and December&nbsp;31, 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Less&nbsp;than&nbsp;12&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>12 Months or Longer</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AFS Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">127&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">133&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">73&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">206&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">363&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">94&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(102)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">457&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(103)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">154&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">205&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">359&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">87&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">814&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">542&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,356&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(151)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total AFS investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">818&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">542&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,360&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(151)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>HTM Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total HTM investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(182)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="24"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Less&nbsp;than&nbsp;12&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>12 Months or Longer</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized<BR>Losses</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AFS Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fixed-maturity investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. Treasury and government agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">197&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">175&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">372&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">State and municipal bonds</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">60&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">257&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">317&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign governments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">468&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">251&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(91)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">719&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(92)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">387&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">403&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Residential mortgage-backed non-agency</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Commercial mortgage-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Collateralized debt obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">81&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">82&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other asset-backed</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:4.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fixed-maturity investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">845&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,220&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,065&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Perpetual debt and equity securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total AFS investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">851&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,220&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,071&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>HTM Investments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assets of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">373&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">373&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total HTM investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">373&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">373&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">40 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross unrealized losses on AFS securities increased as of March&nbsp;31, 2015 compared with December&nbsp;31, 2014
primarily due to decline in price related to a corporate obligation security that incurred liquidity concerns, downgrades in credit and other adverse financial conditions, partially offset by market price appreciation driven by lower interest rates.
Gross unrealized losses on HTM securities decreased as of March&nbsp;31, 2015 compared with December&nbsp;31, 2014 primarily due to market price appreciation caused by the narrowing of credit spreads. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">With the weighting applied on the fair value of each security relative to the total fair value, the weighted average contractual maturity of securities in an
unrealized loss position as of March&nbsp;31, 2015 and December&nbsp;31, 2014 was 16 and 13 years, respectively. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, there were 71 and 143 securities, respectively, that were in an unrealized loss
position for a continuous twelve-month period or longer, of which the fair values of 15 and 23 securities, respectively, were below book value by more than 5%. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month period or longer where fair value was below book value by more than 5% as of March&nbsp;31,
2015: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AFS Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>HTM Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percentage of Fair Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Number&nbsp;of</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Book Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Number&nbsp;of</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Book Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Below Book Value</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in&nbsp;millions)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in&nbsp;millions)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Securities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in&nbsp;millions)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in&nbsp;millions)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">&gt; 5% to 15%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">&gt; 15% to 25%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">&gt; 25% to 50%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">575&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">&gt; 50%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">130&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">239&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">100&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">575&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the fair value and gross unrealized loss by credit rating category of ABS, MBS and corporate
obligations included in the Company&#146;s consolidated AFS investment portfolio as of March&nbsp;31, 2015 for which fair value was less than amortized cost. The credit ratings are based on ratings from Moody&#146;s as of March&nbsp;31, 2015 or an
alternate ratings source, such as S&amp;P, when a security is not rated by Moody&#146;s. For investments that are insured by various third-party guarantee insurers, the credit rating reflects the higher of the insurer&#146;s rating or the underlying
bond&#146;s rating. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Below</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In<BR>millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Aaa</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Aa</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Baa</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment&nbsp;Grade</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Not Rated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Asset&nbsp;Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">ABS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">58&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">156&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(34)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">MBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">358&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">388&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Corporate obligations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">174&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">121&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">129&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(100)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">457&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(103)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">574&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">173&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">132&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">75&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(104)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,001&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The total ABS, MBS and corporate obligations reported in the preceding table include those which are guaranteed by financial
guarantors. In addition, the following table presents information on ABS and MBS guaranteed by the Company and third-party financial guarantors. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insured&nbsp;Securities&nbsp;Rated&nbsp;Below<BR>Investment Grade without
the<BR>Effect&nbsp;of&nbsp;Guarantee</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Average Credit Rating with the</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Average&nbsp;Credit&nbsp;Rating&nbsp;without&nbsp;the</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in&nbsp;millions)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Asset Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Effect of Guarantee</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Effect of Guarantee</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percentage</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">ABS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Baa</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Below Investment Grade</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">57&nbsp;%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">MBS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Below Investment Grade</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Below Investment Grade</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">100&nbsp;%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to the table in the &#147;Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors&#148;
section within the OTTI section of this note for information on the insured securities included in the table above. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company concluded that it does
not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it would not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash flow
projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other
plans as of March&nbsp;31, 2015 that would require the sale of impaired securities. Impaired securities that the Company intends to sell before the expected recovery of such securities&#146; fair values have been written down to fair value.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">41 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Other-Than-Temporary Impairments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Evaluating AFS Securities for OTTI </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has an ongoing review process for all securities in its
investment portfolio, including a quarterly assessment of OTTI. This evaluation includes both qualitative and quantitative considerations. In assessing whether a decline in value is related to a credit loss, the Company considers several factors,
including but not limited to (i)&nbsp;the magnitude and duration of declines in fair value; (ii)&nbsp;the reasons for the declines in fair value, such as general credit spread movements in each asset-backed sector, transaction-specific changes in
credit spreads, credit rating downgrades, modeled defaults, and principal and interest payment priorities within each investment structure; and (iii)&nbsp;any guarantees associated with a security such as those provided by financial guarantee
insurance companies, including MBIA Corp. and National. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In calculating credit-related losses, the Company utilizes cash flow modeling based on the type
of security. The Company&#146;s cash flow analysis considers all sources of cash, including credit enhancement, that support the payment of amounts owed by an issuer of a security. This includes the consideration of cash expected to be provided by
financial guarantors, including MBIA Corp., resulting from an actual or potential insurance policy claim. In general, any change in the amount and/or timing of cash flows received or expected to be received, whether or not such cash flows are
contractually defined, is reflected in the Company&#146;s cash flow analysis for purposes of assessing an OTTI loss on an impaired security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Each
quarter, an internal committee, comprising staff that is independent of the Company&#146;s evaluation process for determining OTTI of securities, reviews and approves the valuation of investments. Among other responsibilities, this committee ensures
that the Company&#146;s process for identifying and calculating OTTI, including the use of models and assumptions, is reasonable and complies with the Company&#146;s internal policy. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Determination of Credit Loss on ABS, MBS and Corporate Obligations </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">ABS investments are evaluated for OTTI
using historical collateral performance, deal waterfall and structural protections, credit ratings, and forward looking projections of collateral performance based on business and economic conditions specific to each collateral type and risk. The
underlying collateral is evaluated to identify any specific performance concerns, and stress scenarios are considered in forecasting ultimate returns of principal. Based on this evaluation, if a principal default is projected for a security,
estimated future cash flows are discounted at the security&#146;s interest rate used to recognize interest income on the security. For CDO investments, the Company utilizes the same tools as its RMBS investments discussed below, aggregating the bond
level cash flows to the CDO investment level. If the present value of cash flows is less than the Company&#146;s amortized cost for the security, the difference is recorded as an OTTI loss. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">RMBS investments are evaluated for OTTI using several quantitative tools. Loan level data is obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model utilizes macro
inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, which considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment.
The expected cash flows of the security are then discounted at the interest rate used to recognize interest income of the security to arrive at a present value amount. If the present value of the cash flows is less than the Company&#146;s amortized
cost for the investment, the difference is recorded as an OTTI loss. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate obligation investments are evaluated for OTTI using credit analysis
techniques. The Company&#146;s analysis includes a detailed review of a number of quantitative and qualitative factors impacting the value of an individual security. These factors include the interest rate of the security (fixed or floating), the
security&#146;s current market spread, any collateral supporting the security, the security&#146;s position in the issuer&#146;s capital structure, and credit rating upgrades or downgrades. Additionally, these factors include an assessment of
various issuer-related credit metrics including market capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity, management and a third-party quantitative default probability model. The Company&#146;s analysis is
augmented by comparing market prices for similar securities of other issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that a principal
default is projected, a recovery analysis is performed using the above data. If the Company&#146;s estimated recovery value for the security is less than its amortized cost, the difference is recorded as an OTTI loss. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">42 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 7: Investments (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company does not record OTTI related to credit concerns about issuers of securities insured by MBIA Corp. and National since investors in these securities,
including MBIA, are guaranteed payment of principal and interest when due by MBIA. Securities insured by the Company, whether or not owned by the Company, are evaluated for impairment as part of its insurance surveillance process and, therefore,
losses on securities insured by the Company are recorded in accordance with its loss reserving policy. Refer to &#147;Note 2: Significant Accounting Policies&#148; in the Notes to Consolidated Financial Statements included in the Company&#146;s
Annual Report on Form 10-K for the year ended December&nbsp;31, 2014 for information about the Company&#146;s loss reserving policy and &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; for information about loss reserves. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In considering cash expected to be provided from other third-party financial guarantors, the Company assesses the financial guarantor&#146;s ability to make claim
payments under a variety of scenarios that test the guarantor&#146;s ultimate claims paying ability. The weighted average outcome of these scenarios, combined with the cash flows provided by the insured security, are used to determine the
recoverability of the Company&#146;s amortized cost. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table provides information about securities held by the Company as of March&nbsp;31,
2015 that were in an unrealized loss position and insured by a financial guarantor, along with the amount of insurance loss reserves corresponding to the par amount owned by the Company: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance&nbsp;Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Reserve&nbsp;<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asset-backed:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">97&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">38&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mortgage-backed:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">128&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(36)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes investments insured by MBIA Corp. and National. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Credit Loss Rollforward </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The portion of certain OTTI losses
on fixed-maturity securities that does not represent credit losses is recognized in accumulated other comprehensive income (loss) (&#147;AOCI&#148;). For these impairments, the net amount recognized in earnings represents the difference between the
amortized cost of the security and the net present value of its projected future discounted cash flows prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in AOCI. The following table presents the
amount of credit loss impairments recognized in earnings on fixed-maturity securities held by MBIA as of the dates indicated, for which a portion of the OTTI losses was recognized in AOCI, and the corresponding changes in such amounts. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B><U>In millions</U></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Credit Losses Recognized in Earnings Related to Other-Than-Temporary
Impairments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Beginning balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">175&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reductions for credit loss impairments previously recognized on securities sold during the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reductions for increases in cash flows expected to be collected over the remaining life of the security</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Ending balance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Sales of Available-for-Sale Investments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Gross realized gains and losses are recorded within &#147;Net gains (losses) on financial instruments at fair value and foreign exchange&#148; on the Company&#146;s consolidated statements of operations. The
proceeds and the gross realized gains and losses from sales of fixed-maturity securities held as AFS for the three months ended March&nbsp;31, 2015 and 2014 are as follows: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Proceeds from sales</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">192&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross realized gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross realized losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">43 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 8: Derivative Instruments </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Overview </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA has entered into
derivative instruments through its financial guarantee of CDS and for purposes of managing risks associated with existing assets and liabilities. In certain instances, the Company purchased or issued securities that contain embedded derivatives that
were separated from the host contract and accounted for as derivative instruments. In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#146;s embedded derivative
instruments is determined by the location of the related security. Derivative instruments are recorded at fair value on the Company&#146;s consolidated balance sheets with the changes in fair value recorded on the Company&#146;s consolidated
statements of operations within &#147;Unrealized gains (losses) on insured derivatives,&#148; for the insured derivatives, or &#147;Net gains (losses) on financial instruments at fair value and foreign exchange&#148; for the embedded derivatives.
Refer to &#147;Note 6: Fair Value of Financial Instruments&#148; for the method of determining the fair value of derivative instruments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>U.S. Public
Finance Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured interest
rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception and are accounted for as derivative instruments. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>International and Structured Finance Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company
entered into derivative instruments that it viewed as an extension of its core financial guarantee business that do not qualify for the financial guarantee scope exception and, therefore, are accounted for as derivative instruments. These insured
CDS contracts, primarily referencing corporate, asset-backed, residential mortgage-backed, commercial mortgage-backed, CRE loans and CDO securities, are intended to be held for the entire term of the contract absent a negotiated settlement with the
counterparty. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Changes in the fair value of derivatives, excluding insured derivatives, are recorded each period in current earnings within &#147;Net
gains (losses) on financial instruments at fair value and foreign exchange.&#148; Changes in the fair value of insured derivatives are recorded each period in current earnings within &#147;Net change in fair value of insured derivatives.&#148; The
net change in the fair value of the Company&#146;s insured derivatives has two primary components: (i)&nbsp;realized gains (losses) and other settlements on insured derivatives and (ii)&nbsp;unrealized gains (losses) on insured derivatives.
&#147;Realized gains (losses) and other settlements on insured derivatives&#148; include (i)&nbsp;premiums received and receivable on sold CDS contracts, (ii)&nbsp;premiums paid and payable to reinsurers in respect to CDS contracts, (iii)&nbsp;net
amounts received or paid on reinsurance commutations, (iv)&nbsp;losses paid and payable to CDS contract counterparties due to the occurrence of a credit event or settlement agreement, (v)&nbsp;losses recovered and recoverable on purchased CDS
contracts due to the occurrence of a credit event or settlement agreement and (vi)&nbsp;fees relating to CDS contracts. &#147;Unrealized gains (losses) on insured derivatives&#148; includes all other changes in fair value of the insured derivative
contracts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has also entered into a derivative contract as a result of a commutation occurring in 2014. Changes in the fair value of the
Company&#146;s non-insured derivative are included in &#147;Net gains (losses) on financial instruments at fair value and foreign exchange&#148; on the Company&#146;s consolidated statements of operations. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Variable Interest Entities </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">VIEs consolidated by the Company
have entered into derivative instruments consisting of interest rate swaps, interest rate caps and cross currency swaps. Interest rate swaps and interest rate caps are entered into to mitigate the risks associated with fluctuations in interest rates
or fair values of certain contracts. Cross currency swaps are entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Corporate </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has entered into derivative instruments primarily consisting of interest rate swaps.
Interest rate swaps are entered into to manage the risks associated with fluctuations in interest rates or fair values of certain contracts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Changes in
the fair value of these derivatives are recorded on the Company&#146;s consolidated statements of operations within &#147;Net gains (losses) on financial instruments at fair value and foreign exchange.&#148; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">44 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 8: Derivative Instruments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Credit Derivatives Sold </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following tables present information about credit derivatives sold by the Company&#146;s insurance operations that were outstanding as of March&nbsp;31, 2015 and December&nbsp;31, 2014. Credit ratings represent
the lower of underlying ratings assigned to the collateral by Moody&#146;s, S&amp;P or MBIA. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notional Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Credit Derivatives Sold</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Weighted<BR>Average<BR>Remaining<BR>Expected<BR>Maturity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AAA</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AA</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>BBB</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Below<BR>Investment<BR>Grade</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total<BR>Notional</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value<BR>Asset<BR>(Liability)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.4&nbsp;Years</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,846&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">968&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">146&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,126&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,086&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19.5&nbsp;Years</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">115&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,778&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">961&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,877&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total notional</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,846&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">115&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,746&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,107&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,149&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11,963&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(204)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(210)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notional Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Credit Derivatives Sold</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Weighted<BR>Average<BR>Remaining<BR>Expected<BR>Maturity</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AAA</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>AA</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>A</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>BBB</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Below<BR>Investment<BR>Grade</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total<BR>Notional</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value<BR>Asset<BR>(Liability)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.6&nbsp;Years</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,914&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">246&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">968&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">193&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,160&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9,481&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(244)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16.7&nbsp;Years</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">117&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,935&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">970&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,044&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total notional</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,914&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">363&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,903&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,163&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,182&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13,525&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(240)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(246)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Internal credit ratings assigned by MBIA on the underlying collateral are derived by the Company&#146;s surveillance group. In
assigning an internal rating, current status reports from issuers and trustees, as well as publicly available transaction-specific information, are reviewed. Also, where appropriate, cash flow analyses and collateral valuations are considered. The
maximum potential amount of future payments (undiscounted) on CDS contracts are estimated as the notional value plus any additional debt service costs, such as interest or other amounts owing on CDS contracts. The maximum amount of future payments
that MBIA may be required to make under these guarantees as of March&nbsp;31, 2015 is $8.3 billion. The maximum potential amount of future payments (undiscounted) on insured swaps are estimated as the notional value of such contracts. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA may hold recourse provisions with third parties in derivative instruments through both reinsurance and subrogation rights. MBIA&#146;s reinsurance
arrangements provide that in the event MBIA pays a claim under a guarantee of a derivative contract, MBIA has the right to collect amounts from any reinsurers that have reinsured the guarantee on either a proportional or non-proportional basis,
depending upon the underlying reinsurance agreement. MBIA may also have recourse through subrogation rights whereby if MBIA makes a claim payment, it may be entitled to any rights of the insured counterparty, including the right to any assets held
as collateral. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Counterparty Credit Risk </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative instruments in the corporate
segment. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which
typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or termination in the event either MBIA or the counterparty is downgraded below a specified credit rating. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">45 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 8: Derivative Instruments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Under these agreements, the Company may receive or provide U.S. Treasury and other highly rated securities or cash
to secure counterparties&#146; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for replacing the counterparty in the event that the counterparty defaults. As of
March&nbsp;31, 2015, the Company did not hold cash collateral to derivative counterparties but posted cash collateral to derivative counterparties of $127 million. Of this amount, $108 million is netted within &#147;Derivative liabilities&#148; and
$19 million is included within &#147;Other liabilities&#148; as cash collateral netted against accrued interest on derivative liabilities. As of December&nbsp;31, 2014, the Company did not hold cash collateral to derivative counterparties but posted
cash collateral to derivative counterparties of $12 million. All of the $12 million is included within &#147;Other liabilities&#148; as cash collateral netted against accrued interest on derivative liabilities. As of March&nbsp;31, 2015, the Company
had securities with a fair value of $215 million posted to derivative counterparties and this amount is included within &#147;Fixed-maturity securities held as available-for-sale, at fair value&#148; on the Company&#146;s consolidated balance sheet.
As of December&nbsp;31, 2014, the Company had securities with a fair value of $198 million posted to derivative counterparties and this amount is included within &#147;Fixed-maturity securities held as available-for-sale, at fair value&#148; on the
Company&#146;s consolidated balance sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the fair value on one Credit Support Annex
(&#147;CSA&#148;) was $1 million and $2 million, respectively. This CSA governs collateral posting requirements between MBIA and its derivative counterparties. The Company did not receive collateral due to the Company&#146;s credit rating, which was
below the CSA minimum credit ratings level for holding counterparty collateral. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the counterparty was rated A2 by Moody&#146;s and A by S&amp;P. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Financial Statement Presentation </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair value of
amounts recognized for eligible derivative contracts executed with the same counterparty under a master netting agreement, including any cash collateral that may have been received or posted by the Company, is presented on a net basis in accordance
with accounting guidance for the offsetting of fair value amounts related to derivative instruments. Insured CDS and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any
master netting agreements. Counterparty netting of derivative assets and liabilities offsets balances in &#147;Interest rate swaps&#148; as of March&nbsp;31, 2015 and December&nbsp;31, 2014. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the total fair value of the Company&#146;s derivative assets, after counterparty netting of $1 million, was $13 million, of which $6 million was reported within &#147;Other assets&#148;
on the Company&#146;s consolidated balance sheets. Embedded derivatives of $7 million were reported within &#147;Medium-term notes&#148; on the Company&#146;s consolidated balance sheets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the total fair value of the Company&#146;s derivative liabilities, after counterparty netting of $1 million and cash collateral posted by the company of $108 million, was $481 million, of
which $467 million was reported within &#147;Derivative liabilities&#148; and &#147;Derivative liabilities&#148; presented under &#147;Liabilities of consolidated variable interest entities&#148; on the Company&#146;s consolidated balance sheets.
Embedded derivatives of $14 million were reported within &#147;Medium-term notes&#148; on the Company&#146;s consolidated balance sheets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following
table presents the total fair value of the Company&#146;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting and posting of cash collateral, as of March&nbsp;31, 2015: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Assets
<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Liabilities
<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Instruments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notional<BR>Amount<BR>Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;Sheet&nbsp;Location</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;Sheet&nbsp;Location</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Not designated as hedging instruments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,086&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other&nbsp;assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,877&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,179&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(269)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">903&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;assets-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;liabilities-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps-embedded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">392&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="white-space:nowrap">Medium-term&nbsp;notes</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Currency swaps-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">241&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other-embedded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total non-designated derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14,862&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(590</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#146;s embedded derivative instruments is
determined by the location of the related host contract. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">46 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 8: Derivative Instruments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of December&nbsp;31, 2014, the total fair value of the Company&#146;s derivative assets, after counterparty
netting of $81 million, was $10 million, of which $2 million was reported within &#147;Other assets&#148; on the Company&#146;s consolidated balance sheets. Embedded derivatives of $8 million were reported within &#147;Medium-term notes&#148; on the
Company&#146;s consolidated balance sheets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of December&nbsp;31, 2014, the total fair value of the Company&#146;s derivative liabilities, after
counterparty netting of $81 million was $456 million, of which $437 million was reported within &#147;Derivative liabilities&#148; and &#147;Derivative liabilities&#148; presented under &#147;Liabilities of consolidated variable interest
entities&#148; on the Company&#146;s consolidated balance sheets. Embedded derivatives of $19 million were reported within &#147;Medium-term notes&#148; and &#147;Other investments&#148; on the Company&#146;s consolidated balance sheets. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the total fair value of the Company&#146;s derivative assets and liabilities by instrument and balance sheet location, before
counterparty netting and posting of cash collateral, as of December&nbsp;31, 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Assets
<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Liabilities
<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivative Instruments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notional<BR>Amount<BR>Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;Sheet&nbsp;Location</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Balance&nbsp;Sheet&nbsp;Location</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Not designated as hedging instruments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9,481&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other&nbsp;assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(244)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,044&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,450&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(248)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps-embedded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">437&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(19)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Currency swaps-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">91&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative assets-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">241&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;assets-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Derivative&nbsp;liabilities-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other-embedded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total non-designated derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,839&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">91&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(537</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#146;s embedded derivative instruments is
determined by the location of the related host contract. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the effect of derivative instruments on the
consolidated statements of operations for the three months ended March&nbsp;31, 2015: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivatives Not Designated as Hedging Instruments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Location of Gain (Loss) Recognized in Income on
Derivative</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net&nbsp;Gain&nbsp;(Loss)<BR>Recognized in<BR>Income</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(107)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Currency swaps-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(72)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">47 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 8: Derivative Instruments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the effect of derivative instruments on the consolidated statements of operations for
the three months ended March&nbsp;31, 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Derivatives Not Designated as Hedging Instruments</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Location of Gain (Loss) Recognized in Income on
Derivative</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net&nbsp;Gain&nbsp;(Loss)<BR>Recognized in<BR>Income</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">823&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured credit default swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(339)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest rate swaps</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Currency swaps-VIE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">All other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(30)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">451&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 9: Income Taxes </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s income taxes and the related effective tax rates for the three months ended March&nbsp;31, 2015 and 2014 are as follows:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">404&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Effective tax rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">38.9%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36.6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015, the Company&#146;s effective tax rate applied to its income before income taxes was
higher than the U.S. statutory tax rate primarily as a result of the non-deductibility of the change in fair value of the warrants. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three
months ended March&nbsp;31, 2014, the Company&#146;s effective tax rate applied to its income before income taxes was higher than the U.S. statutory tax rate primarily as a result of certain non-tax deductible expenses and the increase in the
valuation allowance against its deferred tax asset. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s provision for income taxes for interim financial periods is not based on an
estimated annual effective rate due to the variability in fair value of its derivative liabilities, which prevents the Company from projecting a reliable estimated annual effective tax rate and income before income taxes for the full year of 2015. A
discrete calculation of the provision is calculated for each interim period. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Deferred Tax Asset, Net of Valuation Allowance </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company establishes a valuation allowance against its deferred tax asset when it is more likely than not that all or a portion of the deferred tax asset will
not be realized. All evidence, both positive and negative, needs to be identified and considered in making the determination. Future realization of the existing deferred tax asset ultimately depends, in part, on the generation of sufficient taxable
income of appropriate character (for example, ordinary income versus capital gains) within the carryforward period available under the tax law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of
March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company&#146;s net deferred tax asset was $1.0 billion, with no valuation allowance as a result of a tax planning strategy to use unrealized gains that are included in &#147;Accumulated other
comprehensive income (loss)&#148; on the Company&#146;s consolidated balance sheets against the deferred tax asset related to any remaining asset impairments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">In accordance with accounting guidance for income taxes, the netting of deferred taxes between different taxpaying jurisdictions is not permitted. As of March&nbsp;31, 2015, there was also a non U.S. deferred tax
liability of $15 million included in &#147;Other liabilities&#148; on the Company&#146;s consolidated balance sheet. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">48 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 9: Income Taxes (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Tax Sharing Agreement </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company has a tax sharing agreement among its members effective January&nbsp;1, 1987. The agreement was amended and restated effective September&nbsp;8, 2011 to change the method of calculating each domestic
insurer&#146;s tax liability to the method permitted by paragraph 3(a) of Department Circular Letter #33 (1979). The agreement was submitted to the NYSDFS for review and non-disapproval pursuant to Section&nbsp;1505 of the New York Insurance Law
(&#147;NYIL&#148;). The Company&#146;s tax sharing agreement is filed as an exhibit to the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014, for informational purposes only. Refer to &#147;Note 2: Significant
Accounting Policies&#148; in the Notes to Consolidated Financial Statements included in the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014, for further discussion on the Company&#146;s tax sharing agreement.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Accounting for Uncertainty in Income Taxes </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s policy is to record and disclose any change in unrecognized tax benefit (&#147;UTB&#148;) and related interest and/or penalties to income tax in
the consolidated statements of operations. The Company includes interest as a component of income tax expense. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the Company had no UTB outstanding. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA and its U.S. subsidiaries file a U.S. consolidated federal income tax return. Federal income tax returns for 2011 through 2013 are subject to examination.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The tax authorities in the United Kingdom have been auditing MBIA UK for tax years 2005 through 2012. In April of 2015, MBIA UK received correspondence
from the HM Revenue&nbsp;&amp; Customs closing the audit for the years under examination with no change in taxable income. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015,
the Company&#146;s net operating loss (&#147;NOL&#148;) is approximately $3.1 billion. The NOL will expire between tax years 2029 through 2034. As of March&nbsp;31, 2015, the Company has an alternative minimum tax credit carryforward of $22 million,
which does not expire. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 10: Business Segments </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As defined by segment reporting, an operating segment is a component of a company (i)&nbsp;that engages in business activities from which it
earns revenue and incurs expenses, (ii)&nbsp;whose operating results are regularly reviewed by the Chief Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and,
(iii)&nbsp;for which discrete financial information is available. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company manages its businesses across three operating segments: 1) U.S. public
finance insurance; 2) international and structured finance insurance; and 3) corporate. The Company&#146;s U.S. public finance insurance business is operated through National and its international and structured finance insurance business is
operated through MBIA Corp. Prior to 2015, the Company managed two other operating segments, advisory services and conduit. During 2014, the Company dissolved its conduit segment by extinguishing the remaining liabilities of the segment and
liquidating the Company&#146;s remaining conduit, Meridian, and effective January&nbsp;1, 2015, the Company exited its advisory services business with the completed sale of Cutwater to a subsidiary of The Bank of New York Mellon Corporation.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following sections provide a description of each of the Company&#146;s reportable operating segments. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>U.S. Public Finance Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s U.S.
public finance insurance segment is principally conducted through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S.
public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at its discretion, to accelerate insured obligations upon default or otherwise. National issues financial
guarantees for municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities
and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported
by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">49 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 10: Business Segments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>International and Structured Finance Insurance </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s international and structured finance insurance segment is principally conducted through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable
guarantees of the payment of principal of, and interest or other amounts owing on, non-U.S. public finance and global structured finance insured obligations when due, or in the event MBIA Corp. has the right, at its discretion, to accelerate insured
obligations upon default or otherwise, upon MBIA Corp.&#146;s acceleration. Certain guaranteed investment contracts written by MBIA Inc. are insured by MBIA Corp., and if MBIA Inc. were to have insufficient assets to pay amounts due upon maturity or
termination, MBIA Corp. would make such payments. MBIA Corp. also insures debt obligations of the following affiliates: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Inc.; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Global Funding, LLC (&#147;GFL&#148;); </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Investment Management Corp. (&#147;IMC&#148;); and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">LaCrosse Financial Products, LLC, a wholly-owned affiliate, in which MBIA Corp. has written insurance policies guaranteeing the obligations under CDS, including
termination payments that may become due upon certain events including the insolvency or payment default of the financial guarantor or the CDS issuer. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. insures non-U.S. public finance and global structured finance, including asset-backed obligations. MBIA Corp. has insured sovereign-related and sub-sovereign bonds, utilities, privately issued bonds used
for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations
typically are securities repayable from expected cash flows generated by a specified pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and
leases for equipment, aircraft and real estate property. The Company is no longer insuring new credit derivative contracts except for transactions related to the reduction of existing derivative exposure. MBIA Corp. has not written any meaningful
amount of business since 2008. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Corporate </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
Company&#146;s corporate segment consists of general corporate activities, including providing general support services to MBIA&#146;s other operating businesses and asset and debt management. General support services are provided by the
Company&#146;s service company, MBIA Services Corporation (&#147;MBIA Services&#148;). MBIA Services provides various support services including, among others, management, legal, accounting, treasury, information technology, and insurance portfolio
surveillance, on a fee-for-service basis. Debt management includes activities related to servicing obligations issued by MBIA Inc. and its subsidiaries, IMC and GFL. MBIA Inc. issued debt to finance the operations of the MBIA group. IMC, along with
MBIA Inc., provided customized investment agreements, guaranteed by MBIA Corp., for bond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. It also
provided customized products for funds that are invested as part of asset-backed or structured product transactions. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by MBIA Corp. GFL lent the
proceeds of these MTN issuances to MBIA Inc. The company ceased issuing these investment agreements and MTNs and the outstanding liability balances and corresponding asset balances have declined over time as liabilities mature, terminate or are
retired. All of the debt within the corporate segment is managed collectively and is serviced by the financial resources available to MBIA Inc. Asset management activities provide for opportunities in investments and provide general liquidity
support to MBIA Inc. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Advisory Services </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
advisory services segment primarily consisted of the operations of Cutwater Investor Services Corp. and Cutwater Asset Management Corp. and was a fee-for-service investment management business focused on fixed-income markets. Effective with the
January&nbsp;1, 2015 sale of Cutwater, MBIA has no business activities within its advisory services segment. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Conduit </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s conduit segment was operated through Meridian and administered through MBIA Asset Finance, LLC. Assets financed by Meridian were funded by MTNs.
In 2014, the Company extinguished the remaining liabilities of this segment and liquidated Meridian. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">50 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 10: Business Segments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Segments Results </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following tables provide the Company&#146;s segment results for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


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<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three Months Ended March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>U.S.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>International</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Public</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and&nbsp;Structured</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Corporate</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Consolidated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">139&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Inter-segment
revenues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(44)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">114&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">72&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(44)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">219&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expenses of consolidated VIEs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Inter-segment
expenses</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(43)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(43)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">106&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">86&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">57&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Identifiable assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,859&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,578&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,737&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3,259)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,915&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three Months Ended March&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>U.S.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>International</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Public</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and&nbsp;Structured</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Advisory</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Corporate</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Services</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Conduit</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Eliminations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Consolidated</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">142&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">468&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">469&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(52)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(55)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on extinguishment of debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Inter-segment
revenues</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">529&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(30)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">577&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">64&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expenses of consolidated VIEs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Inter-segment
expenses</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(40)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">139&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(40)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">173&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">390&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(79)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">404&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">136&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">61&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">254&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(58)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Identifiable assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,124&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10,867&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,640&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3,654)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;
</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16,087&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="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. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany
receivables and payables. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">51 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 10: Business Segments (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Premiums on financial guarantees and insured derivatives reported within the Company&#146;s insurance segments are
generated within and outside the U.S. The following table summarizes premiums earned on financial guarantees and insured derivatives by geographic location of risk for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total premiums earned:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">United States</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">87&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">United Kingdom</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Europe (excluding United Kingdom)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Internationally diversified</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Central and South America</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Asia</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">93&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 11: Earnings Per Share </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Earnings per share is calculated using the two-class method in which earnings are allocated to common stock and participating securities based on
their rights to receive nonforfeitable dividends or dividend equivalents. The Company grants restricted stock and restricted stock units to certain employees and non-employee directors in accordance with the Company&#146;s long-term incentive
programs, which entitle the participants to receive nonforfeitable dividends or dividend equivalents during the vesting period on the same basis as those dividends are paid to common shareholders. These unvested stock awards represent participating
securities. During periods of net income, the calculation of earnings per share exclude the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. During periods of net
loss, no effect is given to participating securities in the numerator and the denominator excludes the dilutive impact of these securities since they do not share in the losses of the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic earnings per share excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of common shares
outstanding during the period. Diluted earnings per share reflects the dilutive effect of all stock options, warrants and unvested restricted stock outstanding during the period that could potentially result in the issuance of common stock. The
dilution from stock options, warrants and unvested restricted stock are calculated by applying the two-class method and using the treasury stock method. The treasury stock method assumes the proceeds from the exercise of stock options and warrants
or the unrecognized compensation expense from unvested restricted stock will be used to purchase shares of the Company&#146;s common stock at the average market price during the period. For the three months ended March&nbsp;31, 2015 and 2014, there
were 17,957,392 and 42,358,006, respectively, of stock options, warrants and unvested restricted stock outstanding that were antidilutive. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">52 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 11: Earnings Per Share (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the computation of basic and diluted earnings per share for the three months ended
March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three Months Ended March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions except share and per share amounts</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Basic earnings per share:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: undistributed earnings allocated to participating securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss) available to common shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">251&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic weighted average shares</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">181,735,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">189,033,982&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss) per basic common share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Diluted earnings per share:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: undistributed earnings allocated to participating securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss) available to common shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">67&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">251&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic weighted average shares</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">181,735,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">189,033,982&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Effect of common stock equivalents:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Stock options</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,000,539&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,229,766&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Diluted weighted average shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">182,736,415&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">190,263,748&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss) per diluted common share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:4%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes 678,568 and 405,961 of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the
three months ended March&nbsp;31, 2015 and 2014, respectively. </FONT></TD></TR></TABLE>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 12: Accumulated Other Comprehensive Income </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the changes in the components of AOCI for the three months ended March&nbsp;31, 2015: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Unrealized</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gains&nbsp;(Losses)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>on AFS</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign&nbsp;Currency</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Securities, Net</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Translation, Net</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Balance, December&nbsp;31, 2014</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other comprehensive income (loss) before reclassifications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amounts reclassified from AOCI</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total other comprehensive income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Balance, March&nbsp;31, 2015</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">53 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MBIA Inc. and Subsidiaries </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Notes to Consolidated Financial Statements (Unaudited) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 12: Accumulated Other Comprehensive Income (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the details of the reclassifications from AOCI for the three months ended
March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amounts&nbsp;Reclassified&nbsp;from&nbsp;AOCI</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March 31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Details about AOCI Components</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000">
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Affected&nbsp;Line&nbsp;Item&nbsp;on&nbsp;the&nbsp;Consolidated</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Statements of Operations</B></FONT></P></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized&nbsp;gains&nbsp;(losses)&nbsp;on&nbsp;AFS&nbsp;securities:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gain (loss) on sale of securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net&nbsp;gains&nbsp;(losses)&nbsp;on&nbsp;financial&nbsp;instruments&nbsp;at fair value and foreign exchange</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization on securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign currency translation:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gain (loss) on liquidation of foreign entity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total reclassifications for the period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 13: Commitments and Contingencies </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following commitments and contingencies provide an update of those discussed in &#147;Note 21: Commitments and Contingencies&#148; in the
Notes to Consolidated Financial Statements included in the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014, and should be read in conjunction with the complete descriptions provided in the aforementioned Form
10-K. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Litigation </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>MBIA Insurance Corp.
v. Credit Suisse Securities (USA) LLC, et al.</I>; Index No.&nbsp;603751/2009 (N.Y. Sup. Ct., N.Y. County) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">On March&nbsp;2, 2015, the court issued an
order scheduling expert discovery to conclude by February of 2016. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>MBIA Insurance Corp. v. J.P. Morgan Securities LLC (f/k/a Bear,
Stearns&nbsp;&amp; Co. Inc.)</I>; Index No.&nbsp;64676/2012 (N.Y. Sup. Ct., County of Westchester) <I> </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">On September&nbsp;9, 2014, the court granted
in part MBIA Corp.&#146;s motion to file an amended complaint. MBIA filed its amended complaint on September&nbsp;29, 2014. J.P. Morgan filed its answer to the amended complaint on October&nbsp;10, 2014. Both parties are cross-appealing the
September 9, 2014 decision granting in part MBIA&#146;s motion to file an amended complaint. The briefing is scheduled to be completed on June 8, 2015. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Ambac Bond Insurance Coverage Cases,</I> Coordinated Proceeding Case No. JCCP 4555 (Super. Ct. of Cal., County of San Francisco) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">An appeal of the dismissal of the plaintiff&#146;s anti-trust claim under California&#146;s Cartwright Act is pending. An appeal is also pending of the
March&nbsp;26, 2014 decision granting in part the Bond Insurer defendants&#146; motions for reimbursement of legal fees incurred in connection with the motion to strike pursuant to California&#146;s Anti-SLAPP statute. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company is defending against the aforementioned actions in which it is a defendant and expects ultimately to prevail on the merits. There is no assurance,
however, that the Company will prevail in these actions. Adverse rulings in these actions could have a material adverse effect on the Company&#146;s ability to implement its strategy and on its business, results of operations, cash flows and
financial condition. At this stage of the litigation, there has not been a determination as to the amount, if any, of damages. Accordingly, the Company is not able to estimate any amount of loss or range of loss. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">There are no other material lawsuits pending or, to the knowledge of the Company, threatened, to which the Company or any of its subsidiaries is a party.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Lease Commitments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company has a
lease agreement for its headquarters in Purchase, New York. The initial lease term expires in 2030 with the option to terminate the lease in 2025 upon the payment of a termination amount. This lease agreement included an incentive amount to fund
certain leasehold improvements, renewal options, escalation clauses and a free rent period. The lease agreement has been classified as an operating lease, and operating rent expense has been recognized on a straight-line basis since the second
quarter of 2014. </FONT></P>
 <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Note 14: Subsequent Events </B></FONT></P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 13: Commitments and Contingencies&#148; for information about legal proceedings that occurred after March&nbsp;31, 2015.
</FONT></P>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">54 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_9"></A>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results
of Operations </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>INTRODUCTION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Inc.
(&#147;MBIA&#148;, the &#147;Company&#148;, &#147;we&#148;, &#147;us&#148;, or &#147;our&#148;) operates one of the largest financial guarantee insurance businesses in the industry. MBIA manages three operating segments: 1) United States
(&#147;U.S.&#148;) public finance insurance; 2) corporate; and 3) international and structured finance insurance. Our U.S. public finance insurance business is primarily operated through National Public Finance Guarantee Corporation and its
subsidiaries (&#147;National&#148;); and our corporate segment is operated through MBIA Inc. and several of its subsidiaries, including our service company, MBIA Services Corporation (&#147;MBIA Services&#148;) and is generally referred to as
(&#147;MBIA Inc.&#148;); and our international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (&#147;MBIA Corp.&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Unless otherwise indicated or the context otherwise requires, references to &#147;MBIA Corp.&#148; are to MBIA Insurance Corporation, together with its
subsidiaries, MBIA UK Insurance Limited (&#147;MBIA UK&#148;) and MBIA Mexico S.A. de C.V. Prior to 2015, MBIA managed two other operating segments, advisory services and conduit. Our advisory services segment was operated primarily through Cutwater
Holdings, LLC and its subsidiaries (&#147;Cutwater&#148;). Effective on January&nbsp;1, 2015, we exited our advisory business through the sale of Cutwater. In the second quarter of 2014, we exited our conduit business through the liquidation of
Meridian Funding Company, LLC (&#147;Meridian&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The primary strategies of our U.S. public finance insurance segment are to generate new insurance
business in National, consistent with our portfolio management and return requirements, and to maximize the economics of our existing insured portfolio through effective surveillance and remediation. The primary strategies of our international and
structured finance insurance segment are to maintain adequate liquidity, reduce risk, mitigate loss and preserve value. We do not expect to write new business in our international and structured finance insurance segment in the foreseeable future.
Our corporate segment consists of general corporate activities, including providing general support services to MBIA&#146;s other operating businesses and asset and debt management. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>EXECUTIVE OVERVIEW </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>National </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">National is the largest U.S. public finance-only bond insurer in the financial guarantee industry as measured by total insured gross par outstanding of $210.0 billion as of March&nbsp;31, 2015. Our primary strategy
is to insure new issue and secondary market municipal bonds while providing ongoing surveillance of National&#146;s existing insured portfolio. National&#146;s ability to write new business and to compete with other financial guarantors is largely
dependent on the financial strength ratings assigned to National by major rating agencies. As of March&nbsp;31, 2015, National was rated AA+ with a stable outlook by Kroll Bond Rating Agency (&#147;KBRA&#148;), AA- with a stable outlook by
Standard&nbsp;&amp; Poor&#146;s Financial Services LLC (&#147;S&amp;P&#148;), and A3 with a negative outlook by Moody&#146;s Investors Service, Inc. (&#147;Moody&#146;s&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">National prices new business opportunities in both the competitive and negotiated markets. National maintains underwriting criteria for most municipal risk types and expects opportunities for new business across
the spectrum of municipal sectors.&nbsp;Based on our underwriting and pricing criteria, we expect that the majority of new business will be in the general obligation, tax-backed and revenue bond sectors.&nbsp;In addition to the new issue market, we
anticipate opportunities in the secondary market with respect to bonds issued in recent years, which were not insured upon issuance and which meet our underwriting criteria.</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">National seeks to generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape limit National&#146;s new business opportunities and its
ability to price and underwrite risk with attractive returns.&nbsp;Financial guarantee insurance competes in nearly all instances with the issuer&#146;s alternative of foregoing insurance. If the interest savings from insurance are not greater than
the cost of the insurance, the issuer will generally choose to issue bonds without insurance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Prevailing interest rate levels and credit spreads have
affected demand for financial guarantee insurance. Currently the market features both lower interest rates and narrower spreads between insured and uninsured obligations. The purchase of insurance during such periods will generally provide lower
cost savings to the issuer compared to periods of higher rates and wider spreads. As a result, some issuers choose to issue on an uninsured basis. At the same time, investors may choose to forego insurance to increase the yield on their investments.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Higher interest rates would present more favorable new business opportunities in the U.S. public finance market. Given that National&#146;s insurance
policies protect policyholders from potential defaults and guarantee payments of scheduled principal and interest, we believe the stress experienced during the financial crisis will increase the demand for National&#146;s insurance product.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">55 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>EXECUTIVE OVERVIEW (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our U.S. public finance insured portfolio continues to perform satisfactorily against a backdrop of strengthening
domestic economic activity. While this trend will generally benefit the tax revenues and fees charged for essential municipal services which secure our insured bond portfolio, some state, local governments and territory obligors we insure, remain
under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of our insured transactions. We continue to monitor and analyze these
situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Exposure to Puerto Rico
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, National had $4.5 billion of gross insured par exposure related to the Commonwealth of Puerto Rico and certain of its
instrumentalities (&#147;Puerto Rico&#148;). Puerto Rico is experiencing fiscal stress due to, among other things, Puerto Rico&#146;s structural budget imbalance, a stagnating local economy, net migration of people and a high debt burden. However,
it has attempted to address its significant economic challenges by passing a balanced general fund budget for the fiscal year ending June&nbsp;30, 2015, passing a comprehensive reform of its employee retirement system and enacting the Fiscal
Sustainability Act, which allows the government to exercise emergency powers to deal with its fiscal crisis. Refer to the &#147;U.S. Public Finance Insurance Puerto Rico Exposures&#148; section for additional information on our Puerto Rico
exposures. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>MBIA Inc. </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Inc. has
issued debt to finance the operations of its subsidiaries. This debt, which includes MBIA Inc. senior notes, investment agreements issued by MBIA Investment Management Corp. (&#147;IMC&#148;) and MBIA Inc., and medium-term notes (&#147;MTNs&#148;),
issued by MBIA Global Funding, LLC (&#147;GFL&#148;) are collectively managed and serviced with the financial resources available to MBIA Inc. Our strategy is to bring our leverage down using cash generated from operations to repurchase or retire
debt. Based on MBIA Inc.&#146;s debt service requirements and expected operating expenses, we expect that MBIA Inc. will have sufficient cash to satisfy its debt obligations and its general corporate needs over time from expected subsidiary
dividends, additional anticipated releases from the Tax Escrow Account, investment income and securities issuance; however, there can be no assurance that such sources will have sufficient cash or that we will have market access when needed. For
further information, see &#147;Strategic Plan Related and Other Risk Factors&#148; in Part I, Item&nbsp;1A, &#147;Risk Factors&#148; included in the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014. MBIA Inc. also
manages assets, which provide opportunities in investments and provide general liquidity support to MBIA Inc. Refer to the &#147;Liquidity&#151;MBIA Inc. Liquidity&#148; section for information on MBIA Inc.&#146;s liquidity. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>MBIA Corp. </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp.&#146;s primary objectives are
reducing risk and loss mitigation on potential losses on MBIA Corp.&#146;s insurance exposures, maximizing the collection of excess spread and put-back recoveries and value preservation. MBIA Corp. has significant negative statutory earned surplus
and has no current capacity to pay dividends. In addition, since July&nbsp;15, 2012 no payments on MBIA Corp.&#146;s outstanding surplus notes have been approved by the New York State Department of Financial Services (&#147;NYSDFS&#148;). MBIA Corp.
has contributed to the Company&#146;s net operating loss carryforward (&#147;NOL&#148;), which is used in the calculation of our consolidated income taxes. Under MBIA group&#146;s tax sharing agreement, MBIA Corp. maintains a substantial NOL,
therefore if MBIA Corp. turns profitable it is not expected to make any tax payments to the Tax Escrow Account. Based on MBIA Corp.&#146;s current projected earnings and our expectation that it will not write new business for the foreseeable future,
we believe it is unlikely that MBIA Corp. will generate sufficient income to fully use its NOL. Refer to the &#147;Capital Resources &#150; MBIA Corp.&#148; section for additional information on MBIA Corp.&#146;s surplus notes and statutory capital.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. may make negotiated settlement payments to counterparties and/or forego its right to all or some termination premiums when it commutes
insurance exposures. We continue to evaluate opportunities to commute additional high risk insurance exposures, although our ability to commute is limited by available liquidity and the willingness of counterparties to enter into commutations.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. continues to successfully manage its liquidity risks and satisfy all payment obligations when due. For the three months ended March&nbsp;31,
2015, recoveries from excess spread on second-lien residential mortgage-backed securities (&#147;RMBS&#148;) continued to exceed paid claims and loss adjustment expense (&#147;LAE&#148;). There can be no assurance this trend will continue. Our
liquidity forecasts reflect adequate resources to pay expected claims, but if MBIA Corp. experiences materially-elevated claims payments or does not substantially collect our projected amounts of excess spread or the put-back recoverable from Credit
Suisse for ineligible mortgages, it could experience liquidity shortfalls. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">56 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>EXECUTIVE OVERVIEW (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">If MBIA Corp. were to experience liquidity shortfalls in the future, it may have insufficient resources to
continue to pay claims, which may cause the NYSDFS to put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding. Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any material
intercompany lending agreements or cross defaults between the entities, and the lack of reliance by MBIA Inc. on MBIA Corp. for the receipt of dividends, we do not believe that a rehabilitation or liquidation proceeding of MBIA Insurance Corporation
by NYSDFS would have any significant long-term liquidity impact on MBIA Inc. or result in a liquidation or similar proceeding of MBIA UK. Refer to the &#147;Liquidity &#150; MBIA Corp. Liquidity&#148; section for additional information on MBIA
Corp.&#146;s liquidity position. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Other </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In May of 2015, we sold our Armonk, New York facility. Refer to Note 1: Business Developments and Risks and Uncertainties in the Notes to Consolidated Financial
Statements for a further discussion of this transaction. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Economic and Financial Market Trends </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The U.S. economy showed signs of slower growth during the first quarter of 2015, partly due to harsh weather conditions that hindered housing and consumer spending.
Also contributing to the slowing economy was the continued strength of the U.S. dollar, which resulted in expensive exports. The unemployment rate remained steady although there was a decline in the number of jobs added. Based on economic trends,
including anticipated slower growth in gross domestic product, we expect that any increase in the federal funds rate by the Federal Reserve will likely be delayed until later this year. Throughout much of Europe, economic growth and employment have
improved and the European Central Banks&#146; implementation of Quantitative Easing is intended to facilitate economic growth. However, substantial risk remains, including deflationary pressures and renewed uncertainties about Greece. Information
concerning our interest and foreign exchange rate sensitivity appears in Part I, Item&nbsp;3, &#147;Quantitative and Qualitative Disclosures about Market Risk.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Economic and financial market trends could impact MBIA&#146;s business outlook and its financial results. Many states and municipalities have experienced growing tax collections and appreciation in local level
assessed valuations which drive property taxes.&nbsp;The consistent gradual improvement of economic indicators at the state and local levels that strengthen the credit quality of the issuers of our insured municipal bonds is expected to improve the
performance of our insured U.S. public finance portfolio and could reduce the amount of National&#146;s incurred losses.&nbsp;A decrease in oil prices which benefits consumers could have a positive impact on certain sales taxes to the extent
consumer spending increases as a result. However, some states and municipalities will experience a decrease in revenues where their economies are reliant on the oil and gas industries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">An ongoing low interest rate environment will adversely impact the demand for municipal bond insurance since there is a lower economic benefit for issuers from the use of bond insurance as well as National&#146;s
ability to price risk at levels that meet its underwriting objectives and returns since the spread between an uninsured bond and an insured bond is narrower, resulting in less spread for the payment of premium for bond insurance. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Financial Highlights </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our financial results, prepared
in accordance with accounting principles generally accepted in the United States of America (&#147;GAAP&#148;), have been volatile as a result of unrealized gains and losses from our insured credit derivatives, as well as a result of insured losses
and recoveries on second-lien RMBS. Our economic performance has also been volatile due to changes in our loss estimates based on changes in macroeconomic conditions in the U.S. and abroad and deviations in collateral performance from our
expectations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015, we recorded consolidated net income of $69 million or $0.37 per diluted share compared
with consolidated net income of $256 million, or $1.32 per diluted share for the same period of 2014. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015,
combined operating income (a non-GAAP measure) was $34 million compared with $40 million for the same period of 2014. Refer to the following &#147;Results of Operations&#148; section for a description of operating income and a reconciliation of
operating income to GAAP net income. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our consolidated shareholders&#146; equity was $3.9 billion as of March&nbsp;31, 2015 and December&nbsp;31, 2014.
Our consolidated book value per share as of March&nbsp;31, 2015 was $21.35 compared with $20.47 as of December&nbsp;31, 2014. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31,
2015, adjusted book value (&#147;ABV&#148;) per share (a non-GAAP measure) was $25.78, up from $24.87 as of December&nbsp;31, 2014. Refer to the following &#147;Results of Operations&#148; section for a discussion of ABV and a reconciliation of GAAP
book value per share to ABV per share. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">57 </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>EXECUTIVE OVERVIEW (continued) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">A detailed
discussion of our financial results is presented within the &#147;Results of Operations&#148; section included herein. Refer to the &#147;Capital Resources&#151;Insurance Statutory Capital&#148; section for a discussion of National&#146;s and MBIA
Corp.&#146;s capital positions under statutory accounting principles (&#147;U.S. STAT&#148;). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CRITICAL ACCOUNTING ESTIMATES </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">We prepare our financial statements in accordance with GAAP, which requires the use of estimates and assumptions. Management has discussed and reviewed the
development, selection, and disclosure of critical accounting estimates with the Company&#146;s Audit Committee. Our most critical accounting estimates include loss and LAE reserves, valuation of financial instruments, and deferred income taxes,
since these estimates require significant judgment. Any modifications in these estimates could materially impact our financial results. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For a
discussion of the Company&#146;s critical accounting estimates, see &#147;Critical Accounting Estimates&#148; in Part II, Item&nbsp;7, &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; included in
the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014. In addition, refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; and &#147;Note 6: Fair Value of Financial Instruments&#148; in the Notes to
Consolidated Financial Statements for a current description of estimates used in our insurance loss reserving process and information about our financial assets and liabilities that are accounted for at fair value, including valuation techniques and
significant inputs. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RECENT ACCOUNTING PRONOUNCEMENTS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 3: Recent Accounting Pronouncements&#148; in the Notes to Consolidated Financial Statements for a discussion of accounting guidance recently adopted by the Company. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">58 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>Summary of Consolidated Results </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents a summary of our consolidated financial
results for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions except share and per share amounts</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">219&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">577&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">106&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">173&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">404&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss) per common share:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average number of common shares outstanding:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Basic</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">181,735,876&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">189,033,982&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Diluted</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">182,736,415&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">190,263,748&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Consolidated total revenues for the three months ended March&nbsp;31, 2015 included $28 million of net gains on insured derivatives
compared with $469 million of net gains for the same period of 2014. The net gains on insured derivatives in 2015 were principally the result of the effects of unfavorable changes in the market&#146;s perception of MBIA Corp.&#146;s nonperformance
risk on its derivative liabilities, partially offset by claim payments. The net gains on insured derivatives in 2014 were principally associated with the reversal of unrealized losses from commutations partially offset by settlements and claim
payments. Consolidated total expenses for the three months ended March&nbsp;31, 2015 included a $6 million benefit of net insurance loss and LAE compared with a $50 million loss for the same period of 2014. The loss and LAE benefit in 2015 primarily
related to U.S. public finance issues and the loss and LAE expense in 2014 principally related to our insured RMBS exposures, partially offset by a benefit in U.S. public finance issues. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>Operating Income (Loss) </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In addition to our results prepared in accordance with GAAP, we also analyze
the operating performance of the Company using operating income (loss) and operating income (loss) per diluted common share, both non-GAAP measures. Since operating income (loss) is used by management to assess performance and make business
decisions, we consider operating income (loss) and operating income (loss) per diluted common share fundamental measures of periodic financial performance which are useful in understanding our results. Operating income (loss) and operating income
(loss) per diluted common share are not substitutes for net income (loss) and net income (loss) per diluted common share determined in accordance with GAAP, and our definitions of operating income (loss) and operating income (loss) per diluted
common share may differ from those used by other companies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating income (loss) and operating income (loss) per diluted common share include the
combined after-tax results of our U.S. public finance insurance and corporate segments and remove the after-tax results of activities that are not part of our ongoing business strategy. This includes the activities of our international and
structured finance insurance, advisory services and conduit segments (collectively, &#147;Non-Core Segments&#148;). We do not expect to write new business in our international and structured finance insurance segment in the foreseeable future due to
its current ratings, accumulated losses and non-policy claims. We exited our advisory services segment through the sale of Cutwater effective January&nbsp;1, 2015, and in the second quarter of 2014, we liquidated our conduit segment. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In addition to removing our Non-Core Segments, operating income (loss) is adjusted for the following: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Elimination of the after-tax impact of mark-to-market gains (losses) on financial instruments that primarily include interest rate swaps and hybrid financial
instruments. Also eliminated are the mark-to market gains (losses) on warrants issued by the Company. All of these amounts fluctuate based on market interest rates, credit spreads, MBIA Inc.&#146;s common stock price and other market factors.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Elimination of the after-tax impact of foreign exchange gains (losses) on the remeasurement of certain assets and liabilities and transactions in non-functional
currencies. Given the possibility of volatility in foreign exchange markets, we exclude the impact of foreign exchange gains (losses) to provide a measurement of comparability of operating income (loss). </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Elimination of the after-tax impact of gains (losses) on the sale of investments, net investment losses related to other-than-temporary impairments
(&#147;OTTI&#148;) and net gains (losses) on extinguishment of debt since the timing of these transactions are subject to management&#146;s assessment of market opportunities and capital liquidity positions. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">59 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Elimination of the after-tax impact of the gain on the sale of Cutwater. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Elimination of deferred income tax valuation allowance on these adjustments. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following table presents our combined operating income (loss) and operating income (loss) per diluted common share (both non-GAAP measures) and provides reconciliations of GAAP net income (loss) to operating
income (loss) and GAAP net income (loss) per diluted common share to operating income (loss) per diluted common share for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions, except per share amounts</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">69&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: net income of Non-Core Segments, including eliminations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">253&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: after-tax adjustments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mark-to-market gains (losses) on financial instruments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign exchange gains (losses)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on sales of investments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Tax valuation allowance on adjustments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating income (loss) per diluted common share</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(4)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">0.21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average diluted shares used in calculation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">183&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">190&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:4%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Gross amounts are reported within &#147;Net gains (losses) on financial instruments at fair value and foreign exchange&#148; and the corresponding tax effects are reported within
&#147;Provision (benefit) for income taxes&#148; on the Company&#146;s consolidated statements of operations. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Relates to the after-tax gain on the sale of Cutwater. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Provision (benefit) for income taxes&#148; on the Company&#146;s consolidated statements of operations. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Operating income (loss) per diluted common share is calculated by taking operating income (loss) divided by GAAP weighted average number of diluted common shares outstanding.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Adjusted Book Value </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In
addition to book value per share, we also analyze ABV per share, a non-GAAP measure. We consider ABV a measure of fundamental value of the Company and the change in ABV an important measure of financial performance. ABV adjusts GAAP book value to
remove the after-tax results of activities in our Non-Core Segments. In addition, ABV adjusts for certain items which the Company believes will reverse from GAAP book value through GAAP earnings and other comprehensive income, as well adds in the
impact of certain items which the Company believes will be realized in GAAP book value in future periods. The Company has limited such adjustments to those items that it deems to be important to fundamental value and performance and which the
likelihood and amount can be reasonably estimated. We have presented ABV to allow investors and analysts to evaluate the Company using the same measure that MBIA&#146;s management regularly uses to measure financial performance and value. ABV is not
a substitute for and should not be viewed in isolation of GAAP book value, and our definition of ABV may differ from that used by other companies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As
of March&nbsp;31, 2015, ABV per share was $25.78, an increase from $24.87 as of December&nbsp;31, 2014. The increase in ABV per share was primarily driven by a decrease in common shares outstanding from the share repurchases made by the Company
during the first quarter of 2015. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">60 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table provides a reconciliation of consolidated book value per share to consolidated ABV per share:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions except share and per share amounts</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of<BR>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of<BR>December&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total shareholders&#146; equity of MBIA Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,919&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,929&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Common shares outstanding</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">183,573,627&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">191,942,895&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Book value per share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21.35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20.47&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reverse book value of Non-Core Segments (after-tax)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1.16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reverse net unrealized (gains) losses included in other comprehensive income (after-tax)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.29)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.15)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Add net unearned premium revenue (after-tax)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3.31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3.39&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total adjustments per share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4.43&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4.40&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Adjusted book value per share</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25.78&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24.87&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">The book value for Non-Core Segments, primarily the international and structured finance insurance segment, does not provide significant economic or shareholder value to MBIA
Inc. Amounts are net of any deferred taxes available to MBIA Inc. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Consists of financial guarantee premiums, net of deferred acquisition costs. The discount rate on financial guarantee installment premiums was the risk-free rate as defined by
the accounting principles for financial guarantee insurance contracts. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>U.S. Public Finance Insurance </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our U.S. public finance insurance business is primarily conducted through National. The financial guarantees issued by National provide unconditional and
irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, insured obligations when due or, in the event National has exercised, at its discretion, the right to accelerate the payment under its policies upon
the acceleration of the underlying insured obligations due to default or otherwise. National&#146;s guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts,
airports, healthcare institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose.
Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, user fees or tariffs related to the use of these projects, lease payments or other similar types of revenue
streams. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents our U.S. public finance insurance segment results for the three months ended March&nbsp;31, 2015 and 2014:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net premiums earned</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">65&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-12%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fees and reimbursements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-50%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-25%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">114&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-57%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">115%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">86&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-7%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">57&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">61&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-7%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">n/m - Percent
change not meaningful. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">61 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">During the three months ended March&nbsp;31, 2015, National insured $38 million of gross par exposure. Low
interest rates, narrow spreads and competitive pricing levels continue to severely limit new business opportunities. As of March&nbsp;31, 2015, National was rated AA+ with a stable outlook by KBRA, AA- with a stable outlook by S&amp;P and A3 with a
negative outlook by Moody&#146;s. With these current ratings, National seeks to support the credit enhancement needs of municipal debt issuers across the U.S. National maintains underwriting criteria for most municipal risk types and expects to
pursue opportunities for new business across the spectrum of municipal sectors.&nbsp;National&#146;s underwriting criteria does not limit it to particular sectors. We expect that the majority of its new business will be in the general obligation,
tax-backed and revenue bond sectors.</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">OPERATING INCOME (LOSS) In addition to the above results, we also analyze the operating performance of our U.S.
public finance insurance segment using operating income (loss), a non-GAAP measure. We believe operating income (loss), as used by management, is useful for an understanding of the results of operations of the Company. Operating income (loss) is not
a substitute for net income (loss) determined in accordance with GAAP, and our definition of operating income (loss) may differ from that used by other companies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015, operating income for the U.S. public finance insurance segment was $56 million compared with $57 million of GAAP net income. Operating income excludes $1 million of
after-tax net gains on sales of investments. There was no difference between operating income and GAAP net income for the three months ended March&nbsp;31, 2014. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">NET PREMIUMS EARNED Net premiums earned on financial guarantees represent gross premiums earned net of premiums ceded to reinsurers, and include scheduled premium earnings and premium earnings from refunded issues.
The increase in net premiums earned for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 resulted from an increase in refunded premiums earned of $28 million, partially offset by a decrease in scheduled premiums
earned of $8 million. Scheduled premium earnings declined due to the refunding and maturity of insured issues within our U.S. public finance portfolio with no material new insurance writings. Refunding activity over the past several years has
accelerated premium earnings in prior periods and reduced the amount of scheduled premiums that would have been earned in the current period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">NET
INVESTMENT INCOME The decrease in net investment income for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 was primarily due to lower average investment balances and lower yields. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">OTHER NET REALIZED GAINS (LOSSES) For the three months ended March&nbsp;31, 2015, other net realized gains (losses) included an impairment charge on our Armonk,
New York facility of $4 million to adjust the carrying amount to its sales price less costs to sell. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">LOSS AND LOSS ADJUSTMENT EXPENSES National&#146;s
portfolio surveillance group is responsible for monitoring our U.S. public finance segment&#146;s insured obligations. The level and frequency of monitoring of any insured obligation depends on the type, size, rating and performance of the insured
issue. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements for a description of
the Company&#146;s loss reserving policy and additional information related to its loss reserves. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents information about our
U.S. public finance insurance loss and LAE expenses for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and LAE related to expected payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(25)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-80%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Recoveries of expected payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-109%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross losses incurred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-57%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment expenses (benefit)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-57%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The benefit in losses and LAE for the three months ended March&nbsp;31, 2015 primarily related to decreases in reserves for certain
municipal utilities and general obligation bonds. The benefit in losses and LAE for the three months ended March&nbsp;31, 2014 primarily related to decreases in reserves from certain general obligation bonds. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">62 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents information about our U.S. public finance insurance loss and LAE reserves and
recoverables as of March&nbsp;31, 2015 and December&nbsp;31, 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross loss and LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">60&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">70&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-14%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expected recoveries on unpaid losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(25)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(25)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-22%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance recoverable on paid and unpaid losses</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other assets&#148; on our consolidated balance sheets. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Loss and LAE reserves as of March&nbsp;31, 2015 decreased compared with December&nbsp;31, 2014 primarily as a result of decreases in expected payments on certain municipal utilities and general obligation bonds.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Included in our U.S. public finance loss and LAE reserves are both reserves for insured obligations for which a payment default has occurred and
National has already paid a claim and also for which a payment default has not yet occurred, but a claim is expected in the future. The following table includes LAE reserves, but excludes par outstanding, as of March&nbsp;31, 2015 and
December&nbsp;31, 2014 for one issue that had no expected future claim payments, but for which National was obligated to pay LAE incurred in prior periods. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, loss and LAE reserves comprised the
following: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ROWSPAN="2" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Number&nbsp;of&nbsp;Issues
<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss&nbsp;and&nbsp;LAE&nbsp;Reserve</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Par&nbsp;Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross of reinsurance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Issues with defaults</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">54&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">123&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Issues without defaults</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,500&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,501&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total gross of reinsurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,554&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,624&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An &#147;issue&#148; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">POLICY ACQUISITION COSTS AND OPERATING EXPENSES U.S. public finance insurance segment expenses for the three months ended March&nbsp;31,
2015 and 2014 are presented in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total insurance operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross expenses represent total insurance expenses before the deferral of any policy acquisition costs. Gross expenses increased for
the three months ended March&nbsp;31, 2015 compared with the same period of 2014 due to increases in compensation expense and rental expense on our new headquarters in Purchase, New York. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs increased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 due to higher refunding activity in 2015. We did not defer a material amount
of policy acquisition costs during the first quarters of 2015 or 2014. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">INSURED PORTFOLIO EXPOSURE Financial guarantee insurance companies use a variety
of approaches to assess the underlying credit risk profile of their insured portfolios. MBIA uses both an internally developed credit rating system as well as third-party rating sources in the analysis of credit quality measures of its insured
portfolio. In evaluating credit risk, we obtain, when available, the underlying rating of the insured obligation before the benefit of its insurance policy from nationally recognized rating agencies, Moody&#146;s and S&amp;P. Other companies within
the financial guarantee industry may report credit quality information based upon internal ratings that would not be comparable to our presentation. We maintain internal ratings on our entire portfolio, and our ratings may be higher or lower than
the ratings assigned by Moody&#146;s or S&amp;P. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">63 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the credit quality distribution of MBIA&#146;s U.S. public finance outstanding gross
par insured as of March&nbsp;31, 2015 and December&nbsp;31, 2014. Capital appreciation bonds (&#147;CABs&#148;) are reported at the par amount at the time of issuance of the insurance policy. All ratings are as of the period presented and represent
S&amp;P ratings. If transactions are not rated by S&amp;P, a Moody&#146;s equivalent rating is used. If transactions are not rated by either S&amp;P or Moody&#146;s, an internal equivalent rating is used. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross Par Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Rating</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Amount</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">AAA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9,747&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4.6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11,364&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">AA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102,993&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49.1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">107,399&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">48.3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">75,330&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35.9%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">80,744&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36.3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">BBB</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15,482&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17,131&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7.7%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Below investment grade</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,403&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3.0%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,655&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2.6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">209,955&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">100.0%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">222,293&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">100.0%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>U.S. Public Finance Insurance Puerto Rico Exposures </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following is a summary of exposures within the insured portfolio of our U.S. public finance insurance segment related to Puerto Rico as of March&nbsp;31, 2015. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Par<BR>Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Par<BR>Outstanding<BR>Plus CAB<BR>Accredited<BR>Interest</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Debt&nbsp;Service<BR>Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>National<BR>Internal<BR>Rating</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Electric Power Authority (PREPA)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,422&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,440&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,099&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">d</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Commonwealth GO</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,114&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,166&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bbb3</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Highway and Transportation Authority Transportation Revenue (PRHTA)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">792&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">793&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,499&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bb3</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Sales Tax Financing Corporation (COFINA) </FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">684&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,000&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,170&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">a3</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Government Development Bank GO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">267&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">267&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">277&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bbb3</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Highway and Transportation Authority Highway Revenue (PRHTA)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">127&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">128&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">170&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bb2</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">University of Puerto Rico System Revenue</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">139&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bbb3</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Inter American University of Puerto Rico Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">a3</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Puerto Rico Industrial Development Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">bbb2</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,541&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,929&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9,982&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes CABs that reflect the gross par amount at the time of issuance of the insurance policy. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">In June of 2014, the Governor of Puerto Rico signed into law the Public Corporations Debt Enforcement and Recovery Act (the &#147;Recovery Act&#148;) that established a bankruptcy framework for public corporations
including PRHTA (highway authority), PREPA (power authority) and Puerto Rico Aqueduct and Sewer Authority (&#147;PRASA&#148;) (water and sewer authority). The legislature&#146;s statement of motives for the Recovery Act excludes certain other
entities from seeking relief under the Recovery Act, including, among others, Puerto Rico, COFINA, the Government Development Bank of Puerto Rico (&#147;GDB&#148;), the University of Puerto Rico, and the Puerto Rico Industrial Development Company.
According to the government, the intent of the Recovery Act was to stabilize the island&#146;s fiscal condition, protect and reinforce Puerto Rico&#146;s credit and to position PREPA, PRHTA and PRASA toward financial self-sufficiency. The law was
immediately challenged on constitutional grounds in U.S. District Court by a number of bondholders. In July of 2014, largely as a result of the Recovery Act being interpreted as a potential unwillingness to pay, the ratings of the Commonwealth and
certain other Puerto Rico issuers were downgraded to non-investment grade status. These rating downgrades have limited traditional market access for the Commonwealth and its instrumentalities and caused liquidity constraints. In February of 2015,
the Recovery Act was ruled unconstitutional. Following this, an appeal was filed to the U.S. Court of Appeals by Puerto Rico. The appeal is pending. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">While Puerto Rico is experiencing fiscal stress that could lead to defaults on its debt obligations, it has taken steps to address its significant financial
challenges by the passage of a balanced general fund budget for the fiscal year ending June&nbsp;30, 2015, the passing of comprehensive reform of its employee retirement system, and the enactment of the Fiscal Sustainability Act, which allows the
government to exercise emergency powers, including steps to lower spending on government operations and labor, to deal with its fiscal crisis. In April of 2015, the Puerto Rico House of Representatives voted to reject the Governor of Puerto
Rico&#146;s proposed tax reform bill that was intended to raise additional general fund revenues. It is unknown how the Governor of Puerto Rico will proceed with tax reform and efforts to generate additional revenues. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">64 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In August of 2014, National, along with other insurers and certain bondholders provided PREPA a forbearance
through March&nbsp;31, 2015. As part of the conditions to the forbearance, PREPA retained a Chief Restructuring Officer and agreed to certain disclosure covenants, including weekly cash flow forecasts, a report on its accounts receivables, and a
draft business plan. The forbearance has been subsequently extended three times and is currently set to expire on June&nbsp;4, 2015. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Meanwhile, the
Governor of Puerto Rico has been pushing for legislative steps to restore the financial health of PRHTA and eliminate the recurring need for deficit financing from the GDB. In January of 2015, legislation was passed that provides for an increase in
the aggregate petroleum products tax from $9.25 per barrel to $15.50 per barrel, the reallocation of a portion of the petroleum products tax to another entity, and allows for transfer of certain PRHTA debts to another entity for repayment.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Since January&nbsp;1, 2015, S&amp;P, Fitch Ratings and Moody&#146;s further downgraded the ratings of certain Puerto Rico issuers, including COFINA, to
below investment grade ratings with a negative outlook due to narrowing liquidity, sluggish economic growth and failure to provide a budget. Although we have downgraded our internal rating of certain Puerto Rico issuers, including PREPA and PRHTA,
to below investment grade, all of the insured obligations included in the preceding table are presently current on debt service payments (with PREPA utilizing debt service reserve funds to pay its July&nbsp;1, 2014 and January&nbsp;1, 2015 debt
service payments). Currently, the remaining debt service reserve funds are insufficient to pay PREPA&#146;s full debt service payment due July&nbsp;1, 2015. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>Corporate </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our corporate segment consists of general corporate activities, including providing general
support services to MBIA Inc.&#146;s subsidiaries, asset and debt management and other business development activities. General support services are provided by our service company, MBIA Services, which provide various support services including,
among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a fee-for-service basis. Asset and debt management includes activities related to servicing obligations issued by MBIA Inc. and
its subsidiaries, IMC and GFL. MBIA Inc. issued debt to finance the operations of the MBIA group. IMC, along with MBIA Inc., provided customized investment agreements, guaranteed by MBIA Corp., for bond proceeds and other public funds for such
purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. It also provided customized products for funds that were invested as part of asset-backed or structured product transactions. GFL raised funds
through the issuance of MTNs with varying maturities, which were in turn guaranteed by MBIA Corp. GFL lent the proceeds of these MTN issuances to MBIA Inc. The Company ceased issuing these investment agreements and MTNs and the outstanding liability
balances and corresponding asset balances have declined over time as liabilities mature, terminate or are retired. All of the debt within the corporate segment is managed collectively and is serviced by the financial resources available to MBIA Inc.
Asset management activities provide for opportunities in investments and provide general liquidity support to MBIA Inc. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">65 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table summarizes the consolidated results of our corporate segment for the three months ended
March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-27%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-7%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(52)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on extinguishment of debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(30)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-5%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-11%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">45&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-8%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(79)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-141%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(58)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-126%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">n/m - Percent
change not meaningful. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">NET INVESTMENT INCOME The decrease in net investment income for the three months ended March&nbsp;31, 2015 compared with the
same period of 2014 was primarily due to lower average asset balances as investments were sold to repay or repurchase debt and outstanding common shares. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE The favorable change in net gains (losses) on financial instruments at fair value
and foreign exchange for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 was primarily due to foreign currency exchange gains on Euro denominated liabilities from changes in the U.S. dollar to Euro foreign exchange
rate and changes in the fair value of outstanding warrants issued on MBIA Inc. common stock. The changes in the fair value of outstanding warrants were primarily attributable to volatility, which is used in the valuation of the warrants. This
favorable change was partially offset by realized losses from asset sales. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">OTHER NET REALIZED GAINS (LOSSES) The increase in other net realized gains
for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 was primarily due to the gain from the sale of Cutwater in the first quarter of 2015. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">REVENUES OF CONSOLIDATED VIEs For the three months ended March&nbsp;31, 2014, total revenues of consolidated variable interest entities (&#147;VIEs&#148;) related to net losses as a result of the deconsolidation of
VIEs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">INTEREST EXPENSE Interest expense decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due to
the continued maturity and repurchases of liabilities by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">PROVISION (BENEFIT) FOR INCOME TAXES The provision for income taxes for the three
months ended March&nbsp;31, 2015 was higher than the statutory rate of 35% principally due change in value of non-deductible warrants issued by the Company and write-offs of deferred tax assets primarily due to the sale of Cutwater. The benefit for
income taxes for the three months ended March&nbsp;31, 2014 was lower than the statutory rate of 35% principally changes in the value of non-deductible warrants issued by the Company, partially offset by an increase in our valuation allowance
against our deferred tax asset. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">66 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">OPERATING INCOME (LOSS) In addition to the above results, we also analyze the operating performance of our
corporate segment using operating income (loss), a non-GAAP measure. We believe operating income (loss), as used by management, is useful for an understanding of the results of operations of the Company. Operating income (loss) is not a substitute
for net income (loss) determined in accordance with GAAP, and our definition of operating income (loss) may differ from that used by other companies. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents a reconciliation of GAAP net income (loss) to operating income (loss) for the three months ended March&nbsp;31, 2015 and 2014:
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(58)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Less: after-tax adjustments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Mark-to-market gains (losses) on financial instruments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Foreign exchange gains (losses)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on sales of investments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other net realized gains (losses)</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Tax valuation allowance on adjustments</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:4%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Gross amounts are reported within &#147;Net gains (losses) on financial instruments at fair value and foreign exchange&#148; and the corresponding tax effects are reported within
&#147;Provision (benefit) for income taxes&#148; on the Company&#146;s consolidated statements of operations. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Relates to the after-tax gain on the sale of Cutwater. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Provision (benefit) for income taxes&#148; on the Company&#146;s consolidated statements of operations. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>International and Structured Finance Insurance </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Our
international and structured finance insurance portfolio is principally operated through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of the principal of, and
interest or other amounts owing on, non-U.S. public finance and global structured finance insured obligations when due or, in the event MBIA Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise, upon
MBIA Corp.&#146;s acceleration. Certain guaranteed investment contracts written by MBIA Inc. are insured by MBIA Corp., and if MBIA Inc. or such subsidiaries were to have insufficient assets to pay amounts due upon maturity or termination, MBIA
Corp. would make such payments under its insurance policies. MBIA Corp. also insured debt obligations of other affiliates, including GFL and IMC. MBIA Corp. has also written insurance policies guaranteeing the obligations under credit default swaps
(&#147;CDS&#148;) contracts of an affiliate, LaCrosse Financial Products, LLC (&#147;LaCrosse&#148;), including termination payments that may become due in certain events, including the insolvency or payment defaults of MBIA Corp. or LaCrosse. MBIA
Insurance Corporation also provides reinsurance to its insurance subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. insures non-U.S. public finance and global structured
finance, including asset-backed obligations. MBIA Corp. has insured sovereign-related and sub-sovereign bonds, utilities, privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation
facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations typically are securities repayable from cash flows generated by a specified pool of assets, such as
residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. We no longer insure new credit derivative contracts
except for transactions related to the reduction of existing derivative exposure. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">67 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents our international and structured finance insurance segment results for the three
months ended March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net premiums earned</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-24%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fees and reimbursements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Change in fair value of insured derivatives:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(370)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-98%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">838&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-96%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">468&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-94%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">72&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">529&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-86%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">64&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="white-space:nowrap">-100%&nbsp;</FONT></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-13%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expenses of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">76&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">139&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-45%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">390&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-101%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">136&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-101%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">254&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-101%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">n/m - Percent
change not meaningful. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015 and 2014, we did not have any new international and structured finance insurance
writings. We do not expect to write new business in our international and structured finance insurance segment in the foreseeable future due to its current ratings, accumulated losses and non-policy claims. Our primary objectives are risk reduction,
loss mitigation and value preservation. As of March&nbsp;31, 2015, MBIA Corp.&#146;s total insured gross par outstanding was $51.7 billion. Since December&nbsp;31, 2007, our total insured gross par outstanding has decreased approximately 84% from
$331.2 billion. Furthermore, MBIA UK is no longer permitted to write new business and any new financial guarantee insurance would require regulatory approval. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">NET PREMIUMS EARNED Our international and structured finance insurance segment generates net premiums from insurance policies accounted for as financial guarantee contracts. Certain premiums may be eliminated in
our consolidated financial statements as a result of the Company consolidating VIEs. In addition, we generate net premiums from insured credit derivatives that are included in &#147;Realized gains (losses) and other settlements on insured
derivatives&#148; on our consolidated statements of operations. The following table provides net premiums earned from our financial guarantee contracts for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net premiums earned:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Non-U.S.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-22%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-30%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total net premiums earned</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-24%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">VIEs (eliminated in consolidation)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">68 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Net premiums earned represent gross premiums earned net of premiums ceded to reinsurers, and include scheduled
premium earnings and premium earnings from refunded issues. Net premiums earned decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due to decreases in scheduled premiums earned from the maturity
and early settlement of insured transactions with no writings of new insurance policies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">NET CHANGE IN FAIR VALUE OF INSURED DERIVATIVES The following
table presents the net premiums and fees earned related to derivatives and the components of the net change in fair value of insured derivatives for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net premiums and fees earned on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(374)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-97%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Realized gains (losses) and other settlements on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(370)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-98%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized gains (losses) on insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">838&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-96%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net change in fair value of insured derivatives</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">468&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-94%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company no longer insures new credit derivative contracts except in transactions related to the restructuring or reduction of
existing derivative exposure. Premiums earned related to insured credit derivatives will decrease over time as a result of settlements prior to maturity and scheduled amortizations. For the three months ended March&nbsp;31, 2015, realized losses on
insured derivatives resulted from claim payments on commercial mortgage-backed securities (&#147;CMBS&#148;) transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The decrease in unrealized
gains on insured derivatives for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 was primarily due to the reversals of unrealized losses from commutations in 2014, with no activity in the first quarter of 2015.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the cost of five year CDS referencing MBIA Corp. was 28.51% upfront plus 5%&nbsp;per annum compared with 12.00% upfront plus
5%&nbsp;per annum as of March&nbsp;31, 2014. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the fair value of MBIA Corp.&#146;s insured CDS liability was $207 million and $244 million, respectively. Our mark-to-market on insured credit
derivatives uses the most appropriate of the one to ten year CDS cost for each transaction, and those costs ranged from 13.70% upfront plus 5%&nbsp;per annum to 29.26% upfront plus 5%&nbsp;per annum as of March&nbsp;31, 2015. As of March&nbsp;31,
2014, those costs ranged from 0.75% upfront plus 5%&nbsp;per annum to 17.06% upfront plus 5%&nbsp;per annum. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, MBIA Corp. had
$8.1 billion of gross par outstanding on insured credit derivatives compared with $9.5 billion as of December&nbsp;31, 2014. During the three months ended March&nbsp;31, 2015, three insured issues matured that totaled $1.3 billion in gross par
outstanding. As of March&nbsp;31, 2015, 16 insured issues remained, of which 9 insured issues with total gross par outstanding of $7.2 billion are scheduled to mature by the end of 2016. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE The net losses on financial instruments at fair value and foreign exchange for the three months ended March&nbsp;31, 2015 and 2014 were
primarily due to realized losses from foreign currency revaluation of Chilean Unidad de Fomento denominated unearned premium revenue. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">REVENUES OF
CONSOLIDATED VIEs For the three months ended March&nbsp;31, 2015, total revenues of consolidated VIEs were $2 million compared with total revenues of $14 million for the same period of 2014. This decrease was primarily due to lower asset prices on
net assets of consolidated VIEs. We elected to record at fair value certain instruments that are consolidated under accounting guidance for consolidation of VIEs, and as such, changes in fair value are reflected in earnings. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">LOSS AND LOSS ADJUSTMENT EXPENSES MBIA&#146;s insured portfolio management group within our international and structured finance insurance business is responsible
for monitoring international and structured finance insured obligations. The level and frequency of monitoring of any insured obligation depends on the type, size, rating and performance of the insured issue. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements for a description of the Company&#146;s
loss reserving policy and additional information related to its loss reserves. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">69 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Summary of Financial Guarantee Insurance Losses and LAE </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents information about our financial guarantee insurance losses and LAE recorded in accordance with GAAP for the three months ended
March&nbsp;31, 2015 and 2014: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and LAE related to expected payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-142%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Recoveries of expected payments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross losses incurred</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">65&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Losses and loss adjustment expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">64&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015, the decrease in losses and LAE related to expected payments and decrease in
recoveries of expected payments primarily related to an international road transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2014, the increase in
losses and LAE related to expected payments of $48 million primarily related to insured first and second-lien RMBS transactions. The recoveries of expected payments of $17 million primarily related to decreases in excess spread within the insured
second-lien RMBS securitizations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Excess spread is generated by performing loans within insured second-lien RMBS securitizations and is the difference
between interest inflows on mortgage loan collateral and interest outflows on insured beneficial interests. The amount of excess spread depends on the future loss trends (which include future delinquency trends, average time to charge-off delinquent
loans and the availability of pool mortgage insurance), the future spread between prime and the London Interbank Offered Rate (&#147;LIBOR&#148;) interest rates, and borrower refinancing behavior which results in voluntary prepayments. Minor
deviations in loss trends and voluntary prepayments may substantially impact the amounts we collect from excess spread. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended
March&nbsp;31, 2015, losses and LAE incurred included the elimination of a $33 million expense as a result of the consolidation of VIEs. The $33 million expense included gross losses related to expected payments of $36 million, partially offset by
gross recoveries of expected payments of $3 million. For the three months ended March&nbsp;31, 2014, losses and LAE incurred included the elimination of a $20 million expense as a result of the consolidation of VIEs. The $20 million expense included
gross losses related to expected payments of $19 million and gross recoveries of expected payments of $1 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s insurance loss
recoverable represents expected potential recoveries of paid claims based on probability-weighted net cash inflows discounted at applicable risk-free rates as of the measurement date. The loss and LAE reserves represent the present value of the
difference between cash payments we expect to make on the insured transactions and the excess spread we expect from the performing mortgage loans in the securitizations. As payments are made, a portion of those expected future receipts is recorded
within &#147;Insurance loss recoverable&#148; on our consolidated balance sheets. The payments that we make virtually all go to reduce the principal balances of the securitizations. The following table presents information about our insurance loss
recoverable and reserves as of March&nbsp;31, 2015 and December&nbsp;31, 2014. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR STYLE="visibility:hidden; line-height:0pt; color:white">
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<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Assets:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">523&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">529&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Reinsurance recoverable on paid and unpaid losses</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Liabilities:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross loss and LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">549&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">583&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Expected recoveries on unpaid losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(85)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(122)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-30%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Loss and LAE reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">464&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">461&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance loss recoverable&#151;ceded</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other assets&#148; on our consolidated balance sheets. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Reported within &#147;Other liabilities&#148; on our consolidated balance sheets. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">70 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, loss and LAE reserves included $338 million, after eliminating $30 million related to
our consolidated VIEs, of our remaining insured first and second-lien RMBS exposure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Included in MBIA Corp.&#146;s loss and LAE reserves are both
reserves for insured obligations for which a payment default has occurred and MBIA Corp. has already paid a claim and also for which a payment default has not yet occurred but a claim is expected in the future. The following table includes LAE
reserves, but excludes par outstanding, as of March&nbsp;31, 2015 and December&nbsp;31, 2014 for two issues that had no expected future claim payments or par outstanding, but for which MBIA Corp. was obligated to pay LAE incurred in prior periods.
As of March&nbsp;31, 2015 and December&nbsp;31, 2014, loss and LAE reserves comprised the following: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Number of Issues <SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Loss and LAE Reserve</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Par Outstanding</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$ in millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross of reinsurance:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Issues with defaults</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">105&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">104&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">350&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">344&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,776&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,885&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Issues without defaults</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">114&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">117&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,450&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,492&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total gross of reinsurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">112&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">111&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">464&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">461&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,226&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,377&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An &#147;issue&#148; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">POLICY ACQUISITION COSTS AND OPERATING EXPENSES International and structured finance insurance segment expenses for the three months
ended March&nbsp;31, 2015 and 2014 are presented in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-13%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortization of deferred acquisition costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">15&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-13%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total insurance operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross expenses represent total insurance expenses before the deferral of any policy acquisition costs. Gross expenses decreased for
the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due to a decrease in compensation expense. The increase in the amortization of deferred acquisition costs for the three months ended March&nbsp;31, 2015
compared with the same period of 2014 is due to higher refunding activity in 2015. Operating expenses decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 due to decreases in gross expenses. We did not defer
a material amount of policy acquisition costs during the first quarters of 2015 or 2014. Policy acquisition costs in these periods were primarily related to commissions and premium taxes on installment policies written in prior periods. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">INSURED PORTFOLIO EXPOSURE The credit quality of our international and structured finance insured portfolio is assessed in the same manner as our U.S. public
finance insured portfolio. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, 21% of our international and structured finance insured portfolio, was rated below investment grade, before giving effect to MBIA&#146;s guarantees, based on
MBIA&#146;s internal ratings, which are more current than the underlying ratings provided by S&amp;P and Moody&#146;s for this subset of our insured portfolio. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>European Sovereign Debt Exposure </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Uncertainties regarding European sovereign debt have affected the
global economy. Outside the U.S. financial guarantee insurance has been used by issuers of sovereign-related and sub-sovereign bonds, structured finance securities, utility debt and financing for public purpose projects, among others. MBIA does not
insure any direct European sovereign debt. However, we do insure both structured finance and public finance obligations in select international markets. MBIA&#146;s indirect European sovereign insured debt exposure totaled $6.8 billion as of
March&nbsp;31, 2015 and included obligations of sovereign-related and sub-sovereign issuers, such as regions, departments, and sovereign-owned entities that are supported by a sovereign state, region or department. Of the $6.8 billion of insured
gross par outstanding, $506 million, $322 million, and $200 million were related to Spain, Portugal, and Ireland, respectively. The remaining $5.8 billion was related to the United Kingdom. We closely monitor our existing insured European portfolios
on an ongoing basis. We consider country risk, including economic and political factors, the type and quality of local regulatory oversight, the strength of the legal framework in each country and the stability of the local institutional framework.
We also monitor local accounting, regulatory and legal requirements, local financial market developments, the impact of exchange rates and local demand dynamics. A default by one or more sovereign issuers could have an adverse effect on our insured
debt exposures. The Company has an immaterial amount of direct and indirect European sovereign debt holdings included in its investment portfolios. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">71 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>International and Structured Finance Insurance Selected Portfolio Exposures </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following is a summary of selected significant exposures within the insured portfolio of our international and structured finance insurance segment. Many of
these sectors are and have been considered volatile over the past several years. We may experience considerable incurred losses and future expected payments in certain of these sectors. There can be no assurance that the loss reserves described
below will be sufficient or that we will not experience losses on transactions on which we currently have no loss reserves, in particular if the economy deteriorates. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><I>Residential Mortgage Exposure </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. insures mortgage-backed securities (&#147;MBS&#148;) backed by
residential mortgage loans, including second-lien RMBS transactions (revolving home equity lines of credit (&#147;HELOC&#148;) loans and closed-end second mortgages (&#147;CES&#148;)). MBIA Corp. also insures MBS backed by first-lien alternative
A-paper (&#147;Alt-A&#148;) and subprime mortgage loans directly through RMBS securitizations. There was considerable stress and deterioration in the mortgage market since 2008 reflected by heightened delinquencies and losses, particularly related
to Alt-A and subprime mortgage loans originated during 2005, 2006 and 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the gross par outstanding of MBIA Corp.&#146;s
total direct RMBS insured exposure as of March&nbsp;31, 2015 and December&nbsp;31, 2014. Amounts include the gross par outstanding related to transactions that the Company consolidates under accounting guidance for VIEs. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Par&nbsp;Outstanding&nbsp;as&nbsp;of</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Collateral Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">HELOC Second-lien</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,199&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,296&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">CES Second-lien</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,087&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,180&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Alt-A
First-lien</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,753&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,807&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Subprime
First-lien</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">814&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">838&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Prime First-lien</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">138&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">144&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,991&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7,265&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes international exposure of $488 million and $511 million as of March&nbsp;31, 2015 and December&nbsp;31, 2014, respectively. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes international exposure of $3 million and $4 million as of March&nbsp;31, 2015 and December&nbsp;31, 2014, respectively. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Collateralized Debt Obligations and Related Instruments </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As
part of our international and structured finance insurance activities, MBIA Corp. typically provided guarantees on senior and, in a limited number of cases, mezzanine tranches of collateralized debt obligations (&#147;CDOs&#148;), as well as
protection on structured CMBS pools and corporate securities, and CDS referencing such securities. The following discussion, including reported amounts and percentages, includes insured CDO transactions consolidated by the Company as VIEs.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, MBIA Corp.&#146;s $12.2 billion CDO portfolio represented 24% of its total insured gross par outstanding of $51.7 billion.
As of December&nbsp;31, 2014, MBIA Corp.&#146;s $13.8 billion CDO portfolio represented 25% of its total insured gross par outstanding of $55.2 billion. In addition to the below table, MBIA Corp. insures approximately $496 million in commercial real
estate (&#147;CRE&#148;) loan pools, comprising both European and domestic assets. The distribution of our insured CDO and related instruments portfolio by collateral type is presented in the following table: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Gross&nbsp;Par&nbsp;Outstanding&nbsp;as&nbsp;of</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Collateral Type</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Multi-sector CDOs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">799&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">960&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-17%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment grade corporate CDOs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,764&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,824&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-16%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">High yield corporate CDOs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,562&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,740&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-5%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Structured CMBS pools</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,286&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,498&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-14%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">CRE CDOs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">808&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">825&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-2%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12,219&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13,847&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-12%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">72 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Loss Remediation Transactions </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">We may seek to purchase, directly or indirectly, obligations guaranteed by MBIA or seek to commute policies. The amount of insurance exposure reduced, if any, and the nature of any such actions will depend on
market conditions, pricing levels from time to time, and other considerations. In some cases, these activities may result in a reduction of loss reserves, but in all cases they are intended to limit our ultimate losses and reduce the future
volatility in loss development on the related policies. Our ability to purchase guaranteed obligations and to commute policies will depend on management&#146;s assessment of available liquidity. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>U.S. Public Finance and International and Structured Finance Reinsurance </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Reinsurance enables the Company to cede exposure for purposes of syndicating risk and increasing its capacity to write new business while complying with its single risk and credit guidelines. When a reinsurer is
downgraded by one or more of the rating agencies, less capital credit is given to MBIA under rating agency models and the overall value of the reinsurance to MBIA is reduced. The Company generally retains the right to reassume the business ceded to
reinsurers under certain circumstances, including a reinsurer&#146;s rating downgrade below specified thresholds. The following table presents information about our reinsurance agreements as of March&nbsp;31, 2015 for our U.S. public finance and
international and structured finance insurance operations: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Standard&nbsp;&amp;<BR>Poor&#146;s&nbsp;Rating<BR>(Status)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Moody&#146;s&nbsp;Rating<BR>(Status)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ceded Par<BR>Outstanding</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Letters of<BR>Credit/Trust<BR>Accounts</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Reinsurance<BR>Recoverable<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;(1)
</SUP></B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Reinsurers</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assured Guaranty Re Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">AA</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Stable&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Baa1</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Negative&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,442&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Assured Guaranty Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">AA</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Stable&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">A3</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Negative&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,853&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Overseas Private Investment Corporation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">AA+</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Stable&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Aaa</FONT><BR> <P STYLE="margin-bottom:1px; margin-top:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(Stable&nbsp;Outlook)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">280&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Others</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">A-&nbsp;or above</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">A2&nbsp;or&nbsp;above</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">139&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,714&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Total reinsurance recoverable is primarily recoverables on unpaid losses. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">MBIA requires certain unauthorized reinsurers to maintain bank letters of credit or establish trust accounts to cover liabilities ceded to such reinsurers under reinsurance contracts. The Company remains liable on
a primary basis for all reinsured risk. Based on MBIA&#146;s assessment of the credit risk of its reinsurers and expected claims under the reinsurance agreements, MBIA believes that its reinsurers remain capable of meeting their obligations,
although there can be no assurance of such in the future. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the aggregate amount of insured par outstanding ceded by MBIA to
reinsurers under reinsurance agreements was $5.7 billion compared with $6.1 billion as of December&nbsp;31, 2014. As of March&nbsp;31, 2015, $4.7 billion of the ceded par outstanding was ceded from our U.S. public finance insurance segment and $1.0
billion was ceded from our international and structured finance insurance segment. Under National&#146;s reinsurance agreement with MBIA Corp., if a reinsurer of MBIA Corp. is unable to pay claims ceded by MBIA Corp. on U.S. public finance exposure,
National will assume liability for such ceded claim payments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Advisory Services </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Until January of 2015, we conducted our asset management and advisory business primarily through Cutwater. Cutwater had provided advisory services, including cash management, discretionary asset management and
structured products on a fee-for-service basis. Effective January&nbsp;1, 2015, we completed the sale of Cutwater to a subsidiary of the Bank of New York Mellon Corporation and exited our advisory services business. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">73 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table summarizes the results and assets under management of our advisory services segment for the
three months ended March&nbsp;31, 2014. These results include revenues and expenses from transactions with the Company&#146;s other segments. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,
2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fees</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) of financial instruments at fair value and foreign exchange</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total revenues</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Ending assets under management:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Third-party</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12,589&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,992&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate and conduit</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,660&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total ending assets under management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23,241&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Average third-party assets under management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12,654&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Conduit </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In 2014, the
Company&#146;s conduit segment was operated through Meridian and administered through MBIA Asset Finance, LLC. Assets financed by Meridian were funded by MTNs. In the second quarter of 2014, we retired the remaining $129 million of outstanding MTNs
issued by Meridian and dissolved the conduit segment. Certain of MBIA&#146;s consolidated subsidiaries had received fees for services provided to Meridian. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The following table presents the results of our conduit segment for the three months ended March&nbsp;31, 2014. These results include revenues and expenses from transactions with the Company&#146;s other segments.
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="23%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>March&nbsp;31,
2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Revenues of consolidated VIEs:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net gains (losses) on extinguishment of debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Taxes </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Provision
for Income Taxes </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s income taxes and the related effective tax rates for the three months ended March&nbsp;31, 2015 and 2014 are
presented in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Income (loss) before income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">404&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Provision (benefit) for income taxes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">44&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">148&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Effective tax rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">38.9%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36.6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three months ended March&nbsp;31, 2015, our effective tax rate applied to our income (loss) before income taxes was higher
than the U.S. statutory tax rate of 35% primarily due to the fluctuation of the value of non-deductible warrants issued by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For the three
months ended March&nbsp;31, 2014, our effective tax rate applied to our income (loss) before income taxes was higher than the U.S. statutory tax rate of 35% primarily due to the non-deductibility of certain expenses and an increase in our valuation
allowance against our deferred tax asset. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">74 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RESULTS OF OPERATIONS (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company is party to a tax allocation agreement with members of its holding company system effective
January&nbsp;1, 1987. The agreement was amended and restated effective September&nbsp;8, 2011 to change the method of calculating each domestic insurer&#146;s tax liability to the method permitted by paragraph 3(a) of Department Circular Letter #33
(1979). The agreement was submitted to the NYSDFS for review and non-disapproval pursuant to Section&nbsp;1505 of the New York Insurance Law (&#147;NYIL&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 9: Income Taxes&#148; in the Notes to Consolidated Financial Statements for a further discussion of income taxes, including the Company&#146;s valuation allowance against deferred tax assets and
its accounting for tax uncertainties. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAPITAL RESOURCES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company manages its capital resources to minimize its cost of capital while maintaining appropriate claims-paying resources (&#147;CPR&#148;) for National and MBIA Corp. The Company&#146;s capital resources
consist of total shareholders&#146; equity, total debt issued by MBIA Inc. for general corporate purposes, and surplus notes issued by MBIA Corp. Total capital resources were $5.4 billion as of March&nbsp;31, 2015 and December&nbsp;31, 2014. MBIA
Inc. uses its capital resources to support the business activities of its subsidiaries. As of March&nbsp;31, 2015, MBIA Inc.&#146;s investments in subsidiaries totaled $4.2 billion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">In addition, MBIA Inc. also supports the MTN and investment agreement obligations originally issued by the Company. We seek to maintain sufficient liquidity and capital resources to meet the Company&#146;s general
corporate needs. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, net debt of MBIA Inc., which primarily comprised long-term debt, MTNs, investment agreements and derivative liabilities net of cash and investments at amortized cost and a tax
receivable from subsidiaries, totaled $643 million and $740 million, respectively. Based on MBIA Inc.&#146;s debt service requirements and expected operating expenses, we expect that MBIA Inc. will have sufficient cash to satisfy its net debt and
its general corporate needs over time from distributions from its operating subsidiaries however, there can be no assurance that MBIA Inc. will have sufficient cash in the event of unanticipated operating expenses. In addition, the Company may also
consider raising third-party capital. For further information, see &#147;Strategic Plan Related and Other Risk Factors&#148; in Part I, Item&nbsp;1A, &#147;Risk Factors&#148; included in the Company&#146;s Annual Report on Form 10-K for the year
ended December&nbsp;31, 2014 and &#147;Liquidity&#151;MBIA Inc. Liquidity&#148; section for additional information about MBIA Inc.&#146;s liquidity. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Securities Repurchases </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Repurchases of debt and
common stock may be made from time to time in the open market or in private transactions as permitted by securities laws and other legal requirements. We may also choose to redeem debt obligations where permitted by the relevant agreements.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I><U>Equity securities </U></I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">During the three
months ended March&nbsp;31, 2015, we repurchased 8,573,120 common shares of MBIA Inc. under our share repurchase program at an average share price of $8.83. Subsequent to March&nbsp;31, 2015, we repurchased an additional 1,911,115 common shares of
MBIA Inc. at an average price of $9.15 per share. As of May&nbsp;5, 2015, $95 million was available for future repurchases under the program. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I><U>Debt securities </U></I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In addition to equity repurchases,
MBIA Inc. or its subsidiaries may repurchase or redeem their outstanding debt at prices that we deem to be economically advantageous. During the three months ended March&nbsp;31, 2015, we repurchased approximately $26 million par value outstanding
of GFL MTNs issued by our corporate segment at a weighted average cost of approximately 99% of par value. Also, we repurchased approximately $10 million par value outstanding of the 7.00% Debentures due 2025 issued by our corporate segment at a
weighted average cost of approximately 105% of par value. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Insurance Statutory Capital </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National and MBIA Corp. are incorporated and licensed in, and are subject to primary insurance regulation and supervision by, the State of New York. MBIA UK is
authorized by the Prudential Regulation Authority (&#147;PRA&#148;) and regulated by the Financial Conduct Authority and the PRA in the United Kingdom. National and MBIA Corp. each are required to file detailed annual financial statements, as well
as interim financial statements, with the NYSDFS and similar supervisory agencies in each of the other jurisdictions in which it is licensed. These financial statements are prepared in accordance with New York State and the National Association of
Insurance Commissioners&#146; statements of U.S. STAT and assist our regulators in evaluating minimum standards of solvency, including minimum capital requirements, and business conduct. MBIA UK is required to file annual regulatory returns with the
PRA. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">75 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAPITAL RESOURCES (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>National </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Capital and Surplus </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National reported total statutory
capital of $3.3 billion as of March&nbsp;31, 2015 and December&nbsp;31, 2014. As of March&nbsp;31, 2015, statutory capital comprised $1.1 billion of contingency reserves and $2.2 billion of policyholders&#146; surplus. National had statutory net
income of $64 million for the three months ended March&nbsp;31, 2015. As of March&nbsp;31, 2015, National&#146;s unassigned surplus was $1.7 billion. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In order to maintain its New York State financial guarantee insurance license, National is required to maintain a minimum of $65 million of policyholders&#146;
surplus. National is also required to maintain contingency reserves to provide protection to policyholders in the event of extreme losses in adverse economic events. Refer to the following &#147;MBIA Corp.&#151;Capital and Surplus&#148; section for
additional information about contingency reserves under the NYIL. As of March&nbsp;31, 2015 and December&nbsp;31, 2014, National was not in compliance with certain of its single risk limits but was in compliance with its aggregate risk limits.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">NYIL regulates the payment of dividends by financial guarantee insurance companies and provides that such companies may not declare or distribute
dividends except out of statutory earned surplus. Under NYIL, the sum of (i)&nbsp;the amount of dividends declared or distributed during the preceding 12-month period and (ii)&nbsp;the dividend to be declared may not exceed the lesser of
(a)&nbsp;10% of policyholders&#146; surplus, as reported in the latest statutory financial statements or (b)&nbsp;100% of adjusted net investment income for such 12-month period (the net investment income for such 12-month period plus the excess, if
any, of net investment income over dividends declared or distributed during the two-year period preceding such 12-month period), unless the Superintendent of the NYSDFS approves a greater dividend distribution based upon a finding that the insurer
will retain sufficient surplus to support its obligations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National had positive earned surplus as of March&nbsp;31, 2015, which provides National with
dividend capacity. As a condition to the NYSDFS&#146; approval of the simultaneous repurchase and reverse repurchase agreements (&#147;Asset Swap&#148;) between MBIA Inc. and National, the NYSDFS requested that, until the notional amount of the
Asset Swap has been reduced to 5% or less of National&#146;s admitted assets, each of MBIA Inc., MBIA Corp. and National provide the NYSDFS with three months prior notice, or such shorter period as the NYSDFS may permit, of its intent to initiate
cash dividends on shares of its common stock. Declared and paid dividend amounts from National in the foreseeable future will be limited based on net investment income and will be substantially lower than previous dividends. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Claims-Paying Resources (Statutory Basis) </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">CPR is a key
measure of the resources available to National to pay claims under its insurance policies. CPR consists of total financial resources and reserves calculated on a statutory basis. CPR has been a common measure used by financial guarantee insurance
companies to report and compare resources and continues to be used by MBIA&#146;s management to evaluate changes in such resources. We have provided CPR to allow investors and analysts to evaluate National using the same measure that MBIA&#146;s
management uses to evaluate National&#146;s resources to pay claims under its insurance policies. There is no directly comparable GAAP measure. Our calculation of CPR may differ from the calculation of CPR reported by other companies. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National&#146;s CPR and components thereto, as of March&nbsp;31, 2015 and December&nbsp;31, 2014 are presented in the following table: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Policyholders&#146; surplus</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,278&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,190&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Contingency reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,051&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,076&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Statutory capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,329&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,266&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium reserve</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,289&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,375&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Present value of installment premiums</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">216&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">216&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premium resources</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">
(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,505&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,591&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net loss and LAE
reserves</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Salvage reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">102&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">106&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross loss and LAE reserve</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">85&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">93&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total claims-paying resources</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,919&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,950&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Calculated using a discount rate of 2.90% as of March&nbsp;31, 2015 and December&nbsp;31, 2014. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes financial guarantee and insured credit derivative related premiums. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">76 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAPITAL RESOURCES (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>MBIA Corp. </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Capital and Surplus </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. reported total statutory
capital of $857 million as of March&nbsp;31, 2015 compared with $859 million as of December&nbsp;31, 2014. As of March&nbsp;31, 2015, statutory capital comprised $308 million of contingency reserves and $549 million of policyholders&#146; surplus.
For the three months ended March&nbsp;31, 2015, MBIA Corp. had statutory net income of $3 million. MBIA Corp.&#146;s policyholders&#146; surplus as of March&nbsp;31, 2015 included a negative unassigned surplus of $1.5 billion. As of March&nbsp;31,
2015, MBIA Corp.&#146;s policyholders&#146; surplus was negatively impacted by $94 million because under NYIL it was not permitted to treat as an admitted asset the portion of its investment in subsidiaries in excess of 60% of net admitted assets
less the par value of common and preferred stock and liabilities. This overage was caused by a decrease in MBIA Corp.&#146;s policyholders&#146; surplus due to insured losses in the past. MBIA Corp.&#146;s policyholders&#146; surplus may be further
negatively impacted if future additional insured losses are incurred and the percentage of its assets invested in subsidiaries continues to increase. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, MBIA Corp. recognized estimated recoveries of $371 million, net of reinsurance on a statutory basis related to put-backs of ineligible
mortgage loans in its insured transactions and $542 million related to excess spread recoveries on second-lien RMBS, net of reinsurance. These excess spread recoveries represented 63% of MBIA Corp.&#146;s statutory capital as of March&nbsp;31, 2015.
There can be no assurance that we will be successful or that we will not be delayed in realizing these recoveries. Refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements for
additional information about these recoveries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Under NYIL, MBIA Corp. is also required to establish a contingency reserve to provide protection to
policyholders in the event of extreme losses in adverse economic events. The amount of the reserve is based on the percentage of principal insured or premiums earned, depending on the type of obligation (net of collateral, reinsurance, refunding,
refinancings and certain insured securities). Reductions in the contingency reserve may be recognized based on excessive reserves and under certain stipulated conditions, subject to the approval of the Superintendent of the NYSDFS. As a result of
regulatory approved reductions, MBIA Corp.&#146;s contingency reserves of $308 million as of March&nbsp;31, 2015 represented reserves on 53 of the 376 outstanding credits insured by MBIA Corp. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In order to maintain its New York State financial guarantee insurance license, MBIA Corp. is required to maintain a minimum of $65 million of policyholders&#146;
surplus. Under NYIL, MBIA Corp. is required to invest its minimum surplus and contingency reserves and 50% of its loss reserves and unearned premium reserves in certain qualifying assets. As of March&nbsp;31, 2015, MBIA Corp. maintained its minimum
requirement of policyholders&#146; surplus and had enough qualifying assets to support its contingency reserves. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In connection with MBIA Corp.
obtaining approval from the NYSDFS to release excessive contingency reserves in previous periods, MBIA Corp. agreed that it would not pay any dividends without prior approval from the NYSDFS. Due to its significant negative earned surplus, MBIA
Corp. has not had the statutory capacity to pay dividends since December&nbsp;31, 2009. Based on estimated future income, MBIA Corp. is not expected to have any statutory capacity to pay any dividends for the foreseeable future. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, MBIA Corp. was in compliance with its aggregate risk limits under the NYIL. If MBIA Corp. is not in compliance with its aggregate risk
limits, the NYSDFS may prevent MBIA Corp. from transacting any new financial guarantee insurance business until it no longer exceeds the limitations. In 2015, MBIA Corp. will be reporting overages to the NYSDFS with respect to its single risk
limits. In 2014, MBIA Corp. reported additional overages to the NYSDFS with respect to its single risk limits due to changes in its statutory capital. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">77 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAPITAL RESOURCES (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the par amount outstanding of MBIA Corp.&#146;s 14% Fixed-to-Floating Rate Surplus
Notes due January&nbsp;15, 2033 (the &#147;Surplus Notes&#148;) was $953 million. Section&nbsp;1307 of the Insurance Law and the Fiscal Agency Agreement governing the surplus notes (the &#147;Fiscal Agency Agreement&#148;), which was approved as it
relates to Section&nbsp;1307 by the NYSDFS in connection with the issuance of the Surplus Notes, each impose restrictions on the payments of principal and interest (or the redemption price or any make-whole premium) on the Surplus Notes
(&#147;Surplus Note Payments&#148;). Section&nbsp;1307 of the Insurance Law provides that any payments on surplus notes issued by an insurer &#147;shall be repaid only out of free and divisible surplus of such insurer with the approval of the
superintendent whenever, in his judgment, the financial condition of such insurer warrants.&#148; The Superintendent has broad discretion in determining whether to allow us to make Surplus Note Payments. We are not aware of any guidelines or
interpretations that govern the exercise of the Superintendent&#146;s discretion under Section&nbsp;1307 in determining whether the financial condition of an insurer warrants the making of such payments. The Fiscal Agency Agreement provides that
(a)&nbsp;Surplus Note Payments may be made only with the prior approval of the Superintendent, whenever, in his judgment, the financial condition of MBIA Corp. warrants, and (b)&nbsp;any such Surplus Note Payments may only be made to the extent MBIA
Corp. has sufficient &#147;Eligible Surplus&#148; to make such payment. The Fiscal Agency Agreement defines &#147;Eligible Surplus&#148; as MBIA Corp. &#147;surplus as regards policyholders,&#148; less the sum of its &#147;common capital stock&#148;
and &#147;preferred capital stock&#148;, as shown on its annual and quarterly statements filed with state insurance regulatory authorities. While the insurance law does not explicitly set forth the calculation of &#147;free and divisible
surplus&#148;, MBIA believes that the calculation of Eligible Surplus, as set forth in the Fiscal Agency Agreement and as accepted by the NYSDFS, is the appropriate calculation of &#147;free and divisible surplus&#148;. MBIA Corp.&#146;s &#147;free
and divisible&#148; surplus, determined as set forth above, was $258 million as of March&nbsp;31, 2015 representing an increase of $7 million from December&nbsp;31, 2014. The increase in MBIA Corp.&#146;s &#147;free and divisible&#148; surplus
during the first quarter of 2015 primarily resulted from the release of $9 million of contingency reserves associated with policies that matured or were contractually terminated during the three months ended March&nbsp;31, 2015. MBIA Corp. is
required to seek the Superintendent&#146;s approval to make payments of interest and principal when scheduled on the Surplus Notes. There is no assurance the Superintendent will approve Surplus Note Payments. Notwithstanding the sufficiency of MBIA
Corp.&#146;s Eligible Surplus available for the payment of Surplus Note Payments, the NYSDFS may deny approval of any Surplus Note Payments if the Superintendent concludes that MBIA Corp.&#146;s financial condition does not warrant such approval.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The NYSDFS has not approved MBIA Corp.&#146;s requests to make interest payments on the Surplus Notes since, and including, the January&nbsp;15, 2013
interest payment. The NYSDFS has cited both MBIA Corp.&#146;s liquidity and financial condition as well as the availability of &#147;free and divisible surplus&#148; as the basis for such non-approvals. As of April&nbsp;15, 2015, the scheduled
interest payment date, there was $314 million of unpaid interest on the Surplus Notes. The unpaid interest on the Surplus Notes will become due on the first business day on or after which MBIA Corp. obtains approval to pay some or all of such unpaid
interest. No interest has been accrued or will accrue on the deferred interest. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Claims-Paying Resources (Statutory Basis) </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">CPR is a key measure of the resources available to MBIA Corp. to pay claims under its insurance policies. CPR consists of total financial resources and reserves
calculated on a statutory basis. CPR has been a common measure used by financial guarantee insurance companies to report and compare resources, and continues to be used by MBIA&#146;s management to evaluate changes in such resources. We have
provided CPR to allow investors and analysts to evaluate MBIA Corp., using the same measure that MBIA&#146;s management uses to evaluate MBIA Corp.&#146;s resources to pay claims under its insurance policies. There is no directly comparable GAAP
measure. Our calculation of CPR may differ from the calculation of CPR reported by other companies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp.&#146;s CPR and components thereto, as of
March&nbsp;31, 2015 and December&nbsp;31, 2014 are presented in the following table: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Policyholders&#146; surplus</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">549&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">542&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Contingency reserves</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">308&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">317&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Statutory capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">857&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">859&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unearned premium reserve</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">412&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">434&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Present value of installment premiums</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">619&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">662&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Premium resources</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">
(2)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,031&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,096&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net loss and LAE
reserves</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (1)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(239)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(237)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Salvage reserves</FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">
(3)</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">924&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">938&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Gross loss and LAE reserve</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">685&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">701&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total claims-paying resources</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,656&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000; width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Calculated using a discount rate of 5.17% as of March&nbsp;31, 2015 and December&nbsp;31, 2014. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes financial guarantee and insured credit derivative related premiums. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">This amount primarily consists of expected recoveries related to the Company&#146;s excess spread. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">78 </FONT></P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations (continued) </B></FONT></TD></TR></TABLE>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">We use a liquidity risk management framework, the primary objective of which is to match liquidity resources to needs. We monitor our cash and liquid asset
resources using daily cash forecasting and stress-scenario testing. Members of MBIA&#146;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. We evaluate and manage
liquidity on a legal-entity basis to take into account the legal, regulatory and other limitations on available liquidity resources within the enterprise. Below is a discussion of our liquidity resources and requirements for our holding company and
our insurance subsidiaries. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Corporate Liquidity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Corporate&#146;s liquidity resources support our MBIA Inc. entity. The primary sources of cash within MBIA Inc. available to meet its liquidity needs include: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">available cash and liquid assets not subject to collateral posting requirements; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments under tax sharing agreements from subsidiaries; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">dividends from subsidiaries; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">principal and interest receipts on assets held in its investment portfolio; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">access to capital markets. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The primary uses
of cash within MBIA Inc. include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">servicing outstanding corporate debt instruments, investment agreements and the intercompany loans that support MTNs issued by GFL; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">managing collateral requirements under hedging arrangements, investment agreements and the Asset Swap; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">making payments related to interest rate swaps; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">managing investments including investments in subsidiaries; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments of operating expenses. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on our
projections of National and MBIA Corp.&#146;s future earnings and losses, we expect that for the foreseeable future National will be the primary source for MBIA Inc. of dividends and tax sharing agreement payments. There can be no assurance as to
the amount and timing of any such dividends or payments under the tax sharing agreements. Declared and paid dividend amounts from National for the next several years will be limited based on net investment income and will be substantially lower than
previous dividends. Refer to the &#147;Capital Resources &#150; Insurance Statutory Capital&#148; section for additional information on payments of dividends. As stated above, we do not expect MBIA Inc. to receive distributions from MBIA Corp. for
the foreseeable future. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">During the three months ended March&nbsp;31, 2015, $228 million was released to MBIA Inc. under the MBIA group tax sharing
agreement and related escrow agreement.&nbsp;This amount represented National&#146;s liability under the tax sharing agreement for the 2012 tax year, which was released from escrow pursuant to the terms under the tax sharing agreement following the
expiration of National&#146;s two-year net operating loss carry-back period under U.S. tax rules. As of March&nbsp;31, 2015, $193 million remained in escrow for the 2013 through the 2015 tax years. Based on our projections of National&#146;s taxable
income and the market performance of the Tax Escrow Account, we expect to release up to $111 million from the Tax Escrow Account related to the 2013 tax year in January of 2016. There can be no assurance that payments under the Tax Escrow Account
from subsidiaries will be released to MBIA Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Currently, the majority of the cash and securities of MBIA Inc. is pledged against investment agreement
liabilities, derivatives and the Asset Swap, which limit its ability to raise liquidity through asset sales. If the market value or rating eligibility of the assets which are pledged against MBIA Inc.&#146;s obligations were to decline, we would be
required to pledge additional eligible assets in order to meet minimum required collateral amounts against these liabilities. To mitigate these risks, we seek to maintain cash and liquidity resources that we believe will be sufficient to make all
payments due on our obligations and to meet other financial requirements, such as posting collateral. Contingent liquidity resources include: (1)&nbsp;accessing the capital markets; (2)&nbsp;sales of invested assets exposed to credit spread stress
risk, which may occur at losses and increase MBIA Inc.&#146;s net debt; and (3)&nbsp;termination and settlement of interest rate swap agreements. These actions, if taken, are expected to result in either additional liquidity or reduced exposure to
adverse credit spread movements. There can be no assurance that these actions will be sufficient to fully mitigate this risk. Information concerning our credit spread sensitivity appears in Part I, Item&nbsp;3, &#147;Quantitative and Qualitative
Disclosures about Market Risk.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and December&nbsp;31, 2014, the liquidity position of MBIA Inc. comprising cash and
liquid assets for general corporate purposes, excluding the amounts held in escrow under its tax sharing agreement, were $567 million and $498 million, respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">79 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>MBIA Corp. Liquidity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The primary sources of cash within our international and structured finance insurance segment include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">the collection of installment premiums; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">principal and interest receipts on assets held in its investment portfolio; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">our ability to collect on recoveries associated with loss payments. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The primary uses of cash within our international and structured finance insurance segment include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">loss payments on insured transactions; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments made to commute insured exposures; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments of principal and interest related to its surplus notes, to the extent approved by the NYSDFS. Refer to &#147;Capital Resources &#150; Insurance
Statutory Capital&#148; for a discussion on the denied requests from the NYSDFS to pay interest on its surplus notes; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments of operating expenses. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">We may also
experience liquidity constraints as a result of NYIL requirements that we maintain specified, high quality assets to back our reserves and surplus. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Insured transactions that require payment in full of the principal insured at maturity could present liquidity risks for MBIA Corp. since payment of the principal
is due at maturity but any salvage could be recovered over time after payment of the principal amount. MBIA Corp. has insured transactions with substantial principal amounts due at maturity that are scheduled to mature in the near term. MBIA Corp.
is generally required to satisfy claims within one to three business days, and as a result seeks to identify potential claims in advance through our monitoring process. While our financial guarantee policies generally cannot be accelerated, thereby
helping to mitigate liquidity risk, the insurance of CDS contracts may, in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS contracts, be subject to termination by the counterparty, triggering a
claim for the fair value of the contract. In order to monitor liquidity risk and maintain appropriate liquidity resources, we use the same methodology as we use to monitor credit quality and losses within our insured portfolio, including stress
scenarios. Refer to &#147;Note 5: Loss and Loss Adjustment Expense Reserves&#148; in the Notes to Consolidated Financial Statements for a discussion of our loss process. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. has recorded expected excess spread recoveries of $627 million as of March&nbsp;31, 2015 associated with insured second-lien RMBS issues, including recoveries related to consolidated VIEs. MBIA Corp. has
also recorded expected recoveries related to its claims against Credit Suisse related to ineligible loans included in an MBIA Corp. insured RMBS transaction. There can be no assurance that we will be successful or that we will not be delayed in
realizing these recoveries. During the three months ended March&nbsp;31, 2015, MBIA Corp. collected $27 million of excess spread recoveries related to insured second-lien RMBS issues. During the three months ended March&nbsp;31, 2015, recoveries on
second-lien RMBS issues exceeded paid claims and LAE by $10 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The liquidity position of MBIA Corp. has been stressed due to ongoing payments on
second-lien RMBS exposures, payments on its remaining CMBS exposures and payments to counterparties in consideration for the commutation of insured transactions, which have resulted in a substantial reduction of exposure and potential loss
volatility. Depending on the amount of actual future claims, including claims on insured exposures that in some cases may require large bullet payments, and the amount of future cash inflows, in particular in excess spread and put-back recoverables,
MBIA Corp. may not have sufficient liquid assets to pay its claims. While future commutation opportunities will be limited due to the portfolio reduction that has taken place, management&#146;s assessment of available liquidity will be factored in
any commutation decision. Also, future commutation payments on insured transactions to counterparties will depend on management&#146;s assessment of available liquidity or ability to secure other sources of financing. In the event that we experience
other unexpected liquidity requirements, we may have insufficient resources to meet our obligations or insufficient qualifying assets to support our surplus and reserves, and may seek to increase liquidity through financing transactions. There can
be no assurance that we will be successful in generating sufficient cash to meet our obligations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, MBIA Corp. held cash and
investments of $1.2 billion, of which $415 million comprised cash and highly liquid assets that were immediately available to MBIA Corp. Included in the $1.2 billion was $667 million of cash and investments held by MBIA Insurance Corporation&#146;s
subsidiaries. As of December&nbsp;31, 2014, MBIA Corp. held cash and investments of $1.2 billion, of which $443 million comprised cash and highly liquid assets that were immediately available to MBIA Corp. Included in the $1.2 billion was $701
million of cash and investments held by MBIA Insurance Corporation&#146;s subsidiaries. Currently, MBIA UK can only pay dividends to MBIA Insurance Corporation with the approval of the PRA; however, there is no certainty as to when such consent
would be provided. Based on MBIA Corp.&#146;s liquidity position and our assessment of payment risks on insured exposures, we believe that MBIA Corp.&#146;s liquidity resources, including expected cash inflows, will adequately provide for
anticipated cash outflows, including expected future claim payments. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">80 </FONT></P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>National Liquidity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The primary sources of cash within our U.S. public finance insurance segment include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">the collection of installment premiums; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">principal and interest receipts on assets held in its investment portfolio. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The primary uses of cash within our U.S. public finance insurance segment include: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">loss payments on insured transactions; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">payments of operating expenses and taxes. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
insurance policies issued or reinsured by National provide unconditional and irrevocable guarantees of payments of the principal of, and interest or other amounts owing on, insured obligations when due. In the event of a default in payment of
principal, interest or other insured amounts by an issuer, National generally promises to make funds available in the insured amount within one to three business days following notification. In some cases, the amount due can be substantial,
particularly if the default occurs on a transaction to which National has a large notional exposure or on a transaction structured with large, bullet-type principal maturities. The fact that the U.S. public finance insurance segment&#146;s financial
guarantee contracts generally cannot be accelerated by a party other than the insurer helps to mitigate liquidity risk in this segment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">National
maintains the Asset Swap with MBIA Inc. which provides MBIA Inc. with eligible assets to pledge under investment agreements and derivative contracts. As of March&nbsp;31, 2015, the notional amount used under each of these agreements was $385 million
and the fair value of collateral pledged by National and MBIA Inc. under these agreements was $399 million and $414 million, respectively. The net average interest rate on these transactions was 0.24% and 0.28% for the three months ended
March&nbsp;31, 2015 and 2014, respectively. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, National held cash and short-term investments of $487 million, of which $468
million was highly liquid and comprised highly rated commercial paper, money market funds and municipal, U.S. agency and corporate bonds. As of December&nbsp;31, 2014, National held cash and short-term investments of $595 million, of which $528
million was highly liquid and comprised commercial paper, money market funds, and highly rated municipal, U.S. agency and corporate bonds. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Consolidated Cash Flows </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Information about our
consolidated cash flows by category is presented on our consolidated statements of cash flows. The following table presents a summary of our consolidated cash flows for the three months ended March&nbsp;31, 2015 and 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent<BR>Change</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Statement of cash flow data:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided (used) by:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Operating activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(424)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-98%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investing activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">120&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">210&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-43%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Financing activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(256)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(312)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-18%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Effect of exchange rate changes on cash and cash equivalents</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents&#151;beginning of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">782&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,258&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-38%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Cash and cash equivalents&#151;end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">627&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">733&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-14%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">n/m - Percent
change not meaningful. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">81 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Operating activities </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Net cash used by operating activities decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due to decreases in insured derivative commutations and financial
guarantee losses and LAE paid of $399 million and operating and employee related expenses paid of $56 million, partially offset by decreases in premiums, fees, reimbursements and investment income received of $33 million. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Investing activities </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash provided by investing
activities decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due to an increase in collateral posting of $156 million and declines in proceeds from net sales, paydowns and maturities of
investments of $41 million, partially offset by an increase in proceeds for derivative settlements of $78 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Financing activities
</I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Net cash used by financing activities decreased for the three months ended March&nbsp;31, 2015 compared with the same period of 2014 primarily due
to a decrease in the principal paydowns of VIE notes of $138 million, partially offset by purchases of treasury stock of $75 million and paydowns of long-term debt of $11 million. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><I>Investments </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following discussion of investments, including references to consolidated investments,
excludes investments reported under &#147;Assets of consolidated variable interest entities&#148; on our consolidated balance sheets. Investments of VIEs support the repayment of VIE obligations and are not available to settle obligations of MBIA.
Our available-for-sale (&#147;AFS&#148;) investments comprise high-quality fixed-income securities and short-term investments. The following table presents our investment portfolio as of March&nbsp;31, 2015 and December&nbsp;31, 2014: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Available-for-sale investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. public finance insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,391&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,390&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,407&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4,383&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">International and structured finance insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">842&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">654&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">864&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">674&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,211&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,465&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-17%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">57&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">49&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,268&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,514&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-16%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total available-for-sale investments:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,444&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,509&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">95&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">62&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total available-for-sale investments at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,539&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,571&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">82 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;March&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percent&nbsp;Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investments carried at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. public finance insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">144&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">International and structured finance insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">126&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">112&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">126&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">112&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total investments carried at fair value:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">270&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">256&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Unrealized net gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total investments carried at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">270&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">255&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Other investments at amortized cost:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">U.S. public finance insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-25%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">n/m&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total other investments at amortized cost</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Consolidated investments at carrying value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,813&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6,830&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">n/m - Percent
change not meaningful. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The fair value of the Company&#146;s investments is based on prices which include quoted prices in active markets and prices
based on market-based inputs that are either directly or indirectly observable, as well as prices from dealers in relevant markets. Differences between fair value and amortized cost arise primarily as a result of changes in interest rates and
general market credit spreads occurring after a fixed-income security is purchased, although other factors may also influence fair value, including specific credit-related changes, supply and demand forces and other market factors. When the Company
holds an AFS investment to maturity, any unrealized gain or loss currently recorded in accumulated other comprehensive income (loss) in the shareholders&#146; equity section of the balance sheet is reversed. As a result, the Company would realize a
value substantially equal to amortized cost. However, when investments are sold prior to maturity, the Company will realize any difference between amortized cost and the sale price of an investment as a realized gain or loss within its consolidated
statements of operations. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Credit Quality </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The
credit quality distribution of the Company&#146;s AFS fixed-maturity investment portfolios, excluding short-term investments, based on ratings from Moody&#146;s as of March&nbsp;31, 2015 is presented in the following table. Alternate ratings
sources, such as S&amp;P or the best estimate of the ratings assigned by the Company, have been used for a small percentage of securities that are not rated by Moody&#146;s. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>U.S.&nbsp;Public&nbsp;Finance<BR>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>International&nbsp;and<BR>Structured&nbsp;Finance<BR>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Corporate</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>%&nbsp;of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fixed-<BR>Income<BR>Investments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>% of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fixed-<BR>Income<BR>Investments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>% of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fixed-<BR>Income<BR>Investments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fair<BR>Value</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>% of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fixed-<BR>Income<BR>Investments</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Available-for-sale:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Aaa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,796&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">45%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">147&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">31%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">301&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">34%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,244&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Aa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,358&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">34%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">233&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">50%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">106&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,697&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">31%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">689&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">17%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">62&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">329&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">37%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,080&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">20%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Baa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">133&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">77&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">217&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Below investment grade</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Not rated</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">28&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,014&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">470&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">889&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,373&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">100%&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Short-term investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">384&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">393&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">376&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,153&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments carried at fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">143&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">126&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">270&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Consolidated investments at carrying value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,553&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">865&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,395&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,813&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">83 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015, the weighted average credit quality of the Company&#146;s AFS investment portfolios,
excluding <FONT STYLE="white-space:nowrap">short-term</FONT> and other investments, as presented in the preceding table are as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>U.S.&nbsp;Public</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>International</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and&nbsp;Structured</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Corporate</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Weighted average credit quality ratings</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Aa</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Aa</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Aa</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Insured Investments </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA&#146;s consolidated investment portfolio includes investments that are insured by various financial guarantee insurers (&#147;Insured Investments&#148;),
including investments insured by National and MBIA Corp. (&#147;Company-Insured Investments&#148;). As of March&nbsp;31, 2015, Insured Investments at fair value represented $485 million or 7% of consolidated investments, of which $309 million or 5%
of consolidated investments were Company-Insured Investments. As of March&nbsp;31, 2015, based on the actual or estimated underlying ratings of our consolidated investment portfolio, without giving effect to financial guarantees, the weighted
average rating of only the Insured Investments in the investment portfolio would be in the A range. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In purchasing Insured Investments, the Company
independently assesses the underlying credit quality, structure and liquidity of each investment, in addition to the creditworthiness of the insurer. Insured Investments are diverse by sector, issuer and size of holding. The Company assigns
underlying ratings to its Insured Investments without giving effect to financial guarantees based on underlying ratings assigned by Moody&#146;s, or another external agency when a rating is not published by Moody&#146;s. When an external underlying
rating is not available, the underlying rating is based on the Company&#146;s best estimate of the rating of such investment. A downgrade of a financial guarantee insurer has historically had an adverse effect on the fair value of investments
insured by the downgraded financial guarantee insurer. If MBIA determines that declines in the fair values of Insured Investments are other-than-temporary, the Company will record a realized loss through earnings. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The underlying ratings of the Company-Insured Investments as of March&nbsp;31, 2015 are reflected in the following table. Amounts represent the fair value of such
investments including the benefit of the MBIA guarantee. The ratings in the following table are based on ratings from Moody&#146;s. Alternate ratings sources, such as S&amp;P, have been used for a small percentage of securities that are not rated by
Moody&#146;s. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>U.S.&nbsp;Public</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Finance</B></FONT><br><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>International</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>and&nbsp;
Structured<BR>Finance</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Corporate</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Underlying Ratings Scale</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">National:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Aa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">166&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">187&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total National</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">196&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">217&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp.:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Aa</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Below investment grade</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">48&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">51&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total MBIA Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">89&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">92&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total Company-Insured Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">285&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">309&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Without giving effect to the National and MBIA Corp. guarantees of the Company-Insured Investments in the consolidated investment
portfolio, as of March&nbsp;31, 2015, based on actual or estimated underlying ratings, the weighted average rating of the consolidated investment portfolio was in the Aa range. The weighted average rating of only the Company-Insured Investments was
in the A range, and investments rated below investment grade in the Company-Insured Investments were 1% of the total consolidated investment portfolio. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Impaired Investments </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">As of March&nbsp;31, 2015 and
December&nbsp;31, 2014, we held impaired AFS investments (investments for which fair value was less than amortized cost) with a fair value of $1.4 billion and $2.1 billion, respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">84 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations
(continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>LIQUIDITY (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">We analyze impaired investments within our investment portfolio for OTTI on a quarterly basis. Key factors
considered when assessing OTTI include but are not limited to: (a)&nbsp;structural and economic factors among security types that represent our largest exposure to credit impairment losses; (b)&nbsp;the duration and severity of the unrealized losses
(i.e., a decline in the market value of a security by 20% or more at the time of the review, or 5% impaired at the time of review with a fair value below amortized cost for a consecutive 12-month period); and (c)&nbsp;the results of various cash
flow modeling techniques. Our cash flow analysis considers all sources of cash, including credit enhancement, that support the payment of amounts owed by an issuer of a security. This includes the consideration of cash to be provided by financial
guarantors, including MBIA Corp., resulting from an actual or potential insurance policy claim. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Refer to &#147;Note 7: Investments&#148; in the Notes
to Consolidated Financial Statements for a detailed discussion about impaired investments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Debt Obligations </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Principal payments due under our debt obligations for the nine months ending December&nbsp;31, 2015 and each of the subsequent four years ending December&nbsp;31
and thereafter are presented in the following table. The repayment of principal on our surplus notes is reflected in 2018, which is the next call date. Principal payments under investment agreements are based on scheduled withdrawal dates. All other
principal payments are based on contractual maturity dates. Foreign currency denominated liabilities are presented in U.S. dollars using applicable exchange rates as of March&nbsp;31, 2015, and liabilities issued at a discount reflect principal
amounts due at maturity. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>As of March&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Nine&nbsp;Months<BR>Ending<BR>December&nbsp;31,<BR>2015</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2016</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2017</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2018</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2019</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Thereafter</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">International and structured finance insurance segment:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Variable interest entity notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">470&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">471&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">497&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">468&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">339&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,083&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,328&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Surplus notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">940&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">940&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Corporate segment:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Long-term debt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Investment agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">453&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">605&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Medium-term notes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">73&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">53&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">59&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">55&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,093&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,446&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">573&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">625&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">606&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,484&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">402&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">5,202&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,892&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD>&nbsp;</TD>
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<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">85 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_10"></A>Item&nbsp;3. Quantitative and Qualitative Disclosures About Market Risk </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s market risk exposures relate to changes in interest rates, foreign exchange rates and credit spreads that affect the fair value of its financial
instruments, namely investment securities, investment agreement liabilities, MTNs, debentures and certain derivative transactions. The Company&#146;s investment portfolio holdings are primarily U.S. dollar-denominated fixed-income securities
including municipal bonds, U.S. government bonds, MBS, collateralized mortgage obligations, corporate bonds and ABS. In periods of rising and/or volatile interest rates, foreign exchange rates and credit spreads, profitability could be adversely
affected should the Company have to liquidate these securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA minimizes its exposure to interest rate risk, foreign exchange risk and credit
spread movement through active portfolio management to ensure a proper mix of the types of securities held and to stagger the maturities of its fixed-income securities. In addition, the Company enters into various derivative agreements that hedge
the risk of loss due to market volatility. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Interest Rate Sensitivity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Interest rate sensitivity can be estimated by projecting a hypothetical instantaneous increase or decrease in interest rates. The following table presents the estimated pre-tax change in fair value of the
Company&#146;s financial instruments as of March&nbsp;31, 2015 from instantaneous shifts in interest rates: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Interest Rates</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>300&nbsp;Basis<BR>Point<BR>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>200&nbsp;Basis<BR>Point<BR>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>100&nbsp;Basis<BR>Point<BR>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>100&nbsp;Basis<BR>Point<BR>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>200&nbsp;Basis<BR>Point<BR>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>300&nbsp;Basis<BR>Point<BR>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated change in fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">52&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">50&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(71)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(150)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(230)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Foreign Exchange Rate Sensitivity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The Company is exposed to foreign exchange rate risk in respect of assets and liabilities denominated in currencies other than U.S. dollars. In addition to our international insurance business, some of the
remaining liabilities included in our corporate segment are denominated in currencies other than U.S. dollars. Also, the Company regularly makes investments denominated in foreign currencies. The majority of the Company&#146;s foreign exchange rate
risks is with the pound sterling and the euro. Foreign exchange rate sensitivity can be estimated by projecting a hypothetical instantaneous increase or decrease in foreign exchange rates. The following table presents the estimated pre-tax change in
fair value of the Company&#146;s financial instruments as of March&nbsp;31, 2015 from instantaneous shifts in foreign exchange rates: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="5%"></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Foreign Exchange Rates</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Dollar&nbsp;Weakens</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Dollar&nbsp;Strengthens</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;20%&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;10%&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;10%&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;&nbsp;20%&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated change in fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Credit Spread Sensitivity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Credit spread sensitivity can be estimated by projecting a hypothetical instantaneous increase or decrease in credit spreads. The following table presents the estimated pre-tax change in fair value of the
Company&#146;s financial instruments as of March&nbsp;31, 2015 from instantaneous shifts in credit spread curves. It was assumed that all credit spreads move by the same amount. It is more likely that the actual changes in credit spreads will vary
by security. National&#146;s investment portfolio would generally be expected to experience lower credit spread volatility than other investment portfolios since National has higher credit quality and portfolio composition in sectors that have been
less volatile historically. The changes in fair value reflect partially offsetting effects as the value of the investment portfolios generally changes in an opposite direction from the liability portfolio. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" WIDTH="4%"></TD>
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<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Credit Spreads</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>50&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>50&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>200&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated change in fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">68&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(71)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(295)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Credit Derivatives Sensitivity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">MBIA Corp. issued insurance policies insuring payments due on structured credit derivative contracts which are marked-to-market through earnings under the accounting principles for derivatives and hedging
activities. The majority of these structured CDS related to structured finance transactions with underlying reference obligations of cash securities and CDS referencing liabilities of corporations or of other structured finance securitizations. The
asset classes of the underlying reference obligations included corporate, ABS, RMBS and CMBS. These transactions were usually underwritten at or above a triple-A credit rating level. As of March&nbsp;31, 2015, approximately 72% of the tranches
insured by the Company were rated triple-A. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">86 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;3. Quantitative and Qualitative Disclosures About Market Risk (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In the first quarter of 2015, MBIA Corp. has observed a widening of its own credit spreads. As changes in fair
value can be caused by factors unrelated to the performance of MBIA Corp.&#146;s business and credit portfolio, including general market conditions and perceptions of credit risk, as well as market use of credit derivatives for hedging purposes
unrelated to the specific referenced credits in addition to events that affect particular credit derivative exposures, the application of fair value accounting will cause the Company&#146;s earnings to be more volatile than would be suggested by the
underlying performance of MBIA&#146;s business operations and credit portfolio. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following tables reflect sensitivities to changes in credit
spreads, credit rating, recovery rates and MBIA Corp.&#146;s upfront credit spreads. Each table stands on its own and should be read independently of each other. Refer to &#147;Note 6: Fair Value of Financial Instruments&#148; in the Notes to
Consolidated Financial Statements for further information about the Company&#146;s financial assets and liabilities that are accounted for at fair value, including valuation techniques and disclosures required by GAAP. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Sensitivity to changes in credit spreads can be estimated by projecting a hypothetical instantaneous shift in credit spread curves. The following table presents
the estimated pre-tax change in fair value and the cumulative estimated net fair value of MBIA Corp.&#146;s credit derivatives portfolio of instantaneous shifts in credit spreads as of March&nbsp;31, 2015. In scenarios where credit spreads
decreased, a floor of zero was used. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Credit Spreads</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(International and Structured Finance Insurance)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>600&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>200&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>50 Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>0 Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>50 Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>200&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>600&nbsp;Basis</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Point</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(181)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(197)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(205)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(210)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(218)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(244)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Actual shifts in credit spread curves will vary based on the credit quality of the underlying reference obligations. In general,
within any asset class, higher credit rated reference obligations will exhibit less credit spread movement than lower credit rated reference obligations. Additionally, the degree of credit spread movement can vary significantly for different asset
classes. The basis point change presented in the preceding table, however, represents a fixed basis point change in referenced obligation credit spreads across all credit quality rating categories and asset classes and, therefore, the actual impact
of spread changes would vary from this presentation depending on the credit rating and distribution across asset classes, both of which will adjust over time depending on new business written and runoff of the existing portfolio. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The following table presents the estimated pre-tax change in fair value and the cumulative estimated net fair value of MBIA Corp.&#146;s insured credit derivatives
portfolio by projecting a hypothetical change in the credit ratings as of March&nbsp;31, 2015. A notch represents a one-step movement up or down in the credit rating. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Credit Ratings</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(International and Structured Finance Insurance)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Notch</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>One&nbsp;Notch</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>One&nbsp;Notch</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Three&nbsp;Notch</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>No&nbsp;Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">56&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(60)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(151)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(200)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(240)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(267)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Recovery rates on defaulted collateral are an input into MBIA Corp.&#146;s valuation model. Sensitivity to changes in the recovery
rate assumptions used by MBIA Corp. can be estimated by projecting a hypothetical change in these assumptions. The following table presents the estimated pre-tax change in fair value and the cumulative estimated net fair value of MBIA Corp.&#146;s
insured credit derivatives portfolio based on a change in the recovery rate assumptions as of March&nbsp;31, 2015. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Recovery Rates</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(International and Structured Finance Insurance)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>20%&nbsp;Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10%&nbsp;Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>No&nbsp;Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10%&nbsp;Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>20%&nbsp;Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(193)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(200)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(214)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(220)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">87 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;3. Quantitative and Qualitative Disclosures About Market Risk (continued) </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Accounting principles for fair value measurements require MBIA Corp. to incorporate its own nonperformance risk in
its valuation methodology. Sensitivity to changes in MBIA Corp.&#146;s credit spreads can be estimated by projecting a hypothetical change in this assumption. The following table presents the estimated pre-tax change in fair value and the cumulative
estimated net fair value of MBIA Corp.&#146;s insured credit derivative portfolio. The actual upfront spread used in the valuation as of March&nbsp;31, 2015 ranged from 13.70% to 29.26% based on the tenor of each transaction. The below amounts
include an additional annual running credit spread of 5%. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>MBIA Corp.&#146;s Upfront Credit Spread</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(International and Structured Finance Insurance)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase&nbsp;by&nbsp;15</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Increase&nbsp;by&nbsp;7</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Decrease&nbsp;to&nbsp;0</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percentage&nbsp;Points</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percentage&nbsp;Points</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>No&nbsp;Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Percentage&nbsp;Points</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(168)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(189)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(207)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(263)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">MBIA Corp.&#146;s insurance of structured credit derivatives typically remain in place until the maturity of the derivative. With
respect to MBIA Corp.&#146;s insured structured credit derivatives, in the absence of credit impairments or the termination of derivatives at losses, the cumulative unrealized losses should reverse before or at maturity of the contracts.
Additionally, in the event of the termination and settlement of a contract prior to maturity, any resulting gain or loss upon settlement will be recorded in our consolidated financial statements. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I>Warrants Sensitivity </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Warrants issued by the Company
to purchase shares of MBIA Inc. common stock are recorded at fair value in the Company&#146;s balance sheet and changes in fair value are recorded through earnings. The Company values these warrants using the Black-Scholes model. Refer to &#147;Note
6: Fair Value of Financial Instruments&#148; in the Notes to Consolidated Financial Statements for further information about the valuation of warrants issued by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">While several factors influence the value of the Company&#146;s warrants, including stock price, stock volatility, interest rates and dividends, changes in the value of the Company&#146;s warrants during the first
quarter of 2015 were primarily driven by changes in the Company&#146;s stock price and volatility. The following tables present the estimated pre-tax change in fair value and the estimated aggregate fair value of the Company&#146;s warrants assuming
hypothetical stock price and volatility changes as of March&nbsp;31, 2015. Each table stands on its own and should be read independently of each other. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Stock Price</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>25%&nbsp;Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10%&nbsp;Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>No&nbsp;Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10%&nbsp;Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>25%&nbsp;Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(41)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(26)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="20"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Change in Stock Volatility</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>In millions</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10% Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5% Increase</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>No Change</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5% Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10% Decrease</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated pre-tax net gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Estimated net fair value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(40)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(37)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(33)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(29)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(26)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_11"></A>Item&nbsp;4. Controls and Procedures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">As of the end of the period covered by this report, an evaluation of the effectiveness of the design and operation of the Company&#146;s disclosure controls and procedures (as such term is defined in Rules
13a-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934) was performed under the supervision and with the participation of the Company&#146;s senior management, including the Chief Executive Officer and the Chief Financial Officer. Based
on that evaluation, the Company&#146;s management, including the Chief Executive Officer and the Chief Financial Officer, concluded that the Company&#146;s disclosure controls and procedures were effective as of the end of the period covered by this
report. In addition, there have not been any changes in the Company&#146;s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) during the fiscal quarter to
which this report relates that have materially affected, or are likely to materially affect, the Company&#146;s internal control over financial reporting. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">88 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_12"></A>PART II &#150; OTHER INFORMATION </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_13"></A>Item&nbsp;1. Legal Proceedings </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For
a discussion of the Company&#146;s litigation and related matters, see &#147;Note 13: Commitments and Contingencies&#148; in the Notes to Consolidated Financial Statements of MBIA Inc. and Subsidiaries in Part I, Item&nbsp;1. In the normal course of
operating its businesses, MBIA Inc. may be involved in various legal proceedings. As a courtesy, the Company posts on its website under the section &#147;Legal Proceedings,&#148; selected information and documents in reference to selected legal
proceedings in which the Company is the plaintiff or the defendant. The Company will not necessarily post all documents for each proceeding and undertakes no obligation to revise or update them to reflect changes in events or expectations. The
complete official court docket can be publicly accessed by contacting the clerk&#146;s office of the respective court where each litigation is pending. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_14"></A>Item&nbsp;2. Unregistered Sales of Equity Securities and Use of Proceeds </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">The table below presents repurchases made by the Company in each month during the first quarter of 2015: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Month</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total&nbsp;Number&nbsp;of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares&nbsp;Purchased<SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&nbsp;(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Average&nbsp;Price</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Paid&nbsp;Per&nbsp;Share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total&nbsp;Number&nbsp;of</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares&nbsp;Purchased&nbsp;
as</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Part&nbsp;of&nbsp;Publicly</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Announced Plan</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Maximum&nbsp;Amount</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>That&nbsp;May&nbsp;Be&nbsp;
Purchased</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Under&nbsp;the Plan</B></FONT><br><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(in millions)<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">
(2)</SUP></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">January</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,144,613&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8.80&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,140,371&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">161&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">February</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,321,430&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8.63&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">3,321,430&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">132&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">March</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,227,631&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9.19&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,111,319&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,693,674&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8.83&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8,573,120&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">113&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Includes 9,076 shares purchased in open market transactions as investments in the Company&#146;s non-qualified deferred compensation plan. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)&nbsp;-</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">In the fourth quarter of 2014, the Company&#146;s Board of Directors authorized the repurchase of common stock up to $200 million under a new share repurchase program.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_15"></A>Item&nbsp;5. Other Information </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Submission of Matters to a Vote of Security Holders </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Annual Meeting of Shareholders of the Company was held
on May&nbsp;6, 2015 (the &#147;Annual Meeting&#148;). The matters that were voted upon at the Annual Meeting, and the number of votes cast for or against each matter (and percent of shares voted), as well as the number of abstentions (and percent of
shares voted) and broker non-votes as to each such matter, where applicable, are set forth below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Proposal 1: Election of Directors</I>. The
shareholders elected the Company&#146;s nominees to the Board of Directors. The voting results were as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap><FONT STYLE="ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Nominees</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>For<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Against<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Abstain<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Broker<BR>Non-Votes</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Joseph W. Brown</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143,849,504</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(99.33%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">832,549</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.57%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">133,060</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.09%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Maryann Bruce</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">142,573,442</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(98.45%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,112,505</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.45%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">129,166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.08%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Sean D. Carney</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143,806,685</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(99.30%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">885,069</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.61%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">123,359</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.08%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">David A. Coulter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">141,972,312</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(98.03%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,712,609</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.87%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">130,192</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.08%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Steven J. Gilbert</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">142,822,129</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(98.62%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1,864,750</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.28%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">128,234</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.08%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Charles R. Rinehart</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143,954,188</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(99.40%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">739,594</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.51%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">121,331</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.08%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Theodore Shasta</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">143,948,901</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(99.40%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">735,878</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.50%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">130,334</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.09%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="2">Richard C. Vaughan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">142,570,192</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(98.44%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">2,112,889</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.45%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">132,032</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.09%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Proposal 2: Approval of the Company&#146;s Annual Incentive Plan for Purposes of Section&nbsp;162(m) of the Internal Revenue
Code.</I> The shareholders voted to approve the MBIA Inc. Annual Incentive Plan (the &#147;Annual Incentive Plan&#148;) for purposes of Section&nbsp;162(m) of the Internal Revenue Code. The Annual Incentive Plan is set forth in its entirety as
Exhibit A to the proxy statement for the Annual meeting. The voting results were as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>For<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Against<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Abstain<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Broker<BR>Non-Votes</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">141,189,522</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">(97.49%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">2,171,169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.49%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">1,454,422</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.00</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">%)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Proposal 3: Approval of Compensation Paid to Named Executive Officers. </I>The shareholders voted to approve the compensation of
the Company&#146;s named executive officers listed in the proxy statement for the Annual Meeting. The shareholder vote is advisory and non-binding. The voting results were as follows: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>For<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Against<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Abstain<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Broker<BR>Non-Votes</B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">110,160,167</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">(76.06%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">33,188,998</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(22.91%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">1,465,948</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(1.01%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">20,444,667</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><I>Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm.</I> The shareholders ratified the
appointment of PricewaterhouseCoopers LLP as the Company&#146;s independent registered public accounting firm for 2015. The voting results were as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>For<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Against<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Abstain<BR>(% of shares voted)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Broker<BR><FONT STYLE="white-space:nowrap">Non-Votes</FONT></B></FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">164,962,970</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">(99.82%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">180,121</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.10%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">117,189</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">(0.07%)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">0</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Disclosure pursuant to Section&nbsp;13(r) of the Securities Exchange Act of 1934 </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Pursuant to Section&nbsp;13(r) of the Securities Exchange Act of 1934, we may be required to disclose in our annual and quarterly reports to the Securities and
Exchange Commission (the &#147;SEC&#148;), whether we or any of our &#147;affiliates&#148; knowingly engaged in certain activities, transactions or dealings relating to Iran or with certain individuals or entities targeted by US economic sanctions.
Disclosure is generally required even where the activities, transactions or dealings were conducted in compliance with applicable law. Because the SEC defines the term &#147;affiliate&#148; broadly, it includes any entity under common
&#147;control&#148; with us (and the term &#147;control&#148; is also construed broadly by the SEC). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The description of the activities below has been
provided to the Company by Warburg Pincus LLC (&#147;WP&#148;), affiliates of which: (i)&nbsp;beneficially own more than 10% of our outstanding common stock and are members of our board of directors and (ii)&nbsp;beneficially own more than 10% of
the equity interests of, and have the right to designate members of the board of directors of Santander Asset Management Investment Holdings Limited (&#147;SAMIH&#148;). SAMIH may therefore be deemed to be under common &#147;control&#148; with MBIA
Inc.; however, this statement is not meant to be an admission that common control exists. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The disclosure below relates solely to activities conducted
by SAMIH and its non-U.S. affiliates that may be deemed to be under common &#147;control&#148; with MBIA Inc. The disclosure does not relate to any activities conducted by the Company or by WP and does not involve our or WP&#146;s management.
Neither the Company nor WP has had any involvement in or control over the disclosed activities of SAMIH, and neither the Company nor WP has independently verified or participated in the preparation of the disclosure. Neither the Company nor WP is
representing as to the accuracy or completeness of the disclosure nor do we or WP undertake any obligation to correct or update it. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company
understands that SAMIH&#146;s affiliates intend to disclose in their next annual or quarterly SEC report that: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;Santander UK holds frozen savings
and current accounts for two customers resident in the U.K. who are currently designated by the U.S. for terrorism. The accounts held by each customer were blocked after the customer&#146;s designation and remained blocked and dormant throughout the
first quarter of 2015. No revenue has been generated by Santander UK on these accounts. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">89 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item&nbsp;5. Other Information (continued) </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">An Iranian national, resident in the U.K., who is currently designated by the U.S. under the Iranian Financial
Sanctions Regulations and the Weapons of Mass Destruction Proliferators Sanctions Regulations (&#147;NPWMD sanctions program&#148;), holds a mortgage with Santander UK that was issued prior to any such designation. No further drawdown has been made
(or would be permitted) under this mortgage although Santander UK continues to receive repayment installments. In the first quarter of 2015, total revenue in connection with the mortgage was approximately &pound;800 and net profits were negligible
relative to the overall profits of Santander UK. Santander UK does not intend to enter into any new relationships with this customer, and any disbursements will only be made in accordance with applicable sanctions. The same Iranian national also
holds two investment accounts with Santander Asset Management UK Limited. The accounts have remained frozen during quarter one of 2015. The investment returns are being automatically reinvested, and no disbursements have been made to the customer.
Total revenue for the Santander Group in connection with the investment accounts was approximately &pound;70 and net profits in the first quarter of 2015 were negligible relative to the overall profits of Banco Santander, S.A.&#148; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">90 </FONT></P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_16"></A>Item&nbsp;6. Exhibits </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">+31.1.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer - Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">+31.2.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer - Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">*32.1.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer - Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">Sarbanes-Oxley Act of 2002.</FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">*32.2.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer - Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">Sarbanes-Oxley Act of 2002.</FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2">+101.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Additional Exhibits - MBIA Inc. and Subsidiaries Consolidated Financial Statements and Notes to Consolidated</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Financial Statements from the Company&#146;s Quarterly Report on Form 10-Q for the quarterly period ended</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:ARIAL" SIZE="2">March 31, 2015, formatted in XBRL.</FONT></P></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">+ Filed Herewith
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">* Furnished Herewith </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">91 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="tx918696_17"></A>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;MBIA Inc.</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Registrant</FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Date: May 11, 2015</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;/s/ C. Edward Chaplin</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;C. Edward Chaplin</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Chief Financial Officer</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Date: May 11, 2015</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;/s/ Douglas C. Hamilton</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Douglas C. Hamilton</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;Controller (Principal Accounting Officer)</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">92 </FONT></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>d918696dex311.htm
<DESCRIPTION>EX-31.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-31.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 31.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">I, Joseph W. Brown, certify that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">I have reviewed the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form 10-Q for the period ending March&nbsp;31, 2015 as filed with the Securities and Exchange
Commission on the date hereof (the &#147;Report&#148;); </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period covered by this Report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results
of operations and cash flows of the Company as of, and for, the periods presented in this Report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this Report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">disclosed in this Report that there were no changes in the Company&#146;s internal control over financial reporting that occurred during the Company&#146;s first quarter of 2015
that has materially affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company&#146;s
auditors and to the audit committee of the board of directors: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ Joseph W. Brown</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Joseph W. Brown</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2015</FONT></TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>d918696dex312.htm
<DESCRIPTION>EX-31.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-31.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 31.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">I, C. Edward Chaplin, certify that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">I have reviewed the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form 10-Q for the period ending March&nbsp;31, 2015 as filed with the Securities and Exchange
Commission on the date hereof (the &#147;Report&#148;); </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period covered by this Report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results
of operations and cash flows of the Company as of, and for, the periods presented in this Report; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this Report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">disclosed in this Report that there were no changes in the Company&#146;s internal control over financial reporting that occurred during the Company&#146;s first quarter of 2015
that has materially affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company&#146;s
auditors and to the audit committee of the board of directors: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ C. Edward Chaplin</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">C. Edward Chaplin</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2015</FONT></TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>d918696dex321.htm
<DESCRIPTION>EX-32.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-32.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 32.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>18 U.S.C. SECTION 1350, </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AS ADOPTED PURSUANT TO </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In connection with the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form 10-Q for the period ending March&nbsp;31, 2015 as filed with the Securities
and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Joseph W. Brown, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. &#167;&nbsp;1350, as adopted pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002,
that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></TD></TR></TABLE>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
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<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ Joseph W. Brown</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Joseph W. Brown</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2015</FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-32.2
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<TITLE>EX-32.2</TITLE>
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 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 32.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>18 U.S.C. SECTION 1350, </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AS ADOPTED PURSUANT TO </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In connection with the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form 10-Q for the period ending March&nbsp;31, 2015 as filed with the Securities
and Exchange Commission on the date hereof (the &#147;Report&#148;), I, C. Edward Chaplin, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. &#167;&nbsp;1350, as adopted pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002,
that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ C. Edward Chaplin</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">C. Edward Chaplin</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2015</FONT></TD></TR>
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<TYPE>EX-101.INS
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Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:291.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:291.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Collections&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for Cases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Accretion&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;with&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;533&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recoveries on unpaid &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;border-color:Black;min-width:36.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;110&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;680&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;637&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) Primarily changes in amount and timing of collections.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock>
  <us-gaap:LiabilitiesFairValueDisclosureNonrecurring id="ID_10" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">4285000000</us-gaap:LiabilitiesFairValueDisclosureNonrecurring>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_11" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_12" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">22000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_13" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_14" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:DerivativeFairValueOfDerivativeAsset id="ID_15" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_MediumTermNotesAndOtherInvestmentsMember_us-gaap_DerivativeInstrumentRiskAxis_mbi_EmbeddedMember" unitRef="USD" decimals="-6">7000000</us-gaap:DerivativeFairValueOfDerivativeAsset>
  <us-gaap:EarningsPerShareBasic id="ID_16" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USDPerShare" decimals="2">0.37</us-gaap:EarningsPerShareBasic>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_17" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">3369000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_18" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedNonAgencyMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">26000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock id="ID_19" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:305.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:305.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;U.S. &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;International &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Public &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and Structured&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;139&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net change in fair value of insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:223.5pt;text-align:left;border-color:Black;min-width:223.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other net realized gains (losses) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;72&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;219&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Losses and loss adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Expenses of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment expenses&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Identifiable assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,859&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10,578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,737&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3,259)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15,915&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='20' rowspan='1' style='width:428.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:428.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;U.S. &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;International &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Public &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and Structured&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Advisory&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Services&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Conduit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net change in fair value of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;468&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;instruments at fair value and &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(52)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;extinguishment of debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other net realized gains (losses) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;529&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;577&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Losses and loss adjustment &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Expenses of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment expenses&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;139&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;390&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(79)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Identifiable assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,124&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10,867&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,640&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3,654)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16,087&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(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.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;        receivables and payables.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock>
  <us-gaap:ScheduleOfFairValueOffBalanceSheetRisksTextBlock id="ID_20" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Carry Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Active Markets for&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Identical Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Accrued investment income&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Receivable for investments sold&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments held-to-maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,878&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investment agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;538&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;753&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;753&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;928&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,828&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for investments purchased&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,184&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,424&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Financial Guarantees:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ceded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Other assets&amp;quot; on MBIA&amp;#39;s consolidated balance sheets. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Other liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Carry Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Active Markets for&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Other Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Identical Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Accrued investment income&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Receivable for investments sold&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments held-to-maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;138&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,774&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investment agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;705&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;705&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;547&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;801&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;801&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,004&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,810&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for investments purchased&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,779&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,779&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,214&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,285&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,499&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Financial Guarantees:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,959&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ceded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Other assets&amp;quot; on MBIA&amp;#39;s consolidated balance sheets. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Other liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFairValueOffBalanceSheetRisksTextBlock>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_21" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-10000000</us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation id="ID_22" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_TreasuryStockMember" unitRef="shares" decimals="INF">-114065</us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation>
  <us-gaap:SignificantAccountingPoliciesTextBlock id="ID_23" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 2: Significant Accounting Policies&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has disclosed its significant accounting policies in &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 2: Significant Accounting Policies&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; in the Notes to Consolidated Financial Statements included in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The following &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;significant accounting policies provide an update to those included in the Company&amp;#8217;s Annual Report on Form 10-K.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Basis of Presentation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Fo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rm 10-Q and Article 10 of Regulation S-X and, accordingly, do not include all of the information and disclosures required by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;accounting principles generally accepted in the United States of America (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;GAAP&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for annual periods. These statements should be re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ad in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The accompanying consolidated financial statements have not been audited by an independent re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gistered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ecessary for the fair statement of the Company&amp;#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The preparation of financial statements requires management to make estima&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tes and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;al results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The results of operations for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; may not be indicative of the results that may be expected for the year ending &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; consolidated balance sheet was derived from audited financial statements, but does not include all disclosures requi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;red by GAAP for annual periods. Certain amounts have been reclassified in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;prior year&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s financial statements to conform to the current presentation. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Such &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reclassifications had no impact on total revenues, expenses, assets, liabilities, shareh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olders&amp;#8217; equity&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, operating cash flows, investing cash flows, or financing cash flows&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for all periods presente&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:NotesPayable id="ID_24" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2776000000</us-gaap:NotesPayable>
  <us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock id="ID_25" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Net Gain&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivatives Not Designated as&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Hedging Instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Location of Gain (Loss) Recognized in Income on Derivative&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;in Income&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(107)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(72)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Net Gain&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivatives Not Designated as&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Hedging Instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Location of Gain (Loss) Recognized in Income on Derivative&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;in Income&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;823&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(339)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(23)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
  <mbi:SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock id="ID_26" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Reserve &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;97&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15.75pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Includes investments insured by MBIA Corp. and National.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock>
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  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_49" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1162000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:GainLossOnDerivativeInstrumentsNetPretax id="ID_50" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">469000000</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings id="ID_51" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">9000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings>
  <mbi:DerivativeAssetCounterpartyNettingAmountFairValue id="ID_52" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">1000000</mbi:DerivativeAssetCounterpartyNettingAmountFairValue>
  <mbi:GrossReserveRecoveriesOnUnpaidLosses id="ID_53" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_LoanStatusAxis_mbi_ExcessSpreadMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRmbsAndHelocAndCesMember" unitRef="USD" decimals="-6">14000000</mbi:GrossReserveRecoveriesOnUnpaidLosses>
  <us-gaap:PaymentsForRepurchaseOfCommonStock id="ID_54" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:PaymentsForRepurchaseOfCommonStock>
  <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue id="ID_55" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">227000000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue>
  <us-gaap:PaymentsForOperatingActivities id="ID_56" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">111000000</us-gaap:PaymentsForOperatingActivities>
  <us-gaap:OtherLiabilities id="ID_57" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">271000000</us-gaap:OtherLiabilities>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_58" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock id="ID_59" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,750&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,756&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;210&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,088&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,098&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,129&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;345&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:174pt;text-align:left;border-color:Black;min-width:174pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;834&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,513&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,518&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;596&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;737&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;737&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:201pt;text-align:left;border-color:Black;min-width:201pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,725&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,522&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,368&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Credit derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;207&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(109)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Warrants&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,266&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,653&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,795&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(109)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;573&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;118&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,732&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,048&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,162&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;794&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;198&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,345&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;428&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;729&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;729&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;194&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,087&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,510&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,613&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Credit derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for loans purchased&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Warrants&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,047&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,344&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_60" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysA1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_61" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBelowInvestmentGradeMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">240000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <mbi:ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue id="ID_62" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="pure" decimals="2">0.53</mbi:ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue>
  <mbi:SegmentRevenue id="ID_63" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">77000000</mbi:SegmentRevenue>
  <us-gaap:DisclosureOfCreditDerivativesTextBlock id="ID_64" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:17.25pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='22' rowspan='1' style='width:443.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:443.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;As of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:327.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Notional Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:44.25pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Credit Derivatives Sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Weighted Average Remaining Expected Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AAA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;BBB&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value Asset (Liability)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.4 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;968&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;146&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8,086&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19.5 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,778&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;961&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,877&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,746&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,149&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11,963&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(204)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(210)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:left;border-color:Black;min-width:39pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:16.5pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='22' rowspan='1' style='width:434.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:434.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt; As of December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Notional Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:52.5pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Credit Derivatives Sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Weighted Average Remaining Expected Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AAA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;BBB&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value Asset (Liability)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.6 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,914&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;968&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9,481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16.7 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;117&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,935&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;970&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,914&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,903&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,163&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,182&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13,525&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(240)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(246)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DisclosureOfCreditDerivativesTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_65" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">82000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_66" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">-55000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_67" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">37000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax id="ID_68" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-1000000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_69" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_CreditDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">207000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <mbi:TransfersOutOfLevelTwo id="ID_70" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</mbi:TransfersOutOfLevelTwo>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease id="ID_71" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_MediumTermNotesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">12000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease>
  <mbi:DerivativeLiabilityCounterpartyNetting id="ID_72" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">81000000</mbi:DerivativeLiabilityCounterpartyNetting>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_73" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">345000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod id="ID_74" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember">P9Y4M24D</us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_75" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember_us-gaap_StatementBusinessSegmentsAxis_mbi_FirstLienRMBSReservesMember" unitRef="USD" decimals="-6">267000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <dei:DocumentFiscalYearFocus id="ID_76" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">2015</dei:DocumentFiscalYearFocus>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount id="ID_77" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_78" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">1573000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_79" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor id="ID_80" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_mbi_MbiaCorpAndNationalMember_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">38000000</mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor>
  <invest:DerivativeNotionalAmount id="ID_81" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">1450000000</invest:DerivativeNotionalAmount>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic id="ID_82" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="shares" decimals="0">181735876</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:ComprehensiveIncomeNetOfTax id="ID_83" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">70000000</us-gaap:ComprehensiveIncomeNetOfTax>
  <us-gaap:UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic id="ID_84" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">5000000</us-gaap:UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic>
  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_85" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_VariableInterestEntityNotesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_LiabilitiesOfConsolidatedViesMember" unitRef="USD" decimals="-6">8000000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <mbi:SegmentExpense id="ID_86" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_IntersegmentEliminationMember" unitRef="USD" decimals="-6">-43000000</mbi:SegmentExpense>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_87" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">838000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_88" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_MediumTermNotesMember" unitRef="USD" decimals="-6">197000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_89" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_MultiSectorCDOMember_us-gaap_ValuationTechniqueAxis_mbi_DirectPriceModelMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="USD" decimals="-6">9000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_90" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember" unitRef="USD" decimals="-6">21000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <mbi:IncreaseDecreaseInOtherNetRealizedGainsLosses id="ID_91" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-1000000</mbi:IncreaseDecreaseInOtherNetRealizedGainsLosses>
  <mbi:PayableForInvestmentsPurchasedFairValueDisclosure id="ID_92" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD" decimals="-6">71000000</mbi:PayableForInvestmentsPurchasedFairValueDisclosure>
  <mbi:ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock id="ID_93" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;text-align:left;border-color:Black;min-width:21pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Below&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;text-align:left;border-color:Black;min-width:24.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Aaa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Aa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Baa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Not Rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:25.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:25.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:21pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:29.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:29.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Asset Type&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:25.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:25.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:29.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:29.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;ABS &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;MBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;174&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(100)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:21pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;574&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock>
  <us-gaap:FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings id="ID_94" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_TotalGainsLossesIncludedInEarningsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">49000000</us-gaap:FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues id="ID_95" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues>
  <us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod id="ID_96" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember">P6Y10M24D</us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod>
  <us-gaap:DerivativeFairValueOfDerivativeLiability id="ID_97" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_MediumTermNotesAndOtherInvestmentsMember_us-gaap_DerivativeInstrumentRiskAxis_mbi_EmbeddedMember" unitRef="USD" decimals="-6">14000000</us-gaap:DerivativeFairValueOfDerivativeLiability>
  <mbi:TransfersIntoAndOutOfLevelOne id="ID_98" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</mbi:TransfersIntoAndOutOfLevelOne>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_99" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">24000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue id="ID_100" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2635000000</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue>
  <us-gaap:SegmentReportingDisclosureTextBlock id="ID_101" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 10: Business Segments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As defined by segment reporting, an operating segment is a component &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of a company (&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;)&amp;#160;that engages in business activities from which it earns revenue and incurs expenses, (ii)&amp;#160;whose operating results are regularly reviewed by the Chief &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and, (iii)&amp;#160;for which discrete financial information is available. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company manages its businesses across three oper&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ating segments: &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1) U.S. public finance insurance; 2) international and structured finance insurance; and 3) corporate. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&amp;#8217;s U.S. public finance insurance business is operated through National and its international and structured finance insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;business is operated through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. Prior to 2015, the Company managed two other operating segments, advisory services and conduit. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;During 2014, the Company dissolved its conduit segment by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;extinguishing &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the remaining &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;liabilities of the segment and liq&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uidating the Company&amp;#8217;s remaining conduit, Me&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ridian&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and effective January 1, 2015, the Company exited its advisory services business with the completed sale of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Cutwater to a subsidiary of The Bank of New York Mellon Corporation. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following sections pro&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;vide a description of each of the Company&amp;#8217;s reportable operating segments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;U.S. Public Finance Insurance&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s U.S. public finance insurance segment is principally conducted through National. The financial guarantees issued by National provide unco&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S. public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;its discretion, to accelerate insured obligations upon default or otherwise. National issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, hea&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lth care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and private&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ly issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;International &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Structured F&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;inance&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; Insurance &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s international &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;structured finance&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;segment is principally conducted through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. The financial guarantees issued by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. generally provide unconditional and irrevocable guarantees of the payment of pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;incipal of, and interest or other amounts owing on, non-U.S. public finance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and global structured finance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insured obligations when due, or in the event &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, upon &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8217;s acceleration. Certain guaranteed investment contracts written by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. are insured by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp., and if &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. were to have insufficient assets to pay amounts due upon maturity or termination, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. would make such payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. also insures debt obligations of the following affiliates:&lt;/font&gt;&lt;/p&gt;&lt;ul&gt;&lt;li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc.;&lt;/font&gt;&lt;/li&gt;&lt;li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Global Funding, LLC (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;GFL&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;;&lt;/font&gt;&lt;/li&gt;&lt;li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Investment Management Corp. (&amp;#8220;IMC&amp;#8221;); and&lt;/font&gt;&lt;/li&gt;&lt;li style='text-align:left;margin-top:0pt;margin-bottom:9pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;LaCrosse&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Financial Products, LLC, a wholly-owned affiliate, in which &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. has written i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nsurance policies guaranteeing the obligations under CDS, including termination payments that may become due upon certain events including the insolvency or payment default of the financial guarantor or the CDS issuer. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. insure&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;non&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;-U.S. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;public finance and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;global structured finance, including asset-backed obligations. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. has insured &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sovereign-related and sub-sovereign &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bonds, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;utilities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, privately issued bonds used for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the financing of projects&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; that &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;include toll roads, bridges, airpo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rts, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;public &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;transportation facilities, and other types of infrastructure projects serving a substantial public purpose. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Global &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;structured finance and asset-backed obligations typically are securities repayable from expected cash flows generated by a specif&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ied pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company is no longer insuring ne&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w credit derivative contracts except for transactions related to the reduction of existing derivative exposure. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. has not written any meaningful amount of business since 2008.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s corporate segment &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;consists of general corporate activities, including &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;providing general support services to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; other operating businesses&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and asset and debt management. General support services are provided by the Company&amp;#8217;s service company, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Services Corporation (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;M&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;BIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Services&amp;#8221;).&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Services &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;provides various support services including, among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a fee-for-service basis. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Debt management includes activities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;related to servicing obligations issued by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. and its subsidiaries, IMC and GFL&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. issued debt to finance the operations of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; group. IMC, along with &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc., provided customized investment agreements, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;guaranteed by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp., for b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. It also provided customized products for funds that are invested as part of asset-backed or structured prod&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uct transactions. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. GFL lent the proceeds of these MTN issuances to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. The company ceased issuing these investment agreements and MTNs a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;outstanding liability balances and corresponding asset balances have declined over time as liabilities mature, terminate or are retired. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;All of the debt within the corporate segment is managed collectively and is serviced by the financial resources &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;available to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Asset management activities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;provide for opportunities in investments and provide general liquidity support to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Advisory Services&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The advisory services segment primarily consist&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the operations of Cutwater Investor Services Corp. and Cutwater Asset Management Corp. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and was a fee-for-service investment management business focused on fixed-income markets. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Effective with the January 1, 2015 sale of Cutwater, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; has no business activ&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ities within its advisory services segment.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Conduit&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s conduit segment was operated through Meridian and administered through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Asset Finance, LLC. Assets financed by Meridian were funded by MTNs. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;In 2014, the Company extinguished the remain&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing liabilities of this segment and liquidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Meridian&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;
&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Segments Results&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following tables provide the Company&amp;#8217;s segment results for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:305.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:305.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;U.S. &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;International &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Public &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and Structured&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;139&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net change in fair value of insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:223.5pt;text-align:left;border-color:Black;min-width:223.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other net realized gains (losses) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;72&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;219&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Losses and loss adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Expenses of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment expenses&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Identifiable assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,859&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10,578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,737&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3,259)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15,915&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:231pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:231pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='20' rowspan='1' style='width:428.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:428.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;U.S. &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;International &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Public &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and Structured&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Advisory&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Services&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Conduit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net change in fair value of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;468&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;instruments at fair value and &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(52)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;extinguishment of debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other net realized gains (losses) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment revenues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;529&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;577&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Losses and loss adjustment &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Operating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Expenses of consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Inter-segment expenses&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;139&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;390&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(79)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Identifiable assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,124&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10,867&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,640&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3,654)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16,087&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:121.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(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.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;        receivables and payables.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ms&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;inan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ee&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ep&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;wi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ce &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;re &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gen&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;wi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;id&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;U&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;S.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lowin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;z&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ms&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ea&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ne&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;eog&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;aph&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sk&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total premiums earned:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;United Kingdom&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Europe (excluding United Kingdom)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Internationally diversified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Central and South America&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asia&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_102" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">794000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_103" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">12000000</us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_104" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_105" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">4000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:IncreaseDecreaseCashCollateralFromCounterparties id="ID_106" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">46000000</us-gaap:IncreaseDecreaseCashCollateralFromCounterparties>
  <us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts id="ID_107" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-13000000</us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts>
  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock id="ID_108" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td 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style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Credit derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(37)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td 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style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td 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style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td 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style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;VIE notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;695&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(51)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;695&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(60)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,795&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(49)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='14' rowspan='1' style='width:211.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:211.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:5pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:546.75pt;text-align:left;border-color:Black;min-width:546.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Transferred in and out at the end of the period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Credit derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;339&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td 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style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td 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style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td 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style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;VIE notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;940&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;812&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Currency derivatives,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;369&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(813)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(444)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:544.5pt;text-align:left;border-color:Black;min-width:544.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Transferred in and out at the end of the period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_109" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">121000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <invest:DerivativeNotionalAmount id="ID_110" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">4044000000</invest:DerivativeNotionalAmount>
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  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax id="ID_112" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax>
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  <us-gaap:AssetsFairValueDisclosureNonrecurring id="ID_117" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">132000000</us-gaap:AssetsFairValueDisclosureNonrecurring>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_118" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">2000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <mbi:FeesAndReimbursements id="ID_119" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">4000000</mbi:FeesAndReimbursements>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_120" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">50000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_121" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">3463000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements id="ID_122" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CreditDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">339000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue id="ID_123" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_us-gaap_LoansReceivableMember_us-gaap_ValuationTechniqueAxis_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1480000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
  <us-gaap:NetInvestmentIncome id="ID_124" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">12000000</us-gaap:NetInvestmentIncome>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount id="ID_125" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount>
  <us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax id="ID_126" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedTranslationAdjustmentMember" unitRef="USD" decimals="-6">0</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax>
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  <mbi:NumberOfPolicies id="ID_128" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="Policies" decimals="INF">315</mbi:NumberOfPolicies>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_129" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_NotRatedMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">24000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_130" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">2000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
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  <us-gaap:BasisOfAccountingPolicyPolicyTextBlock id="ID_132" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Basis of Presentation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Fo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rm 10-Q and Article 10 of Regulation S-X and, accordingly, do not include all of the information and disclosures required by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;accounting principles generally accepted in the United States of America (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;GAAP&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for annual periods. These statements should be re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ad in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The accompanying consolidated financial statements have not been audited by an independent re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gistered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ecessary for the fair statement of the Company&amp;#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The preparation of financial statements requires management to make estima&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tes and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;al results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The results of operations for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; may not be indicative of the results that may be expected for the year ending &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; consolidated balance sheet was derived from audited financial statements, but does not include all disclosures requi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;red by GAAP for annual periods. Certain amounts have been reclassified in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;prior year&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s financial statements to conform to the current presentation. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Such &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reclassifications had no impact on total revenues, expenses, assets, liabilities, shareh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olders&amp;#8217; equity&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, operating cash flows, investing cash flows, or financing cash flows&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for all periods presente&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
  <us-gaap:MediumTermNotes id="ID_133" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">1201000000</us-gaap:MediumTermNotes>
  <us-gaap:AccruedInvestmentIncomeReceivable id="ID_134" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">43000000</us-gaap:AccruedInvestmentIncomeReceivable>
  <mbi:TotalEstimatedInsuranceRecoveries id="ID_135" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LoanRepurchaseCommitmentsMember_mbi_ClassifiedStatusAxis_mbi_IneligibleLoanRecoveriesMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember" unitRef="USD" decimals="-6">379000000</mbi:TotalEstimatedInsuranceRecoveries>
  <us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1 id="ID_136" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="Security" decimals="INF">14</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
  <mbi:PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock id="ID_137" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total premiums earned:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;United Kingdom&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Europe (excluding United Kingdom)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Internationally diversified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Central and South America&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asia&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock>
  <us-gaap:DerivativeCollateralRightToReclaimSecurities id="ID_138" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">215000000</us-gaap:DerivativeCollateralRightToReclaimSecurities>
  <us-gaap:AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds id="ID_139" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">16000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds>
  <mbi:RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives id="ID_140" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">-9000000</mbi:RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_141" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_InvestmentsCarriedAtFairValueMember" unitRef="USD" decimals="-6">1000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:NotesPayable id="ID_142" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2742000000</us-gaap:NotesPayable>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_143" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">5000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:IncreaseDecreaseCashCollateralFromCounterparties id="ID_144" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-110000000</us-gaap:IncreaseDecreaseCashCollateralFromCounterparties>
  <us-gaap:DerivativeLiabilities id="ID_145" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">391000000</us-gaap:DerivativeLiabilities>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue id="ID_146" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">60000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue>
  <us-gaap:LongTermDebtFairValue id="ID_147" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">1113000000</us-gaap:LongTermDebtFairValue>
  <us-gaap:FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus id="ID_148" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">52000000</us-gaap:FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus>
  <mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue id="ID_149" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherAssetsMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">83000000</mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_150" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">2344000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:GainLossOnDerivativeInstrumentsNetPretax id="ID_151" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">28000000</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
  <us-gaap:GainLossOnDerivativeInstrumentsNetPretax id="ID_152" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">469000000</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3 id="ID_153" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">29000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_154" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">2088000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3 id="ID_155" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">17000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_156" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">6522000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_157" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">69000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_158" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <mbi:TransfersIntoLevelTwo id="ID_159" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">11000000</mbi:TransfersIntoLevelTwo>
  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_160" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-813000000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_161" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">6510000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease id="ID_162" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CurrencyDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_LiabilitiesOfConsolidatedViesMember" unitRef="USD" decimals="-6">-6000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_163" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">404000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax id="ID_164" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax>
  <us-gaap:DeferredTaxLiabilities id="ID_165" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">15000000</us-gaap:DeferredTaxLiabilities>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_166" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">-4000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:PreferredStockSharesIssued id="ID_167" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="shares" decimals="INF">0</us-gaap:PreferredStockSharesIssued>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability id="ID_168" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">791000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_169" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">2000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount id="ID_170" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember" unitRef="USD" decimals="-6">2000000</us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_171" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">74000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_172" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_LoanRepurchaseCommitmentsMember" unitRef="USD" decimals="-6">6000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent id="ID_173" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="USD" decimals="-6">1000000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability id="ID_174" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability>
  <mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable id="ID_175" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1876000000</mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_176" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">573000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors id="ID_177" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="pure" decimals="2">1</mbi:PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors>
  <us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock id="ID_178" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;on AFS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Foreign Currency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities, Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Translation, Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Balance, December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(20)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Amounts reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(20)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Balance, March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock>
  <mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets id="ID_179" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_180" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_us-gaap_ValuationTechniqueAxis_mbi_DiscountedCashFlowMember" unitRef="USD" decimals="-6">21000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <us-gaap:AvailableForSaleSecuritiesAmortizedCost id="ID_181" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">5155000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_182" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember" unitRef="USD" decimals="-6">1372000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <mbi:IncreaseDecreaseInLossAdjustmentExpenseRecoveries id="ID_183" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-1000000</mbi:IncreaseDecreaseInLossAdjustmentExpenseRecoveries>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_184" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CorporateDebtSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">363000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <mbi:ProceedsFromConsolidationOfVariableInterestEntity id="ID_185" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">7000000</mbi:ProceedsFromConsolidationOfVariableInterestEntity>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_186" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">719000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax id="ID_187" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-20000000</us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax>
  <mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor id="ID_188" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AllOtherSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor>
  <us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted id="ID_189" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Recent &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;Accounting Developments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In May of 2014, the FAS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;B issued ASU 2014-09, &amp;#8220;Revenue from Contracts with Customers (Topic 606).&amp;#8221; ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; other accounting standards. ASU 2014-09 is effective for interim and annual periods beginning January 1, 2017, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Compensation-St&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;ock Compensation (Topic 718&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In June &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of 2014, the FASB issued ASU 2014-12, &amp;#8220;Compensation-Stock Compensation (Topic 718)-Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.&amp;#8221; ASU 2014-12 requires &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;that a performance target that affects vesting of share-based payment awards and that could be achieved after an employee&amp;#8217;s requisite service period be accounted for as a performance condition. ASU 2014-12 is effective for interim and annual periods beginn&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing January 1, 2016 with early adoption permitted, and is applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Consolidation (Topic 810)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;) &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In August of 2014, the FASB issued ASU 2014-13, &amp;#8220;Consolidation (Topic 810)-Measuring the Financial Assets and the Financial Liabil&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ities of a Consolidated Collateralized Financing Entity.&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ASU 2014-13 applies to a consolidated collateralized financing entity defined as a consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;variable interest entity (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; that holds financial assets and issues beneficial interests in those &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;financial assets that are classified as financial liabilities. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; may elect to measure the financial assets and the financial liabilities of a consolidated collateralized financing entity using a measurement alternative provided in ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e measurement alternative requires both the financial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more observable of the fair value of the financial assets and the fair value of the fina&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ncial liabilities with the changes in fair value recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing consolidated collateralized financing entities. ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is effective for interim and annual per&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iods beginning January 1, 2016 with early adoption permitted. The adoption of ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Presentation of Financial Statements&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Going Concern (Subtopic 205-40): Disclosure&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; of Uncertainties about an Entity&amp;#8217;s Ability to Continue as a Going Concern&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;(ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;15&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In August of 2014, the FASB issued ASU 2014-15, &amp;#8220;Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&amp;#8217;s Ab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ility to Continue as a Going Concern.&amp;#8221; ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity&amp;#8217;s ability to continue as a going concern, and to provide certain disclosures when it is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period end&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; December 31, 2016 and for annual periods and i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nterim periods thereafter with early adoption permitted. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The adoption of ASU 2014-15 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Consolidation (Topic 810) &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;Amendments to the Consolidation Analysis &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;(ASU 2015-02)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; February of 2015, the FASB issued ASU 2015-02, &amp;#8220;Consolidation (Topic 810)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Amendments to the Consolidation Analysis&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&amp;#8221; ASU 2015-02 amends the accounting guidance for consolidation of legal entities including &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. ASU 2015-02 eliminates the specialized cons&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olidation model and guidance for limited partnerships, amends the conditions for evaluating whether a fee paid to a decision maker or a service provider represents a variable interest in a VIE, amends the related party guidance for the determination of the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; primary beneficiary of a VIE, and requires certain investment funds designed as &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, except money market funds, to apply the amended consolidation guidance. ASU 2015-02 is effective for interim and annual periods beginning January 1, 2016 with early adop&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tion permitted, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2015-02.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (ASU 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;5-03)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In April of 20&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;15, the FASB issued ASU 2015-03&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &amp;#8220;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.&amp;#8221; ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o be reported in the balance sheet as a direct deduction from the face amount of the debt liability. ASU 2015-03 is e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ffective for interim and annual &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;periods beginning January 1, 2016 with early adoption permitted, and is applied on a retrospective basis.  &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The adoption of ASU 2015-03 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted>
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  <us-gaap:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock id="ID_226" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 5: Loss and Loss Adjustment Expense Reserves&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Loss and Loss Adj&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;ustment Expense Process&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;margin-left:0pt;' &gt;U.S. Public Finance&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;' &gt; Insurance&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;U.S. public finance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; transactions consist&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;weighted scenarios that are customized to each insured transaction. Future loss estimates consider debt service due for each insured transaction, which includes par outstanding and interest due.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Comp&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;any established loss and loss adjustment expense (&amp;#8220;LAE&amp;#8221;) reserves totaling $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;35&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;45&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, and insurance loss recoverable of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million related to U.S. public finance issues. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Certain local go&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;vernments remain under financial and budgetary stress and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a few &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;have filed for protection under the United States Bankruptcy Code, or have entered into state statutory proceedings established to assist municipalities in managing through periods of severe f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iscal stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insured transactions. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; monitor&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and analyze&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; these situations closely&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owever&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the overall extent and duration of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;such&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; events &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; uncertain&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and the filing for protection under the United States Bankruptcy Code or entering state statutory proceedings does not result in a default or indicate that an ultimate loss will occur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;As&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company had $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;92.5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; billion and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;98.9&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; billion, respectively, of gross par outstanding on general obligations, of which $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;83&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;152&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, were refle&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;cted on the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Classified List.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Capital appreciation bonds &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are reported at the par amount &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;at the time of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;issuance of the insurance policy&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Refer to &amp;#8220;Note 6: Loss and Loss Adjustment Expense Reserves&amp;#8221; in the Notes to Consolidated Financial Statemen&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ts included in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for additional information on the Company&amp;#8217;s surveillance categories.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;margin-left:0pt;' &gt;International&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;' &gt; and Structured Finance Insurance &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;international and structured finance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insurance segment&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; case basis reserves and insurance loss recoveries recorded in accordance with GAAP do not include estimates for policies insuring credit derivatives&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or losses and recoveries on financial guarantee &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; that are eliminated in consolidati&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Policies insuring credit derivative contracts are accounted for as derivatives and carried at fair value under GAAP. The fair values of insured derivative contracts are influenced by a variety of market and transaction-specific factors that may be unre&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lated to potential future claim payments under the Company&amp;#8217;s insurance policies. In the absence of credit impairments on insured derivative contracts or the early termination of such contracts at a loss, the cumulative unrealized losses recorded from these&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; contracts should reverse before or at the maturity of the contracts.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;RMBS Case Basis Reserves and Recoveries (Financial Guarantees)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s RMBS reserves and recoveries relate to financial guarantee insurance policies. The Company calculated RMBS ca&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;se basis reserves as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for both second and first-lien RMBS transactions using a process called the &amp;#8220;Roll Rate Methodology&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; The Roll Rate Methodology is a multi-step process using a database of loan level information, a proprietary in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ternal cash flow model, and a commercially available model to estimate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;potential &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;losses &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and recoveries &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on insured bonds. &amp;#8220;Roll Rate&amp;#8221; is defined as the probability that current loans become delinquent and that loans in the delinquent pipeline are charged-of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f or liquidated. Generally, Roll Rates are calculated for the previous three months and averaged. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses (base case, stress case, and an additional stress cas&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; second-lien&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; loans that are expected to be charged-off (deemed uncollectible by servicers of the transactions) or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;first-lien loans &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;liquidated in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;future. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Refer &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &amp;#8220;Note&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; 6: Loss and Loss Adjustment Expense Reserves&amp;#8221; in the Notes to Consolidated Financial Statements included in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for additional information on the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;second and first-l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ien Roll Rate Methodology&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Second-lien RMBS Reserves&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s second-lien RMBS case basis reserves as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; relate to RMBS backed by home e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;quity lines of credit (&amp;#8220;HELOC&amp;#8221;) &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and closed-end second mortgages (&amp;#8220;CES&amp;#8221;).&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company established loss and LAE reserves totaling $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;71&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;70&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, related to second-lien RMBS issues after the elimination of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;29&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;million, respectively, as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company monitors portfolio performance on a monthly basis against projected performance, reviewing delinquencies, Roll Rates, and prepayment rates (including voluntary and involuntary). However&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;loan &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;If actual&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; performance were to remain at the current levels for six additional &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;month&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s compared to the pro&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bability-weighted&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;outcome&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; currently used by the Company, t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he addition to the case basis reserves&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;would be approximately $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;40&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Second-lien R&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;MBS Recoveries&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company primarily records two types of recoveries related to insured second-lien RMBS exposures: &amp;#8220;put-back&amp;#8221; claims related to those mortgage loans whose inclusion in insured securitizations failed to comply with representations and warra&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nties (&amp;#8220;ineligible loans&amp;#8221;) and excess spread that is generated from performing loans in the insured transactions.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Excess Spread&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company recorded estimated recoveries of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;502&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;523&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reimbursement of past and future expected claims through excess spread in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insured second-lien RMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; transactions&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; after the elimination of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;124&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;137&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;488&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;14&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;included in &amp;#8220;Insurance loss recoverable&amp;#8221; and &amp;#8220;Loss and loss adjustment expense reserves&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; on the Company&amp;#8217;s consolidated balance sheets, respectively, after th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e elimination of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;122&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million in &amp;#8220;Insurance loss recoverable&amp;#8221; and in &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Loss and loss adjustment expense reserves&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;, respectively, as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;496&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;27&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were included in &amp;#8220;Ins&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;urance loss recoverable&amp;#8221; and &amp;#8220;Loss and loss adjustment expense reserves&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets, respectively, after the elimination of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;132&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Excess spread is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;generated by performing loans within insured second-lien RMBS securitizations and is the difference between interest inflows on mortgage loan collateral and interest outflows on insured beneficial interests. The amount of excess spread depends on the futur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e loss trends (which include future delinquency trends, average time to charge-off delinquent loans, and the availability of pool mortgage insurance), the future spread between Prime and London Interbank Offered Rate (&amp;#8220;LIBOR&amp;#8221;) interest rates; and borrower &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;refinancing behavior which results in voluntary prepayments. Minor deviations in loss trends and voluntary prepayments may substantially impact the amounts collected from excess spread. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Ineligible Mortgage Loans&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;To date, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;has &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;settled the majority of t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;put-back claims&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Only its claims against Credit Suisse remain outstanding. Settlement amounts have been &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;consistent with &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;put-back recoveries previously included in the Company&amp;#8217;s financial statements.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The contract claim remaining with Credi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t Suisse is related to the inclusion of ineligible mortgage loans in the 2007-2 Home Equity Mortgage Trust securitization. Credit Suisse has challenged the Company&amp;#8217;s assessment of the ineligibility of individual mortgage loans and the dispute is the subjec&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t of litigation for which there is no assurance that the Company will prevail. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company recorded estimated recoveries&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;385&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;illion &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;379&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;related to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;its Cred&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;it Suisse &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;put-back claims&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, reflected&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in &amp;#8220;Loan repurchase commitments&amp;#8221; presented under the heading &amp;#8220;Assets of consolidated variable interest entities&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Based on the Company&amp;#8217;s assessment of the strength of its contractual put-back rights &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;against &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Credit Suisse, which it is pursuing through litigation claims, as well as on its prior settlements with other sellers/servicers and success of other &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;monolines&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;itigation against other sellers/servicers, the Company believes it will prevail in enforcing its contractual rights and that it is entitled to collect the full amount of its incurred losses, which totaled $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;418&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The Comp&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;any is also entitled to collect interest on amounts paid; it believes that in context of its put-back litigation, the appropriate rate should be the New York State statutory rate. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;However, the Company currently calculates its put-back recoveries using the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;contractual interest rate, which is lower than the New York State statutory rate.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Notwithstanding the foregoing, u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ncertainty &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;remains &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;with respect to the ultimate outcome&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of the litigation with Credit Suisse, which is contemplated in the scenario based-mode&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ling the Company uses. The Credit Suisse recovery scenarios are based on the amount of incurred losses measured against certain probabilities of ultimate resolution of the dispute with Credit Suisse. Most of the probability weight is assigned to partial re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;covery scenarios and a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;re discounted using the current risk-free discount rates associated with the underlying transaction&amp;#8217;s cash flows&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company continues to consider all relevant facts and circumstances&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in developing its assumptions on expected cash i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nflows, probability of potential recoveries (including the outcome of litigation) and recovery period. The estimated amount and likelihood of potential recoveries are expected to be revised and supplemented to the extent there are developments in the pendi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng litigation and/or changes to the financial condition of Credit Suisse. While the Company believes it will be successful in realizing &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;recoveries from&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; its&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; contract claims&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; against Credit Suisse&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the ultimate amounts recovered may be materially differen&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t from those recorded by the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company given the inherent uncertainty of the manner of resolving the claims (e.g., litigation) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and othe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r information that are not easily corroborated by historical data or other relevant benchmarks.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;First-lien RMBS Reserves&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s first-lien RMBS case basis reserves as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, which primarily relate to RMBS backed by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alternative A-pa&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;per &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and subprime mortgage loans&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; were determined using the Roll Ra&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;te Methodology. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company established loss and LAE reserves totaling $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;267&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million related to first-lien RMBS issues after the elimination of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company established loss and LAE reserves totaling $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;263&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million related to first-lien RMBS issues. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt; Reserves&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has established loss and LAE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; reserves on certain transactions within its collateralized debt obligation (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;) portfolio, including its multi-sector &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, commercial mortgage-backed securities (&amp;#8220;CMBS&amp;#8221;), and high-yield corporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; asset classes. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured  multi-sector CDOs are&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes but are not limited to RMBS related collateral, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;multi-sector and corporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDOs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. These transactions were insured as either financia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l guarantee insurance policies or credit derivatives with the majority currently insured in the form of financial guarantees.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; transactions comprise structured CMBS pools&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;commercial real estate (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CRE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; CDOs. The majority of this portfolio is accounted for as insured credit derivatives and carried at fair value in the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Refer to &amp;#8220;Note &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;: Derivative Instruments&amp;#8221; for a further discussion of the Company&amp;#8217;s use of de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rivatives and their impact on the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Since the Company&amp;#8217;s insured credit derivatives have similar terms, conditions, risks, and economic profiles to its financial guarantee insurance policies, the Company evaluates &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;them for impairment in the same way that it estimates loss and LAE for its financial guarantee policies.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; high yield corporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; portfolio c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;omprises middle-market/special-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;opportunity corporate loan transactions. These transactions were insured as f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;inancial guarantee insurance policies.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following discussion provides information about the Company&amp;#8217;s process for estimating reserves and credit impairments on these policies, determined as the present value of the probability-weighted potential future &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;losses, net of estimated recoveries, across multiple scenarios.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company considers several factors when developing the range of potential outcomes and their impact on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The following approaches require substantial judgments about the future performa&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nce of each transaction: &lt;/font&gt;&lt;/p&gt;&lt;ul&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Each transaction is evaluated for its commutation potential, which is customized by counterparty and considers historical commutation prices, the level of dialogue with the counterparty and the credit quality and payment profile o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f the underlying exposure.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A range of loss scenarios is considered under different default and severity rates for each transaction&amp;#8217;s collateral.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The loss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;es&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; projected by these approaches vary widely. Actual losses will be a function of the proportion of collateral in the pools that default and the loss severities associated with those defaults.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;oss and LAE reserves were $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;113&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;111&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, related to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the total &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; financial guarantee insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;portfolio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; after the elimination of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;33&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;225&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, as a result of consolidating&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. For the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;thr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ee months &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;31, 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;incurred $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of losses and LAE recorded in earnings related to the total &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; financial guarantee insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;portfolio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; after the elimination of a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;expense &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;as a result of consolidating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. In the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; event of further deteriorating performance of the collateral referenced or held in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;total &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;portfolio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the amount of losses estimated by the Company could increase &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;substant&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ially.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Loss and LAE Activity&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Financial Guarantee Insurance Losses (&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;Excluding &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;Derivative&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt; and Consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s financial guarantee insurance losses and LAE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, net of reinsurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and 2014 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are presented in the following table:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, &lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Public Finance Insurance Segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;International and Structured Finance Insurance Segment:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Second-lien RMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;First-lien RMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Losses and LAE expense (benefit)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:5pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The decrease &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in losses and LAE expense&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the three months ended March 31, 2015 com&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pa&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;red with&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the same period of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; primarily related to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;creases &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in expected payments and increases in expected recoveries on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured first&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and second-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lien RMBS securitizations. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Costs associated with remediating insured obligations assigned to the Company&amp;#8217;s surveillance categories are recorded as LAE and included in &amp;#8220;Losses and loss adjustment&amp;#8221; expenses on the Company&amp;#8217;s consolidated statements of operat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ions. For the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, gross LAE related to remediating insured obligations were a &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;benefit of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; an expense of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively. Decreases in LAE are due to lower litigation expenses as &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a result of settlements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ide&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rm&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bou&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;el&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;la&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bili&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lude&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ea&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ch &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;M&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;B&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rv&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;llan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ce c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ego&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Surveillance Categories&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Classified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Low&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Medium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;High&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of policies&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;310&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of issues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Remaining weighted average contract &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;period (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6.8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12.1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6.9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross insured contractual payments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;outstanding:&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,573&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,375&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7,780&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,884&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;593&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;822&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,371&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;236&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,656&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Claim Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;791&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Potential Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Discount, net&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net claim liability (recoverable)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Unearned premium revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - An &amp;#8220;issue&amp;#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ide&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rm&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bou&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;el&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;la&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bili&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lude&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ea&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ch &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;M&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;B&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rv&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;llan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ce c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ego&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Surveillance Categories&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Classified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Low&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Medium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;High&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of policies&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;315&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of issues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;147&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Remaining weighted average contract &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;period (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10.1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross insured contractual payments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;outstanding:&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11,263&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;696&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;819&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;68&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,037&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,620&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,453&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11,038&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,883&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Claim Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;850&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;850&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Potential Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;860&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;860&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Discount, net&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net claim liability (recoverable)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Unearned premium revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - An &amp;#8220;issue&amp;#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The gross claim liability in the preceding tables represents the Company&amp;#8217;s estimate of undiscounted probability-weighted future claim payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the gross claim liability primarily related to insured first and second-lien RMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; issues, high yield corporate CDOs and an international road transaction.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The gross potent&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ial recoveries&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;represent the Company&amp;#8217;s estimate of undiscounted probability-weighted recoveries of actual claim payments and recoveries of estimated future claim payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the gross potential recoveries &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;principally relate&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; to insured second-lien RMBS &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and U.S. public finance issues&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&amp;#8217;s recoveries have been, and remain based on either salvage rights, the rights conferred to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; through the transactional documents (inclusive of the insurance agre&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ement), or subrogation rights embedded within financial guarantee insurance policies. Expected salvage and subrogation recoveries, as well as recoveries from other remediation efforts, reduce the Company&amp;#8217;s claim liability. Once a claim payment has been mad&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e, the claim liability has been satisfied and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; right to recovery is no longer considered an offset to future expected claim payments, it is recorded as a salvage asset. The amount of recoveries recorded by the Company is limited to paid claims plus t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he present value of projected future claim payments. As claim payments are made, the recorded amount of potential recoveries may exceed the remaining amount of the claim liability for a given policy.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The gross claim liability and gross potential recoveries&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reflect the elimination of claim liabilities and potential recoveries related to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; consolidated by the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the components of the Company&amp;#8217;s loss and LAE reserves and insurance loss recoverable as reported on the Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s consolidated balance sheets as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for insured obligations within &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &amp;#8220;Classified List&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; The loss reserves (claim liability) and insurance claim loss recoverable included in the following table represent t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he present value of the probability-weighted future claim payments and recoveries reported in the preceding tables.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loss reserves (claim liability)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loss and LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;499&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insurance claim loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(527)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(533)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;LAE insurance loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insurance loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(527)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(533)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on unpaid losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on unpaid LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on paid and unpaid losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, loss and LAE reserves include $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;609&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;illion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of reserves for expected future payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, partially&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; offset by expected recoveries of such future payments of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;110&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, loss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and LAE reserves include&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;653&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;illion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of reserves for expected future payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, partially&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; offset by expected recoveries of such future payments of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;147&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the insura&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nce loss recoverable &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;primarily &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;related to expected future recoveries on second-lien RMBS transactions resulting from excess spread generated by performing loans in such &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;transactions&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;decrease in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rance loss recoverable &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;primarily due to decreases&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in projected collections from excess spread within insured second-lien RMBS securitizations.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents changes in the Company&amp;#8217;s loss and LAE reserves for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Changes in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;loss and LAE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;amount and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;timing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of estimated payments and recoveries, changes in assumptions and changes in LAE reserves are recorded in &amp;#8220;Losses and loss adjus&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tment&amp;#8221; expenses in the Company&amp;#8217;s consolidated statements of operations. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the weighted average risk-free rate used to discount the Company&amp;#8217;s loss reserves (claim liability) was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1.49&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;%. LAE reserves are&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; generally&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; expected to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;be settled within a one-year period and are not discounted.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='20' rowspan='1' style='width:354pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:354pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Gross Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:32.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Gross Loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;and LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Payments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Accretion&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;and LAE&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for Cases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;of Claim&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;with&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;499&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:489.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:489.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:489.75pt;text-align:left;border-color:Black;min-width:489.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Primarily changes in amount and timing of payments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; decrease &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in the Company&amp;#8217;s gross loss and LAE reserves reflected in the preceding table was primarily &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;related to loss payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and changes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in amount and timing of payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; on insured first and second-lien RMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; issues&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; decreases in reserves due to changes in discount rates on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; U.S. public finance issues&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. These were&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; partially offset by&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; changes in assumptions and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;increases in reserves due to changes in discount rates on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured first and second-lien RMBS issues&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;io&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ch&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nge&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;est&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tent&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; 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&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;L&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;E&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;se&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The following table&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; present&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; ch&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;anges in the Company&amp;#8217;s insurance loss recoverable and changes in recoveries on unpaid losses reported within the Company&amp;#8217;s claim liability for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Changes in insurance loss recoverable attributable to the a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ccretion of the discount on the recoverable, changes in discount rates, changes in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;amount and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;timing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of estimated collections, changes in assumptions and changes in LAE recoveries are recorded in &amp;#8220;Losses and loss adjustment&amp;#8221; expenses in the Company&amp;#8217;s conso&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lidated statements of operations.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:291.75pt;text-align:center;border-color:Black;min-width:291.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:291.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:291.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Collections&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for Cases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Accretion&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;with&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;533&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recoveries on unpaid &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;border-color:Black;min-width:36.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(40)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;110&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;680&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;637&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) Primarily changes in amount and timing of collections.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;decrease in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ompan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uran&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ce&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;overabl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and recoveries on unpaid losses &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;durin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mar&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ily&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; du&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;collections &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ci&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ate&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; with&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; first and second-lien RMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ue&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; out&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tandin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and changes in assumptions on an international road transaction&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock>
  <us-gaap:AssetsFairValueDisclosureNonrecurring id="ID_227" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">2774000000</us-gaap:AssetsFairValueDisclosureNonrecurring>
  <us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_228" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_229" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAaaRatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <mbi:SegmentPretaxIncomeLoss id="ID_230" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">92000000</mbi:SegmentPretaxIncomeLoss>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases id="ID_231" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">5000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
  <mbi:FairValueDisclosureWeightedAverageInYears id="ID_232" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_WeightedAverageLifeMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="myYears" decimals="1">2</mbi:FairValueDisclosureWeightedAverageInYears>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue id="ID_233" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1449000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_234" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">103000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <mbi:FairValueMeasurementRangePercentage id="ID_235" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_UnobservableInputAxis_mbi_ImpactOfFinancialGuaranteeMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_VariableInterestEntityNotesMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="pure" decimals="4">0</mbi:FairValueMeasurementRangePercentage>
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  <mbi:TransfersIntoAndOutOfLevelOne id="ID_258" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</mbi:TransfersIntoAndOutOfLevelOne>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_259" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">-58000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
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  <mbi:NumberOfPolicies id="ID_264" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="Policies" decimals="INF">5</mbi:NumberOfPolicies>
  <mbi:PayableForInvestmentsPurchasedFairValueDisclosure id="ID_265" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">42000000</mbi:PayableForInvestmentsPurchasedFairValueDisclosure>
  <us-gaap:ScheduleOfVariableInterestEntitiesTextBlock id="ID_266" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 4: Variable Interest Entities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;international and structured finance insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;segment, the Company provides credit protection to issuers of obligations that may involve issuer-sponsored special purpose entities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;(&amp;#8220;SPEs&amp;#8221;). An SPE may be considered a VIE to the extent the SPE&amp;#8217;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated financial support or its equity investors lack any one of the following char&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;acteristics&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; (i) the power to direct the activities of the SPE that most significantly impact the entity&amp;#8217;s economic performance or (ii) the obligation to absorb the expected losses of the entity or the right to receive the expected residual returns of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest id&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;entifies the primary beneficiary as the variable interest holder that has both of the following characteristics&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; (i) the power to direct the activities of the VIE that most significantly impact the entity&amp;#8217;s economic performance and (ii) the obligation to a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bsorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to be performed based on any substantive changes in facts and circumstances involving the VIE and its variable interests.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;termination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a controlling financi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;al interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company makes its determination for consolidation based on a qualitative assessment&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligati&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ons issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain continge&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nt events, and these activities may be considered the activities of a VIE that most significantly impact the entity&amp;#8217;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonpe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic per&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;formance of the entity based on facts and circumstances, MBIA is deemed to have a controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financ&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ial interest that may result in consolidation or deconsolidation of any VIE.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s advisory services segment &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;provide&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; asset management and advisory services to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. During &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014, the Company consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as the primary beneficiary, pursuant to this segment&amp;#8217;s activities. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, 2014, the Company h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;eld&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;approximately &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of the subordinated notes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; issued by one of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ha&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; no obligation or commitment to provide &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;additional financial support or liquidity to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hese &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Effective January 1, 2015, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;completed the sale of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; its Cutwater business and deconsolidated these &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Refer to &amp;#8220;Note 1: Business Developments and Risks and Uncertainties&amp;#8221; for additional information about the sale of Cutwater. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;N&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New 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New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;liga&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;io&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ue&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;by non&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lida&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;V&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Es&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='23' rowspan='1' style='width:417.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:417.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:168pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:168pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:center;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Loss and Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Exposure&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premiums&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Derivative&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;to Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Receivable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Recoverable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global structured finance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,491&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,788&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13,575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;513&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;554&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Consumer asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,856&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,916&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,319&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total global structured finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;33,879&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18,461&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;519&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global public finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;45,700&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;79,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;34,056&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;519&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Investments&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Premiums receivable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Reported within &amp;quot;Insurance loss recoverable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(4) - Reported within &amp;quot;Unearned premium revenue&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(5) - Reported within &amp;quot;Loss and loss adjustment expense reserves&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(6) - Reported within &amp;quot;Derivative liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='23' rowspan='1' style='width:418.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:418.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:167.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:167.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Loss and Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Exposure&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premiums&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Derivative&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;to Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Receivable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Recoverable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global structured finance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8,613&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,623&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14,136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,459&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;518&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;307&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;571&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Consumer asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,008&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,989&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,612&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,608&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total global structured finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;35,940&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19,958&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;123&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;524&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global public finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;49,686&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16,698&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;211&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85,626&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;36,656&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;302&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;524&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;332&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Investments&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Premiums receivable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Reported within &amp;quot;Insurance loss recoverable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(4) - Reported within &amp;quot;Unearned premium revenue&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(5) - Reported within &amp;quot;Loss and loss adjustment expense reserves&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(6) - Reported within &amp;quot;Derivative liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he maximum exposure to loss as a result of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; variable interests in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is represented by insurance in force. Insurance in force is the maximum future payments of princip&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;te&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;est&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;whic&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; ma&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;be r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;qu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;und&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mmitment&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; ma&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ke p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;me&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ob&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;atio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; iss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;by&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;co&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ate&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;V&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;E&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;VIEs&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The carrying amounts of assets and liabilities of consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; were $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5.7&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; billion and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5.5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; billion, respectively, as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, and $5.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;0 billion and $4.8 billion, respectively, as of December 31, 2014. The carrying amounts of assets and liabilities are presented separately in &amp;#8220;Assets of consolidated variable interest entities&amp;#8221; and &amp;#8220;Liabilities of consolid&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ated variable interest entities&amp;#8221; o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n the Company&amp;#8217;s consolidated balance sheets. The carrying amounts of assets and liabilities of consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in the Company&amp;#8217;s advisory services segment were $751 million and $754 million, respectively, as of December 31, 2014, and are presented separat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ely in &amp;#8220;Assets held for sale&amp;#8221; and &amp;#8220;Liabilities held for sale&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are consolidated or deconsolidated based on an ongoing reassessment of controlling financial interest, when events occur or circumst&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ances arise, and whether the ability to exercise rights that constitute power to direct activities of any &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are present according to the design and characteristics of these entities. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;One &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;additional &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;consolidated during the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and no additional &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; were consolidated during the three months ended March 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; The international and structured finance insurance segment had no realized gains or losses recorded for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and an immaterial amount of net realized gains recorded for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; related to the deconsolidation of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Holders of insured obligations of issuer-sponsored &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; related to the Company&amp;#8217;s international &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d structured finance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insurance segment do not have recourse to the general assets of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured obligation only. The Company&amp;#8217;s exposure to consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is limited to the credit protection provided on insured obligations and any additional variable interests held by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
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  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_332" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">6000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <invest:DerivativeNotionalAmount id="ID_333" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">961000000</invest:DerivativeNotionalAmount>
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  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_335" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_BelowInvestmentGradeMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">75000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:FairValueMeasurementRangePercentage id="ID_336" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_UnobservableInputAxis_mbi_ImpactOfFinancialGuaranteeMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_us-gaap_LoansReceivableMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="pure" decimals="4">0</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:SellingGeneralAndAdministrativeExpense id="ID_337" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">17000000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_338" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_TotalGainsLossesIncludedInEarningsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">838000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation id="ID_339" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">9000000</us-gaap:AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation>
  <mbi:SegmentRevenue id="ID_340" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">577000000</mbi:SegmentRevenue>
  <us-gaap:IncrementalCommonSharesAttributableToCallOptionsAndWarrants id="ID_341" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="shares" decimals="0">0</us-gaap:IncrementalCommonSharesAttributableToCallOptionsAndWarrants>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales id="ID_342" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_VariableInterestEntityNotesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_LiabilitiesOfConsolidatedViesMember" unitRef="USD" decimals="-6">41000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases id="ID_343" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_344" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">5513000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:FinancialGuaranteeGross id="ID_345" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">4051000000</mbi:FinancialGuaranteeGross>
  <us-gaap:HeldToMaturitySecurities id="ID_346" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" unitRef="USD" decimals="-6">575000000</us-gaap:HeldToMaturitySecurities>
  <us-gaap:HeldToMaturitySecuritiesFairValue id="ID_347" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="USD" decimals="-6">393000000</us-gaap:HeldToMaturitySecuritiesFairValue>
  <us-gaap:DeferredTaxAssetsValuationAllowance id="ID_348" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="0">0</us-gaap:DeferredTaxAssetsValuationAllowance>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_349" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">-6000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_350" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1795000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <mbi:FairValueMeasurementRangePercentage id="ID_351" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_MultiSectorCDOMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.5</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue id="ID_352" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1507000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue>
  <mbi:PaymentsToAcquireFairValueOptionAndTradingSecurities id="ID_353" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">386000000</mbi:PaymentsToAcquireFairValueOptionAndTradingSecurities>
  <mbi:RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal id="ID_354" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-30000000</mbi:RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability id="ID_355" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_356" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">20000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_357" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_NotRatedMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">10000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:GainLossOnDerivativeInstrumentsNetPretax id="ID_358" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">468000000</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
  <us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_359" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CurrencyDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_LiabilitiesOfConsolidatedViesMember" unitRef="USD" decimals="-6">-6000000</us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss id="ID_360" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-3000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
  <mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives id="ID_361" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementGeographicalAxis_mbi_InternationallyDiversifiedMember" unitRef="USD" decimals="-6">1000000</mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_362" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <us-gaap:LiabilitiesFairValueDisclosureNonrecurring id="ID_363" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" unitRef="USD" decimals="-6">0</us-gaap:LiabilitiesFairValueDisclosureNonrecurring>
  <us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables id="ID_364" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">158000000</us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables>
  <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock id="ID_365" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Beginning balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reductions for credit loss impairments previously recognized on securities sold during the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reductions for increases in cash flows expected to be collected over the remaining life of the security&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ending balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock>
  <mbi:SegmentRevenue id="ID_366" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">529000000</mbi:SegmentRevenue>
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  <us-gaap:FairValueDisclosuresTextBlock id="ID_410" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 6: Fair Value of Financial Instruments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Fair Value Measurement&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Fair value is a market-based measure&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ment&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; considered from the perspective of a market participant. Therefore, even when market &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;assumptions are not readily available, the Company&amp;#8217;s own assumptions are set to reflect those&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; which it believes market participants would use in pricing an asset or liability at the measurement date. The fair value measurement of financial instruments held or issued by the Company are determined through the use of observable market data when avail&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;able. Market data is obtained from a variety of third-party sources, including dealer quotes. If dealer quotes are not available for an instrument that is infrequently traded, the Company uses alternate valuation methods, including either dealer quotes for&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; similar instruments or modeling using market data inputs. The use of alternate valuation methods generally requires considerable judgment in the application of estimates and assumptions and changes to such estimates and assumptions may produce materially &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;different fair values.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The accounting guidance for fair value measurement establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most ob&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;servable inputs be used when available and reliable. Observable inputs are those the Company believes that market participants would use in pricing an asset or liability based on available market data. Unobservable inputs are those that reflect the Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s beliefs about the assumptions market participants would use in pricing an asset or liability based on available information. The fair value hierarchy is categorized into three levels based on the observability and reliability of inputs, as follows:&lt;/font&gt;&lt;/p&gt;&lt;ul&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Leve&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l 1&amp;#8212;Valuations based on quoted prices in active markets for identical assets or liabilities that the Company can access. Valuations are based on quoted prices that are readily and regularly available in an active market, with significant trading volumes. &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Level 2&amp;#8212;Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 2 assets include debt securities with quoted prices that are traded less frequently than excha&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nge-traded instruments, securities which are priced using observable inputs and derivative contracts whose values are determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by obser&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;vable market data. &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:9pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Level 3&amp;#8212;Valuations based on inputs that are unobservable and supported by little or no market activity and that are significant to the overall fair value measurement. Level 3 assets and liabilities include financial instruments whose va&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lue is determined using pricing models, discounted cash flow methodologies, or similar techniques where significant inputs are unobservable, as well as instruments for which the determination of fair value requires significant management judgment or estima&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tion. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The availability of observable inputs can vary from &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;financial instrument &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;financial instrument &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and period to period and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new and not yet e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;stablished in the marketplace, and other characteristics particular to the product. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company assigns the level in the fair&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; value hierarchy for which the fair value measurement in its entirety falls, based on the least observable input that is significant to the fair value measurement.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Financial Assets (excluding derivative assets)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Financial assets, excluding derivative assets&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, held by the Company primarily consist of investments in debt securities. Substantially all of the Company&amp;#8217;s investments are priced by independent third parties, including pricing services and brokers. Typically, the Company receives one pricing service v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alue or broker quote for each instrument, which represents a non-binding indication of value. The Company reviews the assumptions, inputs and methodologies used by pricing services and brokers to obtain reasonable assurance that the prices used in its valu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ations reflect fair value. When the Company believes a third-party quotation differs significantly from its internally developed expectation of fair value, whether higher or lower, the Company reviews its data or assumptions with the provider. This review &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;includes comparing significant assumptions such as prepayment speeds, default ratios, forward yield curves, credit spreads and other significant quantitative inputs to internal assumptions, and working with the price provider to reconcile the differences. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The price provider may subsequently provide an updated price. In the event that the price provider does not update its price, and the Company still does not agree with the price provided, the Company will obtain a price from another third-party provider  o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r use an internally developed price which it believes represents the fair value of the investment. The fair values of investments for which internal prices were used were not significant to the aggregate fair value of the Company&amp;#8217;s investment portfolio as &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. All challenges to third-party prices are reviewed by staff of the Company with relevant expertise to ensure reasonableness of assumptions.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Financial Liabilities (excluding derivative liabilities)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Financial &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;liabilities, excluding derivative liabilities, issued by the Company primarily consist of investment agreements&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, medium-term notes (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MTNs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;) and debt issued for general corporate purposes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; within its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;corporate segment, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;debt &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;issued by consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs and wa&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rrants. Investment agreements, MTNs, and corporate debt are typically recorded at face value adjusted for premiums or discounts. The majority of the financial liabilities that the Company has elected to fair value or that require fair value reporting or di&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sclosures are valued based on the estimated value of the underlying collateral, the Company&amp;#8217;s or a third-party&amp;#8217;s estimate of discounted cash flow model estimates, or quoted market values for similar products. These valuations include adjustments for expect&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed nonperformance risk of the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Derivative Liabilities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s derivative liabilities are primarily insured credit derivatives that reference structured pools of cash securities and CDS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The Company generally insured the most senior li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abilities of such transactions, and at the inception of transactions its exposure generally had more subordination than needed to achieve triple-A ratings from credit rating agencies. The types of collateral underlying its insured derivatives consist of ca&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sh securities and CDS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; referencing primarily corporate obligations, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;asset-backed securities (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ABS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, RMBS, CMBS, CRE loans, and CDOs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s insured credit derivative contracts are non-traded structured credit derivative transactions. Since insured &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;derivatives are highly customized and there is generally no observable market for these derivatives, the Company estimates their fair values in a hypothetical market based on internal and third-party models simulating what a similar company would charge to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; assume the Company&amp;#8217;s position in the transaction at the measurement date. This pricing would be based on the expected loss of the exposure. The Company reviews its valuation model results on a quarterly basis to assess the appropriateness of the assumptio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns and results in light of current market activity and conditions. This review is performed by internal staff with relevant expertise. If live market spreads or securities prices are observable for similar transactions, those spreads are an integral part o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f the analysis. New insured transactions that resemble existing (previously insured) transactions, if any, would be considered, as well as negotiated settlements of existing transactions.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company may from time to time make changes in its valuation tech&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;niques if the change results in a measurement that it believes is equally or more representative of fair value under current circumstances.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Internal Review Process&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;All significant financial assets and liabilities are reviewed by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;committee&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; created by the Company to ensure compliance with the Company&amp;#8217;s policies and risk procedures in the development of fair values of financial assets and liabilities. Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;valuation committee review, among other things, key assumptions used for internally dev&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;eloped prices, significant changes in sources and uses of inputs, including changes in model approaches, and any adjustments from third-party inputs or prices to internally developed inputs or prices. The committee also review&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; any significant impairment o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r improvements in fair values of the financial instruments from prior periods. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Occasionally, the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;committee will consult with the Company&amp;#8217;s valuation experts to better understand key methods and assumptions used for the determination of fair value, includin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g understanding significant changes in fair values. The committee &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;comprised of senior finance team members with the relevant experience in the financial instruments their committee is responsible for. For each quarter, the committee document&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; their agre&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ement with the fair values developed by management of the Company as reported in the quarterly and annual financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Valuation Techniques&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Valuation techniques for financial instruments measured at fair value or disclosed at fair value are descri&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bed below.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Fixed-Maturity Securities (including short-term investments) Held as Available-For-Sale, Investments Carried at Fair Value, Investments Pledged as Collateral, Investments Held-to-Maturity, and Other Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;These investments include investme&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nts in U.S. Treasury and government agencies, state and municipal bonds, foreign governments, corporate obligations, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mortgage-backed securities (&amp;#8220;MB&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;S&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, ABS, money market securities, and perpetual debt and equity securities.   &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;These investments are genera&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lly valued based on recently executed transaction prices or quoted market prices. When quoted market prices are not available, fair value is generally determined using quoted prices of similar investments or a valuation model based on observable and unobse&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rvable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and volatility scores, diversity scores, cross-currency basis index spreads, and credit sp&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the value of any credit enhancement.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The fair value of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;held-to-maturity (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;HTM&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; investments is de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;termined using discounted cash flow models. Key inputs include unobservable cash flows projected over the expected term of the investment discounted using observable interest rate yield curves of similar securities.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Investments based on quoted market price&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s of identical investments in active markets are classified as Level 1 of the fair value hierarchy. Level 1 investments generally consist of U.S. Treasury and government agency, foreign government&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;money market &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;securities and perpetual debt and equity secu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Quoted market prices of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs are observable, such as interest rate yield curves, are categorized in Level 2 of the fair value hierarchy. Investments that&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; contain significant inputs that are not observable are categorized as Level 3.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Cash and Cash Equivalents, Receivable for Investments Sold,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; Investments Payable, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Payable for Investments Purchased,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;and Accrued Investment Income&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The carrying amounts of cash a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd cash equivalents, receivable for investments sold, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;investments payable, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;payable for investments purchased, and accrued investment income approximate fair values due to the short-term nature and credit worthiness of these instruments. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;These items are cat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;egorized in Level 1 or Level 2 of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Loans Receivable at Fair Value&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Loans receivable at fair value are comprised of loans held by consolidated VIEs consisting of corporate and residential mortgage loans.  Fair values of commercial lo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ans are obtained from a pricing service and determined using actively quoted prices obtained from multiple market participants.  Fair values of residential mortgage loans are determined using quoted prices for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mortgage-backed securities (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; issued by t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he respective VIE and adjust&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. Loans receivable at fair value are categorized in Level 2 or Level 3 of the fair value hierarchy based on the input that is significan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t to the fair value measurement in its entirety.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Loan Repurchase Commitments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to either MBIA as reimbursement of paid claims or to the RMBS trusts as defined in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;transaction documents. Loan repurchase commitments are assets of the consolidated VIEs. This asset represents the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans so&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ld to the trust to comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s reimbursement of paid claims. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Loan repurchase commitments at fair value are categorized in Level 3 of the fair v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alue hierarchy. Fair values of loan repurchase commitments are determined using discounted cash flow techniques based on inputs including:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' &gt;&amp;#8226; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;	breach rates representing the rate at which the sellers/servicers failed to comply with stated representations and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; warranties;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' &gt;&amp;#8226; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;	recovery rates representing the estimates of future cash flows for the asset, including estimates about possible variations in the amount of cash flows expected to be collected;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' &gt;&amp;#8226; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;	expectations about possible variations in the timing of col&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lections of the cash flows; and&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' &gt;&amp;#8226; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;	time value of money, represented by the rate on risk-free monetary assets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Investment Agreements&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The fair values of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; investment agreements are determined using discounted cash flow techniques based on contractual cash flows and observable interest rates currently being offered for similar agreements with comparable maturity dates. Investment agreements contain collatera&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lization and termination agreements that substantially mitigate the nonperformance risk of the Company. As the terms of the notes are private, and the timing and amount of contractual cash flows are not observable, these investment agreements are categoriz&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed as Level 3 of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Medium-Term Notes&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The fair values of certain MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix prici&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng grid based on the quoted market prices received and the MTNs&amp;#8217; stated maturity and interest rate to determine fair value. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. The Company has elected to record these MTN&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s at fair value as they contain embedded derivatives which cannot accurately be separated from the host debt instrument and fair valued separately, therefore, these MTNs are carried at fair value with changes in fair value reflected in earnings. The remain&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing MTNs, which are not carried at fair value, do not contain embedded derivatives. As these MTNs are illiquid and the prices reflect significant unobservable inputs, they are categorized as Level 3 of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Long-term Debt&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Long-term deb&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t consists of notes, debentures, surplus notes and accrued interest on this debt. The fair value of long-term notes, debentures and surplus notes are estimated based on quoted prices for the identical or similar securities. The fair value of the accrued in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;terest expense on the surplus notes due in 2033 is determined based on the scheduled interest payments discounted by the market&amp;#8217;s perception of the credit risk related to the repayment of the surplus notes.&amp;#160;The credit risk related to the repayment of the s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;urplus notes is based on recent trades of the surplus notes.&amp;#160;The deferred interest payment will be due on the first business day on or after which the Company obtains approval to make such payment. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The carrying amounts of accrued interest expense on all o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ther long-term debt approximate fair value due to the short-term nature of these instruments. Long-term debt is categorized as Level 2 of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Variable Interest Entity Notes&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The fair values of VIE notes are determined based on recently&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; executed transaction prices or quoted prices where observable. When position-specific quoted prices are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for factors unique to the securities, including any credit enhancement. When observable quoted prices are not available, fair value is determined based on discounted cash flow techniques of the underlying collateral using observable and unobservable inputs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Observable inputs include interest rate yield curves and bond spreads of similar securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level 2 or Level 3 of the fair value hierarchy based on the lowest &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;level input that is significant to the fair value measurement in its entirety.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Variable Interest Entity Derivatives&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The VIEs have entered into derivative transactions consisting of cross currency swaps&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, interest rate derivatives &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and interest rate caps. Fai&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r values of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;over-the-counter (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTC&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; derivatives are determined using valuation models based on observable and/or unobservable inputs. These observable and market-based inputs include interest rates and volatilities. These derivatives are categorized in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Le&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;vel 2 or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Level 3 of the fair value hierarchy based on the input that is significant to the fair value measurement in its entirety.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Derivatives&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;corporate segment &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;has entered into derivative transactions primarily consisting of interest rate swaps. Fair&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; values of OTC derivatives are determined using valuation models based on observable inputs, nonperformance risk of the Company&amp;#8217;s own credit and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, cre&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;dit spreads and volatilities. These derivatives are categorized in Level 2 or Level 3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has policies and procedures in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;place regarding counterparties, including review and approval of the counterparty and the Company&amp;#8217;s exposure limit, collateral posting requirements, collateral monitoring and margin calls on collateral. The Company manages counterparty credit risk on an in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;dividual counterparty basis through master netting a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;greements&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; covering derivative transactions in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;corporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;segment as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ue to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or terminatio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n in the event either the Company or the counterparty is downgraded below a specified credit rating. The netting agreements minimize the potential for losses related to credit exposure and thus serve to mitigate the Company&amp;#8217;s nonperformance risk under thes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e derivatives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In certain cases, the Company also manages credit risk through collateral agreements that give the Company the right to hold or the obligation to provide collateral when the current market value of derivative contracts exceeds an exposure th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;reshold. Under these a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gree&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ments, the Company may provide U.S. Treasury and other highly rated securities or cash to secure the derivative. The delivery of high-quality collateral can minimize credit exposure and mitigate the potential for nonperformance ri&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sk impacting the fair values of the derivatives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Derivatives&amp;#8212;Insurance&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The derivative contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of insured credit der&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ivatives using valuation models. The valuation models are consistently applied from period to period, with refinements to the fair value estimation approach being applied as and when the information becomes available. Negotiated settlements are also consid&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ered when determining fair value to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;validate the fair value estimates determined by the valuation models and to determine &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the best &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;available &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;estimate of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fair value from the perspective of a &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;market participant.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Approximately &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;93&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;% &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of the balance sheet fair value of insured credit derivatives as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; was valued based on the Binomial Expansion Technique (&amp;#8220;BET&amp;#8221;) Model. Approximately &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;7&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;% of the balan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ce sheet fair value of insured credit derivatives as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; was valued based on the internally developed Direct Price Model and the Dual Default model. The valuation of insured derivatives includes the impact of its credit standing. All of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; these derivatives are categorized as Level 3 of the fair value hierarchy as their fair value is derived using significant unobservable&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; inputs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has also entered into a derivative contract as a result of a commutation.  The fair value of the der&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ivative is determined using a discounted cash flow model. Key inputs include unobservable cash flows projected over the expected term of the derivative, discounted using observable discount rates and CDS spreads. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Description of the BET Model&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Valuation &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Model Overview&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company uses the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;BET Model &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;estimate what a bond insurer would charge to guarantee a transaction at the measurement date, based on the market-implied default risk of the underlying collateral and the remaining structural protection in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a deductible or subordination. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Inputs to the process of determining fair value for structured transactions using the BET Model include estimates of collateral loss, allocation of loss to separate tranches of the capital structure, and calculation of the c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hange in value.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;BET Model Inputs &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;a. Credit spreads&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The average spread of collateral is a key input as the Company assumes credit spreads reflect the market&amp;#8217;s assessment of default probability. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Collateral assets are generally considered on an average basis&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; rather than being modeled on an individual basis. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Spreads are obtained from market data sources published by third parties (e.g., dealer spread tables for assets most closely resembling collateral within the Company&amp;#8217;s transactions) as well as collateral-s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pecific spreads on the underlying reference obligations provided by trustees or market sources. The Company also calculates spreads based on quoted prices and on internal assumptions about expected life, when pricing information is available and spread inf&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ormation is not.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Over time, the data inputs change as new sources become available, existing sources are discontinued or are no longer considered to be reliable or the most appropriate. It is the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;preference &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to use more observable spread inputs de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fined above. However, the Company may on occasion move to less observable spread inputs due to the discontinuation of data sources or due to the Company considering certain spread inputs no longer representative of market spreads.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;b. Diversity Scores&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:1.75pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Diver&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sity scores are a means of estimating the diversification in a portfolio. The diversity score estimates the number of uncorrelated assets that are assumed to have the same loss distribution as the actual portfolio of correlated assets. While diversity scor&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e is a required input into the BET model, due to current high levels of default within the collateral of the structures, diversity score does not have a significant impact on valuation. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;c. Recovery Rate&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.35pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The recovery rate represents the percentage of par e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;xpected to be recovered after an asset defaults, indicating the severity of a potential loss. MBIA generally uses rating agency recovery assumptions which may be adjusted to account for differences between the collateral used by the rating agencies and the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; actual collateral in MBIA-insured transactions. The Company may also adjust rating agency assumptions based on the performance of the collateral manager and on empirical market data.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;d. Nonperformance Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.35pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s valuation methodology for insured c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;redit derivative liabilities incorporates MBIA Corp.&amp;#8217;s own nonperformance risk. The Company calculates the fair value by discounting the market value loss estimated through the BET Model at discount rates which include MBIA Corp.&amp;#8217;s CDS spreads as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The CDS spreads assigned to each deal are based on the weighted average life of the deal. The Company limits the nonperformance impact so that the derivative liability could not be lower than MBIA Corp.&amp;#8217;s recovery derivative price multiplie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d by the unadjusted derivative liability.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Overall Model Results&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company&amp;#8217;s net insured CDS derivative liability was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;207&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;244&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, based on the re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sults of the aforementioned models. A significant driver of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; changes in fair value is MBIA Corp.&amp;#8217;s nonperformance risk. In aggregate, the nonperformance calculation resulted in a pre-tax net insured derivative liability that was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;89&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;92&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million lower than the net liability that would have been estimated if MBIA Corp. excluded nonperformance risk in its valuation as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, respectively. Nonperformance risk is a fair value concept&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and does not contradict MBIA Corp.&amp;#8217;s internal view, based on fundamental credit analysis of MBIA Corp.&amp;#8217;s economic condition, that MBIA Corp. will be able to pay all claims when due.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Warrants&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Stock warrants issued by the Company are valued using the Black-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Scholes model and are recorded at fair value. Inputs into the warrant valuation include the Company&amp;#8217;s stock price, a volatility parameter, interest rates, and dividend data. As all significant inputs are market-based and observable, warrants are categorize&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;as&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Level 2 of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Facility&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fourth quarter of 2013, the Company approved and initiated a plan to sell its Armonk, New York facility&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;classified&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; it&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as held for sale as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;In May&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of 2015, the Company completed the sale of this facility. As of March 31, 2015, the fair value was the sales price less costs to sell. As of December 31, 2014, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fair market value was estimated based on an independent third-party appraisal&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; item &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;cat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;egorized &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;as&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Level 2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of the fair value hierarchy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Financial Guarantees&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Gross Financial Guarantees&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &amp;#8212;The fair value of gross financial guarantees is determined using discounted cash flow techniques based on inputs that include (i) assumptions of expected &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;losses on financial guarantee policies where loss reserves have not been recognized, (ii) amount of losses expected on financial guarantee policies where loss reserves have been established, net of expected recoveries, (iii) the cost of capital reserves re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;quired to support the financial guarantee liability, (iv) operating expenses, and (v) discount rates. The  MBIA Corp. CDS spread and recovery rate are used as the discount rate for MBIA Corp., while the CDS spread and recovery rate of a similar municipal b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ond insurance company are used as the discount rate for National, as National does not have a published CDS spread and recovery rate. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The carrying value of the Company&amp;#8217;s gross financial guarantees consists of unearned premium revenue and loss and LAE rese&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rves, net of the insurance loss recoverable as reported on MBIA&amp;#8217;s consolidated balance sheets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Ceded Financial Guarantees&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The fair value of ceded financial guarantees is determined by applying the percentage ceded to reinsurers to the related fair value &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of the gross financial guarantees. The carrying value of ceded financial guarantees consists of prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses as reported within &amp;#8220;Other assets&amp;#8221; on the Company&amp;#8217;s consolidated balance sheet&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Significant Unobservable Inputs&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. These tables exclude inputs used to measure fair value that are not developed by the Company, such as broker prices and other third-party pricing service valuations.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Range&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Weighted&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Valuation Techniques&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices adjusted for financial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 6% (2%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  guarantees provided to VIE obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Breach rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:left;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices of VIE assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 39% (9%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  adjusted for financial guarantees provided&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Credit derivative liabilities, net:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25% - 90% (61%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19% - 32% (28%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.0 - 2.0 (1.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS spreads&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 57% (22%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Multi-sector CDO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Direct Price Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50% - 50% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model and Dual Default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42% - 45% (45%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50% - 50% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0.5 - 7.8 (1.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$0 - $83 ($42)&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2) - Midpoint of cash flows are used for the weighted average.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Range&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Weighted&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Valuation Techniques&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices adjusted for financial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 10% (2%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  guarantees provided to VIE obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Breach rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices of VIE assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 35% (16%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  adjusted for financial guarantees provided&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Credit derivative liabilities, net:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25% - 90% (59%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12% - 29% (25%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.3 - 3.2 (2.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS spreads&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 41% (19%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Multi-sector CDO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Direct Price Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;53% - 53% (53%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model and Dual Default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42% - 45% (45%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41% - 51% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0.2 - 7.9 (1.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$0 - $83 ($42)&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:334.5pt;text-align:left;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2) - Midpoint of cash flows are used for the weighted average.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Sensitivity of Significant Unobservable Inputs&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unobservable input used in the fair value measurement of the Company&amp;#8217;s loans receivable at fair value of consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is the impact of the financial guarantee. The fair value of loans receivable is calculated by subtracting the value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;present value of expected cash payments under the policy. As expected cash payments provided by the Company under the insurance policy increase&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; there is a lower expected cash flow on the underlying loans receivable of the VIE. This results in a lower fair&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; value of the loans receivable in relation to the obligations of the VIE.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unobservable inputs used in the fair value measurement of the Company&amp;#8217;s loan repurchase commitments of consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are the recovery rates and breach rates. Reco&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;very rates reflect the estimates of future cash flows reduced for litigation delays and risks and/or potential financial distress of the sellers/servicers. The estimated recoveries of the loan repurchase commitments may differ from the actual recoveries th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;at may be received in the future. Breach rates represent the rate at which mortgages fail to comply with stated representations and warranties of the sellers/servicers. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Significant increases or decreases in the recovery rates and the breach rates would re&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sult in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in the legal environment and the ability of the counterparties to pay would impact the recovery rate assumptions, which could signific&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;antly impact the fair value measurement. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Any significant challenges by the counterparties to the Company&amp;#8217;s determination of breaches of representations and warranties could significantly adversely impact the fair value measurement. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Recovery rates and bre&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ach rates are determined independently. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Changes in one input will not necessarily have any impact on the other input.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unobservable input used in the fair value measurement of the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; notes of consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is the impact of th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e financial guarantee. The fair value of VIE notes is calculated by adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; under the policy. As the value of the guarantee provided by the Company to the obligations issued by the VIE increases, the credit support adds value to the liabilities of the VIE. This results in an increase in the fair value of the liabilities of the VI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;E.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unobservable inputs used in the fair value measurement of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; credit derivatives, which are valued using the BET Model, are &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;spreads,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; recovery rates, nonperformance risk and weighted average life. The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; spread is an &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;indicator of credit risk of the collateral securities. The recovery rate represents the percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance risk is an assumption of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;orp.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s own ability to pay and whether &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;will have the necessary resources to pay the obligations as they come due. Weighted average life is based on the Company&amp;#8217;s estimate of when the principal of the underlying collateral of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; structure wi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ll be repaid.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A significant increase or decrease in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; spreads would &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;result in a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n increase or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;decrease in the fair value of the derivative liabilit&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, respectively. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A significant increase in weighted average life can result in an increase or decrease in t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he fair value of the derivative liability, depending on the discount rate and the timing of significant losses. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Any significant increase or decrease in recovery rates&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, or MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nonperformance risk&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;would result in a decrease or increase in the fair v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alue of the derivative liabilities, respectively. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CMBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; spreads, recovery rates, nonperformance risk and weighted average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unob&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;servable input used in the fair value measurement of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;multi-sector &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; credit derivatives, which are valued using the Direct Price Model, is nonperformance risk. The nonperformance risk is an assumption of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;own ability to pay and wh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ether &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;will have the necessary resources to pay the obligations as they come due. Any significant &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;increase&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or decrease in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nonperformance risk would result in a decrease or increase in the fair value of the derivative liabilities, res&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pectively.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant unobservable inputs used in the fair value measurement of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;other credit derivatives, which are valued using the BET Model&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and Dual Default&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, are recovery rates, nonperformance risk and weighted average life. The recove&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ry rate represents the percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance risk is an assumption of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;own ability to pay and whether &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;will have the ne&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;cessary resources to pay the obligations as they come due. Weighted average life is based on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;estimate of when the principal of the underlying collateral will be repaid. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;A significant increase in weighted average life can result in an increase &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or decrease in the fair value of the derivative liability, depending on the discount rate and the timing of significant losses. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Any significant increase or decrease in recovery rates or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nonperformance risk would result in a decrease or increas&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e in the fair value of the derivative liabilities, respectively. Recovery rates, nonperformance risk and weighted average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The significant uno&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bservable input used in the fair value measurement of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; MBIA Corp.&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;other derivatives, which are valued using &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a discounted cash flow m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;odel&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, is&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;estimates of future cash flows &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;discounted using market rates and CDS spreads. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Any significant increase or decrease in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;future cash flows &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;would result in a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;increase&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;decrease&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in the fair value of the derivative liabilit&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, respectively&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Fair Value Measurements&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following tables present the fair value of the Company&amp;#8217;s assets (incl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uding short-term investments) and liabilities measured and reported at fair value on a recurring basis as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,750&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,756&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;210&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,088&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,098&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,129&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;345&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:174pt;text-align:left;border-color:Black;min-width:174pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;834&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,513&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,518&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;596&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;737&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;737&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:201pt;text-align:left;border-color:Black;min-width:201pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,725&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,522&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,368&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Credit derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;207&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(109)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Warrants&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,266&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,653&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,795&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(109)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;573&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;118&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,732&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,048&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,162&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;794&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;198&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,345&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;428&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;729&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;729&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivative assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Active Markets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Counterparty&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;for Identical&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;and Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Collateral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Netting&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;194&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,087&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,510&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,613&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Credit derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Non-insured derivatives:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for loans purchased&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Warrants&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,047&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,344&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(81)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Level 3 assets at fair value as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; represented approximately &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;20&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;% &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of total assets measured at fair value. Level 3 liabilities at fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; represented approximately &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;53&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;% and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;35&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;%, respectively, of total liabilities measured at fair value. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following tables&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; present the fair values and carrying&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; va&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lues of the Company&amp;#8217;s assets and liabilities that are disclosed at fair value but not reported at fair value on the Company&amp;#8217;s consolidated balance sheets as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Carry Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Active Markets for&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Identical Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Accrued investment income&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Receivable for investments sold&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments held-to-maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,878&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investment agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;538&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;753&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;753&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;928&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,828&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for investments purchased&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,184&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,424&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Financial Guarantees:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ceded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Other assets&amp;quot; on MBIA&amp;#39;s consolidated balance sheets. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Other liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Quoted Prices in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Significant &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Carry Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Active Markets for&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Other Observable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance as of &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Identical Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Inputs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Accrued investment income&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Receivable for investments sold&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments held-to-maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;138&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,774&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investment agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;705&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;705&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;547&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;801&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;801&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,004&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,810&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for investments purchased&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,779&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,779&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,214&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,285&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5,499&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Financial Guarantees:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,959&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ceded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Other assets&amp;quot; on MBIA&amp;#39;s consolidated balance sheets. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Other liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;able&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rm&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;io&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abou&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ange&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Le&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l 3 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ludi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;li&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n a r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ba&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:547.5pt;text-align:center;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses) for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36pt;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;State and municipal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable- &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:left;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  residential &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(56)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable- Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loan repurchase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Currency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(68)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Credit derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(37)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;207&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(37)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;VIE notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;695&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(51)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;695&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(60)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,795&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(49)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='14' rowspan='1' style='width:211.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:211.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:5pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:23.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:23.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:546.75pt;text-align:left;border-color:Black;min-width:546.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Transferred in and out at the end of the period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:540.75pt;text-align:center;border-color:Black;min-width:540.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses) for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;State and municipal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:17.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,612&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,557&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loan repurchase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;359&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,352&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(73)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,406&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Gains) /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Credit derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;339&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(838)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' 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style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(339)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td 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style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td 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style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td 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style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Liabilities of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;VIE notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;940&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;812&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Currency derivatives,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;369&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(813)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(444)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:544.5pt;text-align:left;border-color:Black;min-width:544.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Transferred in and out at the end of the period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Transfers &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;out of Level 3 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and into Level 2 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;were &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;11&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;There were no &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ransfers into Level 3 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or out of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;L&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;vel 2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Other ABS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tate and municipal bonds&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; valuation, became observable during the quarter. These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or ou&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t of Level 1.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Transfers into and out of Level 3 were $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;160&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;14&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Transfers into and out of Level 2 were $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;14&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; millio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;160&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, respectively, for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Transfers&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; into Level 3&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; were principally &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;related to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; state and municipal bonds, CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;RMBS agency, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;other ABS and corporate obligations&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; where inputs, which are significant to their valuation, became &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;unobservable during the quarter.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;  CDOs and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;RMBS non-agency&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;aluation, became observable during the quarter. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or out &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of Level 1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;All Level 1, 2 and 3 designations are made at the end of each accounting period.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Gains and losses (realized and unrealized) included in earnings relat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; to Level 3 assets and liabilities for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are reported on the Company&amp;#8217;s consolidated statements of operations as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:156.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:156.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Change in &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Change in &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for the &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for the &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Period Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Period Included&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities still &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities still &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;held as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;held as of &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' &gt;Revenues:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Unrealized gains (losses) on&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;838&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gains (losses) and other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(369)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   Net gains (losses) on financial instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Fair Value Option&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company elected to record at fair value certain financial instruments that have been consolidated in connection with the adoption of the accounting guidance for consolidation &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, among others.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;changes in fair value included in the Company&amp;#8217;s consolidated statements of operations for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;financial instruments for which the fair value option was elected:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:170.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:170.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments carried at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity securities held at fair value- VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(56)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;_____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Net gains (losses) of financial instruments at fair value and foreign exchange&amp;quot; on MBIA&amp;#39;s consolidated statements of operations.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&amp;quot; on MBIA&amp;#39;s consolidated statements of operations.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New 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&gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ndin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;loans and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;no&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;wh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ch&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;al&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;el&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:143.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:143.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:135.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Contractual&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Contractual&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Difference&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Difference&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,478&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,320&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,554&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,377&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans (90 days or more past due)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;721&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans (90 days or more past due)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,502&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,142&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;360&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,653&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,347&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,584&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,479&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,105&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;S&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ub&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ud&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ngs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;dur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ds&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE notes reported in the preceding table &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;k. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;due &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;at&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ppor&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE notes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ng&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ia&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' 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Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;x&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ti&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;x&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;re &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ws&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:343.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Effective tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38.9%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36.6%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;F&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; months ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company&amp;#8217;s effective tax rate applied to its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;income before income taxes &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; higher&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; than the U.S. statutory tax rate primarily as a result of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the non-deductibility &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of the change in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fair value of the warrants.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;F&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; months ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company&amp;#8217;s effective tax rate applied to its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;income before income taxes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;higher &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;than the U.S. statutory tax rate primarily as a result of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;certain non-tax deductible expenses and the increase in the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; valuatio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n allowance against its deferred tax asset.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#39;s provision for income taxes for interim financial periods is not based on an estimated annual effective rate due to the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;variability in fair value of its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;derivative&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; liabilitie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s, which prevents the Compan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y from projecting a reliable estimated annual effective tax rate and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;income before &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;income&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; taxes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for the full year of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. A discrete calculation of the provision is calculated for each interim period.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Deferred Tax Asset, Net &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;of Valuation Allowance&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company establishes a valuation allowance against its deferred tax asset when it is more likely than not that all or a portion of the deferred tax asset will not be realized. All evidence, both positive and negative, needs to be identified and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;considered in making the determination. Future realization of the existing deferred tax asset ultimately depends, in part, on the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;generation &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of sufficient taxable income of appropriate character (for example, ordinary income versus capital gains) within th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e carryforward period available under the tax law.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, 2014, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;net deferred tax asset &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1.0&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;illion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, with no &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;valuation allowance&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as a result of a tax planning strategy to use unrealized gains that are &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;included in &amp;#8220;Accumulated other comprehensive income (loss)&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets against the deferred tax asset related to any remaining asset impairments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In accordance with accounting guidance for income taxes, the netting of defe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rred taxes between different taxpaying jurisdictions is not permitted. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, there was also a non U.S. deferred tax liability of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million included in &amp;#8220;Other liabilities&amp;#8221; on the Company&amp;#8217;s consolidated balance sheet. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Tax &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;Sharing A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;gr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;eement&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has a tax sharing agreement among its members effective January 1, 1987. The agreement was amended and restated effective September 8, 2011 to change the method of calculating each domestic insurer&amp;#8217;s tax liability to the method permitted&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; by paragraph 3(a) of Department Circular Letter #33 (1979). The agreement was submitted to the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;NYSDFS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for review and non-disapproval pursuant to Section 1505 of the New York Insurance Law (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;NYIL&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;).&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&amp;#8217;s tax sharing agreement is filed as an exhibi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t to the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for informational purposes only. Refer to &amp;#8220;Note 2: Significant Accounting Policies&amp;#8221; in the Notes to Consolidated Financial Statements included in the Company&amp;#8217;s Annual Repor&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t on Form 10-K for the year ended December 31, 2014, for further discussion on the Company&amp;#8217;s tax sharing agreement&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;A&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;cc&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt; 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&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;/or&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;x&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;co&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ons&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; The Company includes interest as a component of income tax expense.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; As of March 31, 2015 and December 31, 2014, the Company had no &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;UTB outstanding&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and its U.S. subsidiaries file a U.S. consolidated federal income tax return. Federal income tax returns for 2011 through 2013 are subject to examination. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tax authorities in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;U&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nited Kingdom&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;have been &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;auditing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK for&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; tax years 2005 through 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;In April of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK received &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;correspondence&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;from &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;H&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;M Revenue &amp;amp; Customs &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;closing the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;audit &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for the years under examination with no change in taxable&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; income&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;net operating loss (&amp;#8220;NOL&amp;#8221;) &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is approximately $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;3.1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; billion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The NOL will &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;expire between tax years 2029 through 203&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company has an alternative minimum tax credit carryforward of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;22&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, which does not expire.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
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  <mbi:SegmentPretaxIncomeLoss id="ID_553" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">86000000</mbi:SegmentPretaxIncomeLoss>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_554" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">2000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <invest:DerivativeNotionalAmount id="ID_555" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_mbi_AllOtherEmbeddedMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">12000000</invest:DerivativeNotionalAmount>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_556" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">-6000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_557" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_TotalGainsLossesIncludedInEarningsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">3000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity id="ID_558" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_IntersegmentEliminationMember" unitRef="USD" decimals="-6">-40000000</mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss id="ID_559" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-1000000</us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss>
  <mbi:InsuranceLossRecoverable id="ID_560" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_LoanStatusAxis_mbi_ExcessSpreadMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRmbsAndHelocAndCesMember" unitRef="USD" decimals="-6">488000000</mbi:InsuranceLossRecoverable>
  <mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod id="ID_561" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="Security" decimals="INF">143</mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_562" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">32000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_563" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">5000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <us-gaap:DerivativeCollateralRightToReclaimCash id="ID_564" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherLiabilitiesMember" unitRef="USD" decimals="-6">19000000</us-gaap:DerivativeCollateralRightToReclaimCash>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_565" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">221000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:InvestmentsPledgedAsCollateralAmortizedCost id="ID_566" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">441000000</mbi:InvestmentsPledgedAsCollateralAmortizedCost>
  <us-gaap:ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock id="ID_567" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Less than 12 Months&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;12 Months or Longer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;73&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(102)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;359&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;814&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;542&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;818&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;542&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,360&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Less than 12 Months&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;12 Months or Longer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;257&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;317&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;468&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(91)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(92)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;845&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,065&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;851&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,071&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock>
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  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock id="ID_702" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Surveillance Categories&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Classified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Low&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Medium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;High&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of policies&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;310&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of issues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Remaining weighted average contract &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;period (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6.8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12.1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6.9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross insured contractual payments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;outstanding:&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,573&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,375&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7,780&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,884&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;593&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;822&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,371&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;236&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10,656&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Claim Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;791&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Potential Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Discount, net&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net claim liability (recoverable)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Unearned premium revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - An &amp;#8220;issue&amp;#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Surveillance Categories&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Caution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Classified&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Low&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Medium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;High&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;List&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of policies&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;315&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Number of issues&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;147&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Remaining weighted average contract &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;period (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10.1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross insured contractual payments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;outstanding:&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11,263&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;696&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;819&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;68&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,037&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,620&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,453&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11,038&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,883&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Claim Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;850&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;850&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross Potential Recoveries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;860&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;860&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Discount, net&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net claim liability (recoverable)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Unearned premium revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - An &amp;#8220;issue&amp;#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease id="ID_703" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_LoanRepurchaseCommitmentsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">5000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_704" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">197000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
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  <us-gaap:AccruedInvestmentIncomeReceivable id="ID_814" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">43000000</us-gaap:AccruedInvestmentIncomeReceivable>
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  <us-gaap:VariableInterestEntityConsolidatedCarryingAmountLiabilities id="ID_817" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-8">5500000000</us-gaap:VariableInterestEntityConsolidatedCarryingAmountLiabilities>
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  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_820" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_us-gaap_ResidentialPrimeFinancingReceivableMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1431000000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax id="ID_825" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-2000000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax>
  <us-gaap:NetIncomeLoss id="ID_826" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="-6">-4000000</us-gaap:NetIncomeLoss>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_827" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">35000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <us-gaap:DeferredIncomeTaxExpenseBenefit id="ID_828" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">148000000</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_829" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-13000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_830" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CorporateDebtSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <mbi:ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock id="ID_831" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:194.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:194.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions except share and per share amounts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:89.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:89.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Basic earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less: undistributed earnings allocated to participating securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) available to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Basic weighted average shares&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;181,735,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189,033,982&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) per basic common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;0.37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Diluted earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less: undistributed earnings allocated to participating securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) available to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Basic weighted average shares&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;181,735,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189,033,982&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Effect of common stock equivalents:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;  Stock options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,000,539&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,229,766&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Diluted weighted average shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;182,736,415&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;190,263,748&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) per diluted common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;0.37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1.32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:516.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:516.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Includes 678,568 and 405,961 of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:516.75pt;text-align:left;border-color:Black;min-width:516.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;three months ended March 31, 2015 and 2014, respectively.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock>
  <mbi:SegmentExpense id="ID_832" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">139000000</mbi:SegmentExpense>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_833" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_WarrantMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_OtherLiabilitiesMember" unitRef="USD" decimals="-6">28000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod id="ID_834" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="Security" decimals="INF">23</mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod>
  <us-gaap:HeldToMaturitySecuritiesFairValue id="ID_835" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2635000000</us-gaap:HeldToMaturitySecuritiesFairValue>
  <us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities id="ID_836" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">113000000</us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount id="ID_837" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent id="ID_838" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedTranslationAdjustmentMember" unitRef="USD" decimals="-6">-20000000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock id="ID_839" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:170.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:170.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments carried at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity securities held at fair value- VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(56)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;_____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Net gains (losses) of financial instruments at fair value and foreign exchange&amp;quot; on MBIA&amp;#39;s consolidated statements of operations.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&amp;quot; on MBIA&amp;#39;s consolidated statements of operations.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock>
  <mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity id="ID_840" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_ConduitsMember" unitRef="USD" decimals="-6">-1000000</mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
  <mbi:PaymentsForNetRealizedLossesOnInsuredDerivativesPaid id="ID_841" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">343000000</mbi:PaymentsForNetRealizedLossesOnInsuredDerivativesPaid>
  <us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt id="ID_842" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">6000000</us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss id="ID_843" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-6000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
  <us-gaap:DerivativeFairValueOfDerivativeLiability id="ID_844" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_MediumTermNotesAndOtherInvestmentsMember_us-gaap_DerivativeInstrumentRiskAxis_mbi_EmbeddedMember" unitRef="USD" decimals="-6">19000000</us-gaap:DerivativeFairValueOfDerivativeLiability>
  <mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities id="ID_845" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-22000000</mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_846" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CreditDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">244000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <mbi:TransfersOutOfLevelThree id="ID_847" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">11000000</mbi:TransfersOutOfLevelThree>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue id="ID_848" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1559000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_849" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">457000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
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  <us-gaap:HeldToMaturitySecuritiesFairValue id="ID_851" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2632000000</us-gaap:HeldToMaturitySecuritiesFairValue>
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  <us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses id="ID_858" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">7000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
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  <us-gaap:EarningsPerShareTextBlock id="ID_908" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 11: Earnings Per Share&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Earnings p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is calculated using the two-class method in which earnings are allocated to common stock and participating securities based on their rights to receive &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nonforfeitable&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; dividends or dividend equivalents. The Company grants &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;restricted stock and restricted stock units to certain employees and non-employee directors in accordance with the Company&amp;#8217;s long-term incentive programs, which entitle the participants to receive &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nonforfeitable&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; dividends or dividend equivalents during the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; vesting period on the same basis as those dividends are paid to common shareholders. These unvested stock awards represent participating securities. During periods of net income, the calculation of earnings per share exclude the income attributable to par&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ticipating securities in the numerator and the dilutive impact of these securities from the denominator. During periods of net loss, no effect is given to participating securities in the numerator and the denominator excludes the dilutive impact of these s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ecurities since they do not share in the losses of the Company.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Basic earnings per share exclude&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; dilution and is computed by dividing net income&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; available to common shareholders&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; by the weighted average number of common shares outstanding during the peri&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;od. Diluted earnings per share reflects the dilutive effect of all stock options, warrants and unvested restricted stock outstanding during the period that could potentially result in the issuance of common stock. The dilution from stock options, warrants &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and unvested restricted stock&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;calculated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;by applying the two-class method and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;using the treasury stock method. Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e treasury stock method &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;assumes&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the proceeds from the exercise of stock options and warrants or the unrecognized compensation expense from &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;unvested restricted stock will be used to purchase shares of the Company&amp;#8217;s common stock at the average market price during the period. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;For the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, there were &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;17,957,392 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;42,358,006 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;respectively, of stock options&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, warrants and unvested restricted stock outstanding &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;that were antidilutive.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ll&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e computation of basic and diluted earnings per share f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:194.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:194.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;$ in millions except share and per share amounts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:89.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:89.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Basic earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less: undistributed earnings allocated to participating securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) available to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Basic weighted average shares&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;181,735,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189,033,982&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) per basic common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;0.37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:315.75pt;text-align:left;border-color:Black;min-width:315.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Diluted earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Less: undistributed earnings allocated to participating securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) available to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Basic weighted average shares&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;181,735,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;189,033,982&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Effect of common stock equivalents:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;  Stock options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,000,539&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,229,766&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Diluted weighted average shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;182,736,415&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;190,263,748&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Net income (loss) per diluted common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;0.37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1.32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:307.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:307.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:82.5pt;text-align:left;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:81.75pt;text-align:left;border-color:Black;min-width:81.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td 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  <us-gaap:ScheduleOfRealizedGainLossTableTextBlock id="ID_961" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Proceeds from sales &lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross realized gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross realized losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRealizedGainLossTableTextBlock>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_962" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">210000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_963" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">74000000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <us-gaap:AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost id="ID_965" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">1069000000</us-gaap:AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_966" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CashAndCashEquivalentsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_AssetsOfConsolidatedVIEsMember" unitRef="USD" decimals="-6">31000000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_968" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysA1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
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  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_970" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_mbi_InterestRateSwapsVIEMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember" unitRef="USD" decimals="-6">0</us-gaap:DerivativeGainLossOnDerivativeNet>
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  <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock id="ID_999" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 8: Derivative Instruments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;O&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;erv&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;ew&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; has entered into derivative &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;instruments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; through its financial guarantee of CDS and for purposes of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;managing &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;risks associated with existing assets and liabilities. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;In certain instances, t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; purchased or issued securities that contain embedded derivatives that were separated from the host contract and accounted for as derivative instruments. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;In accordance with the accounting guidance for derivative instruments and hedging activities, the bala&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nce sheet location of the Company&amp;#8217;s embedded derivative instruments is determined&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;by the location of the related &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;security.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Derivative instruments &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are recorded at fair value on the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;balance sheet&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; with the changes in fair val&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ue recorded &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the Company&amp;#8217;s consolidated statements of operations &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;within &amp;#8220;Unrealized gains (losses) on insured derivatives,&amp;#8221; for the insured derivatives, or &amp;#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&amp;#8221; for the embedded &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;derivatives.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Refer to &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 6: Fair Value of Financial Instruments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; for the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;method of determining the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; fair value of derivative instruments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;U.S. Public Finance Insurance&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nterest rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and are accounted for as derivative instruments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;na&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;S&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;F&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;I&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;e&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company entered into derivative &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;instrument&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s that it viewed as an extension of its core financial guarantee business &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;that &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;do not qualify for the financial guarantee scope exception and, therefore, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are accounted for as derivative instruments. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;These insured CDS contracts, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;primarily referenc&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;corporate, asset-backed, residential mortgage-backed, commercial mortgage-backed, CRE loans and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;CDO&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; securities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, are intended to be held &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for the entire term of the contract absent a negotiated settlement wi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;th the counterparty.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Changes in the fair value of derivatives, excluding insured derivatives, are recorded each period in current earnings within &amp;#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Changes in the fair value of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; insured derivatives are recorded each period in current earnings within &amp;#8220;Net change in fair value of insured derivatives&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; The net change in the fair value of the Company&amp;#8217;s insured derivatives has two primary components: (&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;) realized gains (losses) and ot&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;her settlements on insured derivatives and (ii) unrealized gains (losses) on insured derivatives. &amp;#8220;Realized gains (losses) and other settlements on insured derivatives&amp;#8221; include (&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;) premiums received and receivable on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sold&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; CDS contracts, (ii) premiums paid &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and payable to reinsurers in respect to CDS contracts, (iii) net amounts received or paid on reinsurance commutations, (iv) losses paid and payable to CDS contract counterparties due to the occurrence of a credit event or settlement agreement, (v) losses r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ecovered and recoverable on purchased CDS contracts due to the occurrence of a credit event or settlement agreement and (vi) fees relating to CDS contracts. &amp;#8220;Unrealized gains (losses) on insured derivatives&amp;#8221; include&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; all other changes in fair value of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insured derivative contracts.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has also entered into a derivative contract as a result of a commutation occurring in 2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Changes in the fair value of the Company&amp;#8217;s non-insured derivative are included in &amp;#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&amp;#8221; on the Company&amp;#8217;s consolidated statements of operations. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Variable Interest Entities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; co&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nsolidated by the Company have entered into derivative &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;instrument&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s consisting of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;interest rate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;swaps, interest rate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;caps and cross currency swaps&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Interest rate swaps and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nterest rate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;caps &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;are entered into to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;mitigate&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the risks associated with fluctuatio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ns in interest rates or fair values of certain contracts.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;  &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Cross currency swaps are entered into to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;manage&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the variability in cash flows resulting from fluctuations in foreign currency rates&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has entered into derivative &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;instrument&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;primarily consisting of interest rate swaps&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;  Interest rate swaps are entered into to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; manage&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the risks associated with fluctuations in interest rates or fair values of certain contracts. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Changes in the fair value of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;these&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; derivatives are recorded &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company&amp;#8217;s consolidated statements of operations &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;within &amp;#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Credit Derivatives Sold&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; present information about credit derivatives sold by the Company&amp;#8217;s insur&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ance operations that were outstanding as &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Credit&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; ratings represent the lower of underlying ratings assigned &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to the collateral &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;by Moody&amp;#8217;s, S&amp;amp;P or &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:17.25pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='22' rowspan='1' style='width:443.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:443.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;As of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:327.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Notional Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:44.25pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Credit Derivatives Sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Weighted Average Remaining Expected Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AAA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;BBB&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value Asset (Liability)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.4 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;968&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;146&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8,086&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19.5 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,778&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;961&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,877&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,846&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,746&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,149&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11,963&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(204)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(210)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:left;border-color:Black;min-width:39pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:16.5pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;$ in millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='22' rowspan='1' style='width:434.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:434.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt; As of December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Notional Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:52.5pt;' &gt;&lt;td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Credit Derivatives Sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Weighted Average Remaining Expected Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AAA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AA&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;BBB&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value Asset (Liability)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.6 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,914&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;968&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9,481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16.7 Years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;117&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2,935&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;970&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,914&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3,903&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,163&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,182&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13,525&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td 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Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hel&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lla&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;al.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Counterparty Credit Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative instruments in the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;corporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;segment. The&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;se &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;agreements allow the Company to contractually&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; net amounts due from &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a counterparty&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;under&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; master netting agreements, which typically contain mutual credit downgrade provisions that generall&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y provide the ability to require assignment or termination in the event either &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or the counterparty is downgraded below a specified credit rating.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Under these a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;greem&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ents, the Company may receive or provide U.S. Treasury and other highly rated securitie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s or cash to secure counterparties&amp;#8217; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;replacing the counterparty in the event that the counterparty defaults. As &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company did not hold cash collateral to derivative counterparties but posted cash collateral to derivative counterparties of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;127&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Of this amount, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;108&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is netted within &amp;#8220;Derivative liabilities&amp;#8221; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;19&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million is included within &amp;#8220;Other liabilities&amp;#8221; as cash collateral netted against accrued interest on derivative liabilities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company did not hold cash collateral to derivative counterparties&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; but posted cash collateral to derivative counterparties of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;12&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;All of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;12&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million is included within &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8220;Other liabilities&amp;#8221; as cash collateral netted against accrued interest on derivative liabilities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company had securities with a fair value of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;215&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million posted to derivative counterparties and this amount is included within &amp;#8220;Fixed-maturity securities held as available-for-sale, at fair value&amp;#8221; on the Company&amp;#8217;s consolidated balance sheet.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the Company had securities with a fair value of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;198&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million posted to derivative counterparties and this amount is included within &amp;#8220;Fixed-maturity securities held as available-for-sale, at fair value&amp;#8221; on the Com&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pany&amp;#8217;s consolidated balance sheet.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the fair value on one Credit Support Annex (&amp;#8220;CSA&amp;#8221;) was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;millio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;respectively.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;This&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; CSA governs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; collateral posting requirements between &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and its derivative counterparties. The Company did not receive collateral due to the Company&amp;#8217;s credit rating, which was below the CSA minimum credit ratings level for holding counterparty collateral. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the counterparty was rated A2 by Moody&amp;#8217;s and A by S&amp;amp;P.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Financial Statement Presentation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The fair value of amounts recognized for eligible derivative contracts executed with the same counterparty under a master netting agreement, including any cash collateral that may have been received or posted by the Company, is presented on a net basis in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;accordance with accounting guidance for the offsetting of fair value amounts related to derivative instruments. Insured CDS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;master netting agreements.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Counterparty netting of derivative assets and liabilities offsets balances in &amp;#8220;Interest rate swaps&amp;#8221; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the total fair value of the Company&amp;#8217;s derivative&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; assets, after counterparty netting of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, of which $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;6&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million was reported within &amp;#8220;Other assets&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets. Embedded derivatives of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;7&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were reported within &amp;#8220;Medium-term notes&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the total fair value of the Company&amp;#8217;s derivative liabilities, after counterparty netting of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and cash collateral posted by the company of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;108&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;81&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, of which $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;467&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was reported within &amp;#8220;Derivative liabilities&amp;#8221; and &amp;#8220;Derivative liabilities&amp;#8221; presented under &amp;#8220;Liabilities of consolidated va&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;riable interest entities&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets. Embedded derivatives of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;14&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were reported within &amp;#8220;Medium-term notes&amp;#8221; on the Company&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; consolidated balance sheets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the total fai&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r value of the Company&amp;#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting and posting of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;cash collateral, as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Assets &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Not designated as hedging instruments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8,086&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,877&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(269)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;903&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(76)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;392&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total non-designated derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14,862&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(590)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&amp;#8217;s embedded derivative instruments is determined&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;   by the location of the related host contract. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the total fair value of the Company&amp;#8217;s derivative assets, after counterparty netting&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;81&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, of which $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million was reported within &amp;#8220;Other assets&amp;#8221; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on the Company&amp;#8217;s consolidated balance sheets. Embedded derivatives of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were reported within &amp;#8220;Medium-term notes&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he total fair value of the Company&amp;#8217;s deriv&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ative liabilities, after counterparty netting&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;81&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;456&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;illion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;which&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; $437 million &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;was reported within &amp;#8220;Derivative liabilities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; and &amp;#8220;Derivative liabilities&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; presented under &amp;#8220;Liabilities of consolidated variable interest entities&amp;#8221; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on the Company&amp;#8217;s consolidated balance sheets.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Embedded derivatives of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;19&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million were reported within &amp;#8220;Medium-term notes&amp;#8221; and &amp;#8220;Other&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; investments&amp;#8221; on the Company&amp;#8217;s consolidated balance sheets.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the total fair value of the Company&amp;#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting and posting of cash colla&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;teral, as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:center;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Assets &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Not designated as hedging instruments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9,481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(248)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;437&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total non-designated derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(537)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&amp;#8217;s embedded derivative instruments is determined&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;   by the location of the related host contract. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;able&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ct&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ve&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olida&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ope&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Net Gain&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivatives Not Designated as&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Hedging Instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Location of Gain (Loss) Recognized in Income on Derivative&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;in Income&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(107)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(72)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;able&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ct&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ve&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olida&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ope&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Net Gain&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivatives Not Designated as&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Hedging Instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Location of Gain (Loss) Recognized in Income on Derivative&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;in Income&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;823&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(339)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(23)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Unrealized gains (losses) on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Realized gains (losses) and other settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' &gt;451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_1000" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">37000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue id="ID_1001" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">21000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_1002" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">2000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <us-gaap:Revenues id="ID_1003" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">577000000</us-gaap:Revenues>
  <mbi:FairValueMeasurementRangePercentage id="ID_1004" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.22</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues id="ID_1005" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues>
  <mbi:ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock id="ID_1006" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='20' rowspan='1' style='width:354pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:354pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Gross Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:32.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Gross Loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;and LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Payments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Accretion&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;and LAE&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;for Cases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;of Claim&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;with&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Liability&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Changes in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;LAE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:39.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Discount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;499&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:489.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:489.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='26' rowspan='1' style='width:489.75pt;text-align:left;border-color:Black;min-width:489.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Primarily changes in amount and timing of payments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock>
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  <mbi:ReservesForExpectedFutureClaimPayments id="ID_1039" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember" unitRef="USD" decimals="-6">653000000</mbi:ReservesForExpectedFutureClaimPayments>
  <us-gaap:DeferredTaxAssetsNet id="ID_1040" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">1028000000</us-gaap:DeferredTaxAssetsNet>
  <mbi:ProceedsFromReinsuranceAndRecoveries id="ID_1041" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">23000000</mbi:ProceedsFromReinsuranceAndRecoveries>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_1042" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability id="ID_1043" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability>
  <invest:DerivativeNotionalAmount id="ID_1044" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_CreditDefaultSwapMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBelowInvestmentGradeMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">1126000000</invest:DerivativeNotionalAmount>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_1045" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">2000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax id="ID_1046" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">17000000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
  <mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity id="ID_1047" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_IntersegmentEliminationMember" unitRef="USD" decimals="-6">-35000000</mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_1048" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <mbi:FairValueMeasurementRangePercentage id="ID_1049" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.12</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1050" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">21000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:FinancialGuaranteeCeded id="ID_1051" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD" decimals="-6">65000000</mbi:FinancialGuaranteeCeded>
  <mbi:InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock id="ID_1052" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:193.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;AFS Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:216pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;HTM Securities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Percentage of Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Number of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Number of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Below Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 5% to 15%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 15% to 25%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 25% to 50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;239&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1053" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAaaRatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted id="ID_1054" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">67000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
  <mbi:FairValueMeasurementRangePercentage id="ID_1055" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.41</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1056" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">80000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:TreasuryStockValueAcquiredCostMethod id="ID_1057" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_TreasuryStockMember" unitRef="USD" decimals="-6">76000000</us-gaap:TreasuryStockValueAcquiredCostMethod>
  <mbi:PaymentsToAcquireFairValueOptionAndTradingSecurities id="ID_1058" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">166000000</mbi:PaymentsToAcquireFairValueOptionAndTradingSecurities>
  <us-gaap:OtherIncome id="ID_1059" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">-4000000</us-gaap:OtherIncome>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1060" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1061" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysBaa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">1000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <invest:DerivativeNotionalAmount id="ID_1062" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</invest:DerivativeNotionalAmount>
  <invest:DerivativeNotionalAmount id="ID_1063" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">5846000000</invest:DerivativeNotionalAmount>
  <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock id="ID_1064" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Recently Adopted Accounting Standards &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Presentation of Financial Statements (Topic 205) and Property, P&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;lant, and Equipment (Topic 360)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; (ASU 2014-08)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In April of 2014, the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) issued Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) 2014-08, &amp;#8220;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)-Reporting Discontinued Operations and D&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;isclosures of Disposals of Components of an Entity.&amp;#8221; ASU 2014-08 changes the criteria for determining whether a disposal of a component or group of components of an entity qualifies for discontinued operations presentation and requires new disclosures. ASU&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; 2014-08 amends the definition of discontinued operation to a disposal of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity&amp;#8217;s operations and financial results. ASU 2014-08 was effective for interim&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and annual periods beginning January 1, 2015. The adoption of ASU 2014-08 did not affect the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Tra&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;nsfers and Servicing (Topic 860&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (AS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;U 2014-11)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In June of 2014, the FASB issued ASU 2014-11, &amp;#8220;Transfers and Servicing (Topic 860)-Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.&amp;#8221; The repurchase agreements and similar transactions guidance is amended by ASU 2014-1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1 to change the accounting for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.) repurchase-to-maturity transactions to secured borrowing accounting and ii.) linked repurchase financing transactions to secured borrowing accounting. ASU 2014-11 amends disclosure requirements for transfers accounted for&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as sales, and for repurchase transactions accounted for as secured borrowings. ASU 2014-11 was effective for interim and annual periods beginning January 1, 2015. The adoption of ASU 2014-11 did not affect the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;has not adopted any &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;other &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;new accounting pronouncements that had a material impact on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1065" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_InvestmentTypeAxis_us-gaap_MunicipalBondsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-8">98900000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives id="ID_1066" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_StatementGeographicalAxis_us-gaap_AsiaMember" unitRef="USD" decimals="-6">1000000</mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1067" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">834000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1068" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="USD" decimals="-6">3919000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:DeferredIncomeTaxExpenseBenefit id="ID_1069" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">44000000</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities id="ID_1070" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-78000000</us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities>
  <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock id="ID_1071" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Range&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Weighted&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Valuation Techniques&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices adjusted for financial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 6% (2%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  guarantees provided to VIE obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Breach rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:left;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices of VIE assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 39% (9%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  adjusted for financial guarantees provided&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Credit derivative liabilities, net:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25% - 90% (61%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19% - 32% (28%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.0 - 2.0 (1.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS spreads&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 57% (22%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Multi-sector CDO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Direct Price Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50% - 50% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model and Dual Default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42% - 45% (45%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50% - 50% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0.5 - 7.8 (1.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$0 - $83 ($42)&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2) - Midpoint of cash flows are used for the weighted average.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Range&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(Weighted&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Valuation Techniques&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices adjusted for financial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 10% (2%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  guarantees provided to VIE obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Loan repurchase commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Breach rates&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Liabilities of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;735&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Market prices of VIE assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Impact of financial guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 35% (16%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  adjusted for financial guarantees provided&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Credit derivative liabilities, net:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;25% - 90% (59%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12% - 29% (25%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1.3 - 3.2 (2.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;CMBS spreads&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0% - 41% (19%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Multi-sector CDO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Direct Price Model&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;53% - 53% (53%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;BET Model and Dual Default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Recovery rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42% - 45% (45%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Nonperformance risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41% - 51% (50%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Weighted average life (in years)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;0.2 - 7.9 (1.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Other derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Discounted cash flow&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$0 - $83 ($42)&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:334.5pt;text-align:left;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;____________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' &gt;&lt;/td&gt;&lt;td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' &gt;&lt;/td&gt;&lt;td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2) - Midpoint of cash flows are used for the weighted average.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue id="ID_1072" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">63000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue>
  <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate id="ID_1073" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_RecoveriesOnUnpaidLossesMember" unitRef="USD" decimals="-6">3000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate>
  <us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1074" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CorporateDebtSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">373000000</us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1075" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_BelowInvestmentGradeMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">58000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_1076" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:DeferredTaxAssetsLiabilitiesNet id="ID_1077" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">969000000</us-gaap:DeferredTaxAssetsLiabilitiesNet>
  <us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses id="ID_1078" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
  <us-gaap:ComprehensiveIncomeNoteTextBlock id="ID_1079" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 12: Accumulated Other Comprehensive Income &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ll&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;changes in the c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ponents of AOCI &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;on AFS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Foreign Currency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:83.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:83.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities, Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Translation, Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Balance, December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(20)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Amounts reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(20)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:4.5pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Balance, March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ll&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;details of the reclassifications from AOCI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:148.5pt;text-align:center;border-color:Black;min-width:148.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amounts Reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:148.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:148.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;Details about AOCI Components&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Affected Line Item on the Consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Statements of Operations&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Unrealized gains (losses) on AFS securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.75pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gain (loss) on sale of securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     and foreign exchange &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Amortization on securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net investment income &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Foreign currency translation:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.75pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gain (loss) on liquidation of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;    foreign entity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total reclassifications for the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ComprehensiveIncomeNoteTextBlock>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales id="ID_1080" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">8000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1081" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAaaRatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">574000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <invest:DerivativeNotionalAmount id="ID_1082" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">13525000000</invest:DerivativeNotionalAmount>
  <us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements id="ID_1083" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="shares" decimals="0">1000539</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_1084" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">113000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <mbi:SegmentRevenue id="ID_1085" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">105000000</mbi:SegmentRevenue>
  <us-gaap:DeferredTaxAssetsLiabilitiesNet id="ID_1086" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-8">1000000000</us-gaap:DeferredTaxAssetsLiabilitiesNet>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue id="ID_1087" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_USStatesAndPoliticalSubdivisionsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">6000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1088" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">63000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1089" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">5353000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_1090" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">4000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1091" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">691000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:PaymentsForOperatingActivities id="ID_1092" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">55000000</us-gaap:PaymentsForOperatingActivities>
  <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions id="ID_1093" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_InsuranceLossRecoverableMember" unitRef="USD" decimals="-6">14000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1094" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">30000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_1095" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">5000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <mbi:FairValueMeasurementRangePercentage id="ID_1096" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.5</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue id="ID_1097" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">729000000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:OperatingExpenses id="ID_1098" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">3000000</us-gaap:OperatingExpenses>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount id="ID_1099" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">14000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount>
  <us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock id="ID_1100" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AFS Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;HTM Securities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Amortized &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Amortized &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due in one year or less&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;841&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after one year through five years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,420&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,449&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after five years through ten years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;905&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;943&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after ten years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,467&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,507&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed and asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,574&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,559&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,299&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1101" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">20000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <invest:DerivativeNotionalAmount id="ID_1102" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_CreditDefaultSwapMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">9481000000</invest:DerivativeNotionalAmount>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_1103" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1200000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1104" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">53000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent id="ID_1105" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">21000000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <mbi:SegmentRevenue id="ID_1106" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_ConduitsMember" unitRef="USD" decimals="-6">3000000</mbi:SegmentRevenue>
  <mbi:SegmentPretaxIncomeLoss id="ID_1107" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_ConduitsMember" unitRef="USD" decimals="-6">3000000</mbi:SegmentPretaxIncomeLoss>
  <us-gaap:ProceedsFromSaleAndCollectionOfLoansReceivable id="ID_1108" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">55000000</us-gaap:ProceedsFromSaleAndCollectionOfLoansReceivable>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax id="ID_1109" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-2000000</us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax>
  <us-gaap:IncomeTaxExpenseBenefit id="ID_1110" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">136000000</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1111" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_mbi_FacilityMember" unitRef="USD" decimals="-6">26000000</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation id="ID_1112" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_us-gaap_LoansPayableMember" unitRef="USD" decimals="-6">0</us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_1113" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_VariableInterestEntityNotesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1312000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest id="ID_1114" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="USD" decimals="-6">3037000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest>
  <mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments id="ID_1115" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">4000000000</mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments>
  <mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments id="ID_1116" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2653000000</mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1117" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3 id="ID_1118" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">33000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3>
  <us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod id="ID_1119" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember">P12Y1M6D</us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod>
  <us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts id="ID_1120" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-10000000</us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock id="ID_1121" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:547.5pt;text-align:center;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses) for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36pt;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;State and municipal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable- &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:left;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  residential &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(56)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable- Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loan repurchase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;385&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Currency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  derivatives, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(68)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:31.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:31.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:7.5pt;' &gt;&lt;td colspan='40' rowspan='1' style='width:540.75pt;text-align:center;border-color:Black;min-width:540.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Change in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses) for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;the Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included in&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings for&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;still held&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Realized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Recognized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Transfers&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;as of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Beginning&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Gains /&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI or&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;into&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;out of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Ending&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;of Period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;in OCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Issuances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;Balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;State and municipal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:17.25pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Assets of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Residential mortgage-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Collateralized debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loans receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,612&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;1,557&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Loan repurchase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;  commitments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;359&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,352&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(73)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;2,406&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
  <invest:DerivativeNotionalAmount id="ID_1122" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBelowInvestmentGradeMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">23000000</invest:DerivativeNotionalAmount>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1123" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">55000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:InsuranceLossRecoverable id="ID_1124" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_LoanStatusAxis_mbi_ExcessSpreadMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRmbsAndHelocAndCesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">122000000</mbi:InsuranceLossRecoverable>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1125" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" unitRef="USD" decimals="-6">-17000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue id="ID_1126" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue id="ID_1127" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue>
  <us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations id="ID_1128" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-9000000</us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>
  <us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities id="ID_1129" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">8000000</us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities>
  <mbi:WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition id="ID_1130" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585">P13Y</mbi:WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1131" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_MajorPropertyClassAxis_us-gaap_AssetsHeldForSaleMember" unitRef="USD" decimals="-6">26000000</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:SellingGeneralAndAdministrativeExpense id="ID_1132" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">19000000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:Assets id="ID_1133" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">2737000000</us-gaap:Assets>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1134" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_mbi_InvestmentsAtFairValueMember" unitRef="USD" decimals="-6">0</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1135" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_us-gaap_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6">0</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1136" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">802000000</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_1137" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember" unitRef="USD" decimals="-6">25000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_1138" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">499000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1139" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_BelowInvestmentGradeMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">33000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <invest:DerivativeNotionalAmount id="ID_1140" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">1163000000</invest:DerivativeNotionalAmount>
  <mbi:SegmentExpense id="ID_1141" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_StructuredFinanceAndInternationalInsuranceMember" unitRef="USD" decimals="-6">76000000</mbi:SegmentExpense>
  <us-gaap:DeferredPolicyAcquisitionCosts id="ID_1142" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">204000000</us-gaap:DeferredPolicyAcquisitionCosts>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1143" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">81000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:HeldToMaturitySecurities id="ID_1144" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="USD" decimals="-6">575000000</us-gaap:HeldToMaturitySecurities>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1145" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">1000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3 id="ID_1146" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">6000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax id="ID_1147" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax>
  <mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor id="ID_1148" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember" unitRef="USD" decimals="-6">49000000</mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor>
  <mbi:OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax id="ID_1149" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">3000000</mbi:OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax>
  <us-gaap:UnearnedPremiums id="ID_1150" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">1874000000</us-gaap:UnearnedPremiums>
  <us-gaap:HeldToMaturitySecurities id="ID_1151" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2742000000</us-gaap:HeldToMaturitySecurities>
  <us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities id="ID_1152" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-70000000</us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1153" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">1757000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <mbi:GuaranteedInvestmentAgreementsFairValue id="ID_1154" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">711000000</mbi:GuaranteedInvestmentAgreementsFairValue>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1155" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">4000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock id="ID_1156" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:148.5pt;text-align:center;border-color:Black;min-width:148.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amounts Reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:148.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:148.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;Details about AOCI Components&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Affected Line Item on the Consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Statements of Operations&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Unrealized gains (losses) on AFS securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.75pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gain (loss) on sale of securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     and foreign exchange &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Amortization on securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net investment income &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:3pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Foreign currency translation:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.75pt;' &gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gain (loss) on liquidation of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;    foreign entity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments at fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total reclassifications for the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' &gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1157" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1 id="ID_1158" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1>
  <mbi:FairValueMeasurementRangePercentage id="ID_1159" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_MultiSectorCDOMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.53</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1160" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">6000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:PercentageOfFairValueBelowBookValueMinimum id="ID_1161" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" unitRef="pure" decimals="2">0.25</mbi:PercentageOfFairValueBelowBookValueMinimum>
  <us-gaap:SecurityOwnedAndPledgedAsCollateralFairValue id="ID_1162" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">532000000</us-gaap:SecurityOwnedAndPledgedAsCollateralFairValue>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1163" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">53000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss id="ID_1164" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1165" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">3950000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1166" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">10884000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1167" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysBaa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <invest:DerivativeNotionalAmount id="ID_1168" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_CreditDefaultSwapMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">146000000</invest:DerivativeNotionalAmount>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease id="ID_1169" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-49000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease>
  <mbi:FairValueMeasurementRangePercentage id="ID_1170" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_RecoveryRatesMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.9</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1171" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_InterestRateDerivativesMember_us-gaap_FairValueByLiabilityClassAxis_mbi_NonInsuredDerivativesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_DerivativeAssetsMember" unitRef="USD" decimals="-6">1000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1172" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_LoanRepurchaseCommitmentsMember" unitRef="USD" decimals="-6">5000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <mbi:FairValueMeasurementRangePercentage id="ID_1173" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.19</mbi:FairValueMeasurementRangePercentage>
  <mbi:IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1174" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-52000000</mbi:IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings id="ID_1175" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">11000000</us-gaap:FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings>
  <invest:DerivativeNotionalAmount id="ID_1176" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">6914000000</invest:DerivativeNotionalAmount>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1177" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">10368000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue id="ID_1178" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">167000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue>
  <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther id="ID_1179" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-6000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1180" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">50000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:PreferredStockSharesOutstanding id="ID_1181" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="shares" decimals="INF">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1182" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="-6">21000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities id="ID_1183" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-680000000</us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding id="ID_1184" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="Issues" decimals="INF">145</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding>
  <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate id="ID_1185" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">8000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate>
  <us-gaap:AssetsFairValueDisclosureNonrecurring id="ID_1186" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">138000000</us-gaap:AssetsFairValueDisclosureNonrecurring>
  <us-gaap:LongTermDebtFairValue id="ID_1187" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">1172000000</us-gaap:LongTermDebtFairValue>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_1188" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_USStatesAndPoliticalSubdivisionsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">60000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions id="ID_1189" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="Security" decimals="INF">1</us-gaap:HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1190" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">2000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <invest:DerivativeNotionalAmount id="ID_1191" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</invest:DerivativeNotionalAmount>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_1192" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">50000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1193" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CashAndCashEquivalentsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" unitRef="USD" decimals="-6">596000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities id="ID_1194" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">10000000</mbi:FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1195" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CreditDefaultSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember" unitRef="USD" decimals="-6">-339000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:Liabilities id="ID_1196" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">12334000000</us-gaap:Liabilities>
  <us-gaap:IncreaseDecreaseInPremiumsReceivable id="ID_1197" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">-41000000</us-gaap:IncreaseDecreaseInPremiumsReceivable>
  <mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments id="ID_1198" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2479000000</mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1199" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">10000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AvailableForSaleSecuritiesAmortizedCost id="ID_1200" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" unitRef="USD" decimals="-6">19000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
  <mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor id="ID_1201" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_mbi_OtherInsurersMember_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AllOtherSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor>
  <mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod id="ID_1202" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" unitRef="Security" decimals="INF">15</mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1203" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CashAndCashEquivalentsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_AssetsOfConsolidatedVIEsMember" unitRef="USD" decimals="-6">53000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_1204" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">-2000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_1205" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRMBSSecuritizationsMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">21000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_1206" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_WarrantMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_OtherLiabilitiesMember" unitRef="USD" decimals="-6">33000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <mbi:NumberOfPolicies id="ID_1207" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="Policies" decimals="INF">172</mbi:NumberOfPolicies>
  <invest:DerivativeNotionalAmount id="ID_1208" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">14862000000</invest:DerivativeNotionalAmount>
  <mbi:GuaranteeObligationsMaximumNetExposure id="ID_1209" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-8">8300000000</mbi:GuaranteeObligationsMaximumNetExposure>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1210" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">75000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1211" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_LoanRepurchaseCommitmentsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">385000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_1212" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">37000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1213" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">85000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock id="ID_1214" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loss reserves (claim liability)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loss and LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;499&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insurance claim loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(527)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(533)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;LAE insurance loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insurance loss recoverable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(527)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(533)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on unpaid losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on unpaid LAE reserves&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reinsurance recoverable on paid and unpaid losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock>
  <us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1215" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">373000000</us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives id="ID_1216" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_StatementGeographicalAxis_mbi_OtherLocationsMember" unitRef="USD" decimals="-6">2000000</mbi:PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives>
  <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld id="ID_1217" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">16000000</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability id="ID_1218" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1219" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_BelowInvestmentGradeMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1220" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysAa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">50000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <invest:DerivativeNotionalAmount id="ID_1221" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">970000000</invest:DerivativeNotionalAmount>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1222" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1129000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax id="ID_1223" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">17000000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1224" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_MajorPropertyClassAxis_us-gaap_AssetsHeldForSaleMember" unitRef="USD" decimals="-6">22000000</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <mbi:SegmentExpense id="ID_1225" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">45000000</mbi:SegmentExpense>
  <us-gaap:NetIncomeLoss id="ID_1226" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_CorporateOperationsMember" unitRef="USD" decimals="-6">15000000</us-gaap:NetIncomeLoss>
  <mbi:IncreaseDecreaseInOtherNetRealizedGainsLosses id="ID_1227" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-20000000</mbi:IncreaseDecreaseInOtherNetRealizedGainsLosses>
  <us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference id="ID_1228" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">173000000</us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1229" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">3000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1230" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_mbi_TotalGainsLossesIncludedInEarningsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">-13000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding id="ID_1231" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">236000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding>
  <invest:InvestmentTableTextBlock id="ID_1232" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other-Than-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amortized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Temporary&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Impairments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;680&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;722&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,644&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,752&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;289&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;296&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,970&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(100)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,092&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;332&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,299&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,444&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,539&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:16.5pt;' &gt;&lt;td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other-Than-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amortized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Temporary&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Impairments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;631&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;667&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,644&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,730&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;283&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,984&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(92)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,936&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(86)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,116&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;231&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;222&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,075&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;422&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;422&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Perpetual debt and equity securities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,509&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;209&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,571&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</invest:InvestmentTableTextBlock>
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  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1240" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1129000000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <mbi:GrossReserveRecoveriesOnUnpaidLosses id="ID_1253" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_LoanStatusAxis_mbi_ExcessSpreadMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRmbsAndHelocAndCesMember" unitRef="USD" decimals="-6">27000000</mbi:GrossReserveRecoveriesOnUnpaidLosses>
  <mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets id="ID_1254" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">1000000</mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1255" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">2071000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
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  <us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate id="ID_1258" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="pure" decimals="4">0.0149</us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate>
  <mbi:CollectionsForCasesWithRecoveries id="ID_1259" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">21000000</mbi:CollectionsForCasesWithRecoveries>
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  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1261" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_USStatesAndPoliticalSubdivisionsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">6000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1262" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" unitRef="USD" decimals="-6">0</us-gaap:DerivativeGainLossOnDerivativeNet>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1263" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">-1000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <us-gaap:AdditionalPaidInCapital id="ID_1264" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">3124000000</us-gaap:AdditionalPaidInCapital>
  <mbi:FairValueOptionAggregateFairValueMediumTermNotes id="ID_1265" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">197000000</mbi:FairValueOptionAggregateFairValueMediumTermNotes>
  <dei:EntityRegistrantName id="ID_1266" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">MBIA INC</dei:EntityRegistrantName>
  <mbi:ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock id="ID_1267" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, &lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Public Finance Insurance Segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;International and Structured Finance Insurance Segment:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Second-lien RMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;First-lien RMBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Losses and LAE expense (benefit)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:5pt;color:#000000;' &gt;________________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:left;border-color:Black;min-width:75pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability id="ID_1268" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="USD" decimals="-6">-24000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability>
  <mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable id="ID_1269" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">1554000000</mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1270" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_mbi_MbiaCorpAndNationalMember_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">97000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1271" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember" unitRef="USD" decimals="-6">36000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue id="ID_1272" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_DerivativeAssetsMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">14000000</mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases id="ID_1273" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">4000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
  <mbi:PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel id="ID_1274" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="pure" decimals="2">0.07</mbi:PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1275" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">2122000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:FairValueMeasurementRangePercentage id="ID_1276" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.5</mbi:FairValueMeasurementRangePercentage>
  <mbi:FairValueMeasurementRangePercentage id="ID_1277" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.29</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:ProceedsFromInsurancePremiumsCollected id="ID_1278" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">17000000</us-gaap:ProceedsFromInsurancePremiumsCollected>
  <us-gaap:PaymentsToAcquireAvailableForSaleSecurities id="ID_1279" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">325000000</us-gaap:PaymentsToAcquireAvailableForSaleSecurities>
  <us-gaap:AccruedInvestmentIncomeReceivable id="ID_1280" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">43000000</us-gaap:AccruedInvestmentIncomeReceivable>
  <us-gaap:AssetsFairValueDisclosureNonrecurring id="ID_1281" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">2636000000</us-gaap:AssetsFairValueDisclosureNonrecurring>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount id="ID_1282" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount>
  <mbi:PayableForInvestmentsPurchasedFairValueDisclosure id="ID_1283" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">71000000</mbi:PayableForInvestmentsPurchasedFairValueDisclosure>
  <mbi:PercentageOfFairValueBelowBookValueMaximum id="ID_1284" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanFivePercentToFifteenPercentMember" unitRef="pure" decimals="2">0.15</mbi:PercentageOfFairValueBelowBookValueMaximum>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1285" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">388000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock id="ID_1286" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Insured Securities Rated Below&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Investment Grade without the&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average Credit Rating with the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average Credit Rating without the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Asset Type&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;ABS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Baa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock>
  <mbi:FairValueMeasurementRangePercentage id="ID_1287" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_UnobservableInputAxis_mbi_ImpactOfFinancialGuaranteeMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_us-gaap_LoansReceivableMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="pure" decimals="4">0</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1288" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">744000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:PaymentsForNetRealizedLossesOnInsuredDerivativesPaid id="ID_1289" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">13000000</mbi:PaymentsForNetRealizedLossesOnInsuredDerivativesPaid>
  <us-gaap:InterestPaidNet id="ID_1290" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">48000000</us-gaap:InterestPaidNet>
  <us-gaap:AssetsFairValueDisclosureNonrecurring id="ID_1291" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">2639000000</us-gaap:AssetsFairValueDisclosureNonrecurring>
  <mbi:SegmentExpense id="ID_1292" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">28000000</mbi:SegmentExpense>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3 id="ID_1293" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedNonAgencyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3>
  <mbi:FairValueMeasurementRangePercentage id="ID_1294" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_NonperformanceRiskMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.5</mbi:FairValueMeasurementRangePercentage>
  <mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable id="ID_1295" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_OtherLoansMember" unitRef="USD" decimals="-6">108000000</mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="ID_1296" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">1000000</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries id="ID_1297" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">860000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1298" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FinancialInstrumentAxis_mbi_WrappedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AllOtherSecuritiesMember" unitRef="USD" decimals="-6">24000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_1299" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">-14000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest id="ID_1300" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="USD" decimals="-6">2876000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest>
  <mbi:PayableForInvestmentsPurchasedFairValueDisclosure id="ID_1301" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD" decimals="-6">42000000</mbi:PayableForInvestmentsPurchasedFairValueDisclosure>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1302" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_PerpetualDebtAndEquitySecuritiesMember" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_1303" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRMBSSecuritizationsMember" unitRef="USD" decimals="-6">70000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount id="ID_1304" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount>
  <us-gaap:GainLossOnDerivativeInstrumentsNetPretax id="ID_1305" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_OperatingSegmentsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">1000000</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
  <us-gaap:DeferredTaxAssetsValuationAllowance id="ID_1306" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="0">0</us-gaap:DeferredTaxAssetsValuationAllowance>
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  <mbi:VieInterestNet id="ID_1309" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">18000000</mbi:VieInterestNet>
  <mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors id="ID_1310" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember" unitRef="USD" decimals="-6">56000000</mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_1311" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">2000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding id="ID_1312" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="Issues" decimals="INF">16</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding>
  <us-gaap:LiabilitiesAndStockholdersEquity id="ID_1313" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">16284000000</us-gaap:LiabilitiesAndStockholdersEquity>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1314" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_NotRatedMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">100000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:AvailableForSaleSecuritiesAmortizedCost id="ID_1315" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanFiftyPercentMember" unitRef="USD" decimals="-6">130000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_1316" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">3000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables id="ID_1317" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">396000000</us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables>
  <dei:CurrentFiscalYearEndDate id="ID_1318" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">--12-31</dei:CurrentFiscalYearEndDate>
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  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="ID_1331" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 13: Commitments and Contingencies&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following commitments and contingencies provide an update of those discussed in &amp;#8220;Note 2&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;: Commitments and Contingencies&amp;#8221; in the Notes to Consolidated Financial Statements included in the Company&amp;#8217;s Annual Report on Form 10-K for the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;year ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, and should be read in conjunction with the complete descriptions provided in the aforementioned Form 10-K.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Litigation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;; Index No. 603751/2009 &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;(N.Y. Sup. Ct.,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; N.Y. County)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;On &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 2, 2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the court issued an order scheduling expert discovery &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;to conclude by February of 2016&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MBIA Insurance Corp. v. J.P. Morgan Securities LLC (f/k/a Be&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;ar, Stearns&amp;#160;&amp;amp; Co. Inc.)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;; Index No.&amp;#160;64676/2012 (N.Y. Sup. Ct., County of West&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;chester)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;On &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;September 9&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, 2014, the court granted in part &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA Corp.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217;s motion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; to file an amended complaint&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. MBIA filed its amended complaint on September 29, 2014. J.P. Morgan filed its answer to the amended complaint on October 10, 2014. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Both parties are cross-appealing the September 9, 2014 decision granting in part MBIA&amp;#39;s motion to file an amended complaint. The briefing is scheduled to be completed on June 8, 2015.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Ambac Bond Insurance &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Coverage Cases,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Coordinated Proceeding Case No. JCCP 4555 (Super. Ct. of Cal., County of San Francisco)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;An appeal of the dismissal of the plaintiff&amp;#8217;s anti-trust claim under California&amp;#8217;s Cartwright Act is pending. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;An appeal is also pending of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 26, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; decision granting in part the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Bond Insurer defendants&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8217; motions for reimbursement of legal fees incurred in connection with the motion to strike pursuant to California&amp;#8217;s Anti-SLAPP statute&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company is defending against the aforementioned actions i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n which it is a defendant and expects ultimately to prevail on the merits. There is no assurance, however, that the Company will prevail in these actions. Adverse rulings in these actions could have a material adverse effect on the Company&amp;#8217;s ability to imp&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lement its strategy and on its business, results of operations, cash flows and financial condition. At this stage of the litigation, there has not been a determination as to the amount, if any, of damages. Accordingly, the Company is not able to estimate a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ny amount of loss or range of loss.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;There are no other material lawsuits pending or, to the knowledge of the Company, threatened, to which the Company or any of its subsidiaries is a party&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Lease&lt;/font&gt;&lt;font style='font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;' &gt; Commitments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has a lease agreement for its headq&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uarters in Purchase, New York&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. 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  <invest:DerivativeNotionalAmount id="ID_1357" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</invest:DerivativeNotionalAmount>
  <us-gaap:NetIncomeLoss id="ID_1358" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">256000000</us-gaap:NetIncomeLoss>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1359" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">737000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1360" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">2048000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:FairValueDisclosureWeightedAverageInYears id="ID_1361" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_WeightedAverageLifeMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="myYears" decimals="1">1</mbi:FairValueDisclosureWeightedAverageInYears>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue id="ID_1362" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">841000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue>
  <us-gaap:CommonStockSharesIssued id="ID_1363" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="shares" decimals="INF">281670699</us-gaap:CommonStockSharesIssued>
  <us-gaap:PaymentsForRepurchaseOfCommonStock id="ID_1364" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">75000000</us-gaap:PaymentsForRepurchaseOfCommonStock>
  <mbi:ReceivableForInvestmentsSold id="ID_1365" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">67000000</mbi:ReceivableForInvestmentsSold>
  <us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables id="ID_1366" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_ResidentialMortgageLoansMember" unitRef="USD" decimals="-6">177000000</us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1367" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysA1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue id="ID_1368" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">210000000</us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue>
  <mbi:FairValueMeasurementRangeDollars id="ID_1369" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_DiscountedCashFlowsMember_us-gaap_RangeAxis_us-gaap_MinimumMember" unitRef="USD" decimals="-6">0</mbi:FairValueMeasurementRangeDollars>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1370" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_USTreasuryAndGovernmentMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">624000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock id="ID_1371" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='23' rowspan='1' style='width:417.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:417.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:168pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:168pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:center;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Loss and Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Exposure&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premiums&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Derivative&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;to Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Receivable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Recoverable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global structured finance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,491&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,788&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;13,575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;513&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;554&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Consumer asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,856&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,916&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,319&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total global structured finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;33,879&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;18,461&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;519&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global public finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;45,700&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;15,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;79,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;34,056&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;519&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Investments&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Premiums receivable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Reported within &amp;quot;Insurance loss recoverable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(4) - Reported within &amp;quot;Unearned premium revenue&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(5) - Reported within &amp;quot;Loss and loss adjustment expense reserves&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(6) - Reported within &amp;quot;Derivative liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='23' rowspan='1' style='width:418.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:418.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:167.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:167.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Carrying Value of Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Loss and Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unearned&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Exposure&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premiums&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Premium&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Derivative&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;to Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Receivable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Recoverable&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Revenue&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Reserves&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Insurance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global structured finance:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;8,613&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;5,623&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14,136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;7,459&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;518&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;307&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Mortgage-backed commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;571&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Consumer asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,008&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,989&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6,612&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;4,608&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total global structured finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;35,940&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;19,958&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;123&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;524&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Global public finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;49,686&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;16,698&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;211&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total insurance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;85,626&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;36,656&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;302&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;524&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;332&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Reported within &amp;quot;Investments&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Reported within &amp;quot;Premiums receivable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(3) - Reported within &amp;quot;Insurance loss recoverable&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(4) - Reported within &amp;quot;Unearned premium revenue&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(5) - Reported within &amp;quot;Loss and loss adjustment expense reserves&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(6) - Reported within &amp;quot;Derivative liabilities&amp;quot; on MBIA&amp;#39;s consolidated balance sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability id="ID_1372" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">850000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1373" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">69000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities id="ID_1374" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">15000000</us-gaap:ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1375" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_us-gaap_ResidentialPrimeFinancingReceivableMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1372000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <mbi:PaymentsForDeconsolidationOfVariableInterestEntity id="ID_1376" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</mbi:PaymentsForDeconsolidationOfVariableInterestEntity>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1377" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CreditDefaultSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember" unitRef="USD" decimals="-6">-9000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis id="ID_1378" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">905000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis>
  <us-gaap:RepaymentsOfLongTermDebt id="ID_1379" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:RepaymentsOfLongTermDebt>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="ID_1380" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">21000000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding id="ID_1381" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="Issues" decimals="INF">119</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding>
  <us-gaap:MediumTermNotes id="ID_1382" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">753000000</us-gaap:MediumTermNotes>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1383" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedNonAgencyMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">18000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <mbi:FairValueMeasurementRangeDollars id="ID_1384" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_DiscountedCashFlowsMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember" unitRef="USD" decimals="-6">42000000</mbi:FairValueMeasurementRangeDollars>
  <us-gaap:BorrowingsUnderGuaranteedInvestmentAgreements id="ID_1385" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">538000000</us-gaap:BorrowingsUnderGuaranteedInvestmentAgreements>
  <invest:DerivativeNotionalAmount id="ID_1386" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_mbi_AllOtherMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">83000000</invest:DerivativeNotionalAmount>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1387" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_OtherAssetBackedMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_AssetBackedSecuritiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">42000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax id="ID_1388" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">34000000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:IncomeTaxesPaidNet id="ID_1389" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities id="ID_1390" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">192000000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1391" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_VariableInterestEntityNotesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2653000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="ID_1392" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember_us-gaap_MajorPropertyClassAxis_us-gaap_AssetsHeldForSaleMember" unitRef="USD" decimals="-6">22000000</us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent>
  <us-gaap:StockholdersEquity id="ID_1393" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">3929000000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1394" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="USD" decimals="-6">282000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <mbi:FinancialGuaranteeGross id="ID_1395" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">3874000000</mbi:FinancialGuaranteeGross>
  <us-gaap:AvailableForSaleSecuritiesAmortizedCost id="ID_1396" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" unitRef="USD" decimals="-6">41000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
  <us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock id="ID_1397" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Assets &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Not designated as hedging instruments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8,086&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,877&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(269)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;903&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(76)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;392&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total non-designated derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14,862&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(590)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&amp;#8217;s embedded derivative instruments is determined&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;   by the location of the related host contract. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:center;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Assets &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Notional&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Balance Sheet Location&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Not designated as hedging instruments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured credit default swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;9,481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Insured swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(248)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Interest rate swaps-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;437&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Currency swaps-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;83&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative assets-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Derivative liabilities-VIE&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;All other-embedded&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total non-designated derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(537)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;__________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&amp;#8217;s embedded derivative instruments is determined&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;   by the location of the related host contract. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock>
  <us-gaap:PremiumsEarnedNet id="ID_1398" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">101000000</us-gaap:PremiumsEarnedNet>
  <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange id="ID_1399" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_MediumTermNotesMember" unitRef="USD" decimals="-6">17000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
  <mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors id="ID_1400" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">7000000</mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors>
  <us-gaap:InterestExpense id="ID_1401" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">54000000</us-gaap:InterestExpense>
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  <us-gaap:DerivativeCollateralRightToReclaimCash id="ID_1413" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_DerivativeLiabilitiesMember" unitRef="USD" decimals="-6">0</us-gaap:DerivativeCollateralRightToReclaimCash>
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  <us-gaap:AccruedInvestmentIncomeReceivable id="ID_1415" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_EstimateOfFairValueFairValueDisclosureMember" unitRef="USD" decimals="-6">43000000</us-gaap:AccruedInvestmentIncomeReceivable>
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  <mbi:DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting id="ID_1417" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">10000000</mbi:DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1418" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedNonAgencyMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MortgageBackedSecuritiesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">56000000</us-gaap:AssetsFairValueDisclosureRecurring>
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  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability id="ID_1420" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability>
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  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent id="ID_1426" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="-6">1000000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
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  <us-gaap:AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost id="ID_1428" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">1114000000</us-gaap:AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost>
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  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1432" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_ForeignGovernmentDebtMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
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  <us-gaap:OtherIncome id="ID_1434" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">20000000</us-gaap:OtherIncome>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1435" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysBaa1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">20000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue id="ID_1436" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_DerivativeLiabilitiesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">269000000</mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue>
  <mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue id="ID_1437" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_BalanceSheetLocationAxis_mbi_DerivativeLiabilitiesMember_us-gaap_HedgingDesignationAxis_us-gaap_NondesignatedMember" unitRef="USD" decimals="-6">537000000</mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue>
  <mbi:InsuranceLossRecoverable id="ID_1438" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_LoanStatusAxis_mbi_ExcessSpreadMember_us-gaap_StatementBusinessSegmentsAxis_mbi_SecondLienRmbsAndHelocAndCesMember" unitRef="USD" decimals="-6">496000000</mbi:InsuranceLossRecoverable>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome id="ID_1439" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome>
  <us-gaap:AssetsFairValueDisclosureRecurring id="ID_1440" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_InterestRateDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByLiabilityClassAxis_mbi_NonInsuredDerivativesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_DerivativeAssetsMember" unitRef="USD" decimals="-6">2000000</us-gaap:AssetsFairValueDisclosureRecurring>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_1441" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_CreditDerivativesMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueByLiabilityClassAxis_mbi_InsuredDerivativesMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_mbi_DerivativeLiabilitiesMember" unitRef="USD" decimals="-6">207000000</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <us-gaap:InvestmentOwnedAtFairValue id="ID_1442" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">13000000</us-gaap:InvestmentOwnedAtFairValue>
  <mbi:InsuranceLossRecoverable id="ID_1443" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">527000000</mbi:InsuranceLossRecoverable>
  <us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock id="ID_1444" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:343.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Income (loss) before income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Effective tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38.9%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;36.6%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' &gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1445" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_USStatesAndPoliticalSubdivisionsMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">257000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <invest:DerivativeNotionalAmount id="ID_1446" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">1107000000</invest:DerivativeNotionalAmount>
  <us-gaap:DerivativeCollateralRightToReclaimCash id="ID_1447" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">127000000</us-gaap:DerivativeCollateralRightToReclaimCash>
  <us-gaap:NatureOfOperations id="ID_1448" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 1: Business Developments and Risks and Uncertainties&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Summary&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc., together with its consolidated subsidiaries, (collectively, &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; or the &amp;#8220;Company&amp;#8221;) operates one of the largest financial guarantee insurance businesses in the industry and was a provider of asset management and advisory &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;services. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; manages three operating segments: 1) United States (&amp;#8220;U.S.&amp;#8221;) public finance insurance; 2) international and structured finance insurance; and 3) corporate.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&amp;#8217;s U.S. public finance insurance business is primarily operated through Nat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ional Public Finance Guarantee Corporation and its subsidiaries (&amp;#8220;National&amp;#8221;) and its international and structured finance insurance business is primarily operated through &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Insurance Corporation and its subsidiaries (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8221;). Unless otherwise indi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;cated or the context otherwise requires, references to &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8221; are to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Insurance Corporation, together with its subsidiaries, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK Insurance Limited (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK&amp;#8221;) and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Mexico S.A. de C.V.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Prior to 2015, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; managed two other operating segm&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ents, advisory services and conduit. The advisory services segment was primarily operated through Cutwater Holdings, LLC and its subsidiaries (&amp;#8220;Cutwater&amp;#8221;). Effective on January 1, 2015, the Company exited its advisory services business through the sale of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Cutwater. During the second quarter of 2014, the Company dissolved its conduit segment through the liquidation of Meridian Funding Company, LLC. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Refer to &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 10: Business Segments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; for further information about the Company&amp;#8217;s operating segments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Business Developments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Na&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;tional Ratings and New Business Opportunities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;National&amp;#8217;s ability to write new business and compete with other financial guarantors is largely dependent on the financial strength ratings assigned to National by major rating agencies. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, National was rated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;AA+ with a stable outlook by Kroll Bond Rating Agency, AA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;- with a stable outlook&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Standard&amp;#160;&amp;amp; Poor&amp;#8217;s Financial Services LLC (&amp;#8220;S&amp;amp;P&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, and A3 with a negative outlook by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Moody&amp;#8217;s Investors Service, Inc. (&amp;#8220;Moody&amp;#8217;s&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;National seeks to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape may limit National&amp;#8217;s new business opportunities and its abilities to price and underwrite risk with attractive returns.&amp;#160;R&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;efer to &amp;#8220;Risks and Uncertainties&amp;#8221; below for a discussion of business risks related to National&amp;#8217;s insured portfolio.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; Corp. Risk Reductions&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8217;s primary focus is the collection of excess spread and put-back recoveries and the mitigation of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Corp.&amp;#8217;s insurance exposures, primarily through commutations of insurance policies. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. may make negotiated settlement payments to counterparties and/or forego its right to all or&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; some termination premiums when it commutes insurance exposures. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Held &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;For Sale Classifications&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Armonk, New York Facility&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In May of 2015, the Company sold its Armonk, New York facility. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;For&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the three months ended March 31, 2015, the Company recorded an impairment charge of $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million to adjust the carrying amount to the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sales price less costs to sell. The impairment charge was reflected in the results of the Company&amp;#8217;s U.S. public finance insurance segment and included in &amp;#8220;Other net realized gains (losses)&amp;#8221; on the C&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ompany&amp;#8217;s consolidated statements of operations.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Sale of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' &gt;Cutwater Business&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As a result of the agreement to sell Cutwater, the assets and liabilities of Cutwater were classified as held for sale as of December 31, 2014 and presented within &amp;#8220;Assets held for&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; sale&amp;#8221; and &amp;#8220;Liabilities held for sale&amp;#8221; on the Company&amp;#8217;s consolidated balance sheet and measured at the lower of its carrying value or fair value less cost to sell. The Company completed this sale effective &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;January 1, 2015, and recorded a gain of approximat&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ely $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;24&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million. This gain was reflected in the results of the Company&amp;#8217;s corporate segment and included in &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8220;Other net realized gains (losses)&amp;#8221; on the Company&amp;#8217;s consolidated statements of operations.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Assets and Liabilities Held for Sale by Major Category&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table summarizes the components of assets and liabilities held for sale as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:104.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:104.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments carried at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated variable interest entities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;     Total assets held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;802&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated variable interest entities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for loans purchased&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;     Total liabilities held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;772&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Risks and Uncertainties&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s financial statements include estimates and assumptions that affect the reported amount&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; to revise its estimates and assumptions or could cause actual results to differ from the Company&amp;#8217;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company&amp;#8217;s financial statements a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd business objectives in future periods.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;U.S. Public Finance Market Conditions&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;National&amp;#8217;s insured portfolio continued to perform satisfactorily against a backdrop of strengthening domestic economic activity. While this trend will generally benefit tax r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;evenues and fees charged for essential municipal services which secure National&amp;#8217;s insured bond portfolio, some state and local governments and territory obligors National insures remain under financial and budgetary stress. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;This could lead to an in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;crease in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of the Company&amp;#8217;s insured transactions. The Company monitors and analyzes these situations and other stressed credits closely, and the over&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;all extent and duration of this stress is uncertain.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; Corp. Recoveri&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;es and Insured Portfolio &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The amount and timing of projected collections from excess spread from second-lien residential mortgage-backed securities (&amp;#8220;RMBS&amp;#8221;) and the put-back recovera&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ble from Credit Suisse Securities (USA) LLC, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;DLJ&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Mortgage Capital, Inc., and Select Portfolio Servicing Inc. (collectively, &amp;#8220;Credit Suisse&amp;#8221;) and the potential of claims from &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8217;s remaining insured exposures are uncertain. Further, the remaining ins&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ured portfolio, aside from these exposures, could deteriorate and result in additional significant loss reserves and claim payments. Management&amp;#8217;s expected liquidity and capital forecasts for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp., which include expected put-back recoveries from Credi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t Suisse&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and excess spread recoveries, reflect adequate resources to pay claims when due. However, if &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. experiences higher than expected claim payments or is unable to terminate the remaining exposures that represent substantial risk to the Compan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. may ultimately have insufficient resources to continue to pay claims, which could cause the New York State Department of Financial Services (&amp;#8220;NYSDFS&amp;#8221;) to put &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Insurance Corporation, exclusive of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK, into a rehabilitation or liquidati&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on proceeding. Given the separation of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. as distinct legal entities, the absence of any material intercompany lending agreements or cross defaults between the entities, and the lack of reliance by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. for the rece&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ipt of dividends, the Company does &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;not believe that a rehabilitation or liquidation proceeding of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Insurance Corporation by NYSDFS would have any significant long-term liquidity impact on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. or result in a liquidation or similar proceeding of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MB&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;IA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; UK.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Such a proceeding could have material adverse consequences for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp., including the termination of insured credit default swaps (&amp;#8220;CDS&amp;#8221;) contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed by affiliates and insured by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp., the loss of control of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Insurance Corporation to a rehabilitator or liquidator, and unplanned costs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Refer to &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 5: Loss and Loss Adjustment Expense Reserves&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; for information about &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&amp;#8217;s loss reserves and recoveries. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Corporate Liquidit&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;y &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, the liquidity position, which comprises cash and liquid assets available for general liquidity purposes, of the Company&amp;#8217;s corporate segment was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;567&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;498&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million, r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;espectively. During the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;228&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million was released to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. under the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; group&amp;#8217;s tax sharing agreement (the &amp;#8220;Tax Escrow Account&amp;#8221;). While &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc.&amp;#8217;s liquidity position improved during the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;three months ended&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; due to the Tax Escrow Account release, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. continues to have liquidity risk. If invested asset performance deteriorates or the flow of dividends from subsidiaries is interrupted and/or access to the capital markets is impai&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;red, its liquidity position could be eroded over time. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Based on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc.&amp;#8217;s debt service requirements and expected operating expenses, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the Company expects that &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. will &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;have &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;sufficient cash to satisfy its debt obligations and its general corporate ne&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;eds over time&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;from distributions from its operating subsidiaries and payments under the Tax Escrow Account once the payments become unrestricted,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; however, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;there can be no assurance that such sources will generate sufficient cash. In addition, a failure by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Inc. to settle liabilities that are also insured by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. could result in claims on &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:NatureOfOperations>
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  <us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments id="ID_1477" contextRef="AS_OF_Mar31_2015_Entity_0000814585_dei_LegalEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1347000000</us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_1478" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedNonAgencyMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">10000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest id="ID_1479" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">4371000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_1480" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_ValuationTechniqueAxis_mbi_BETValuationModelMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="USD" decimals="-6">224000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <invest:DerivativeNotionalAmount id="ID_1481" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingBbbMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">0</invest:DerivativeNotionalAmount>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability id="ID_1482" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability>
  <us-gaap:AvailableForSaleSecuritiesPledgedAsCollateral id="ID_1483" contextRef="AS_OF_Dec31_2014_Entity_0000814585_dei_LegalEntityAxis_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" unitRef="USD" decimals="-6">408000000</us-gaap:AvailableForSaleSecuritiesPledgedAsCollateral>
  <us-gaap:PreferredStockSharesAuthorized id="ID_1484" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="shares" decimals="INF">10000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1485" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">387000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1486" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">11263000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock id="ID_1487" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:156.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:156.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Change in &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Change in &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Gains (Losses)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for the &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for the &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Period Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Period Included&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;for Assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;and &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities still &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities still &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;held as of &lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;(Losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;held as of &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Included&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:81.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;in Earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' &gt;Revenues:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Unrealized gains (losses) on&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;838&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Realized gains (losses) and other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   settlements on insured derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(369)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Net gains (losses) on financial instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Revenues of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:center;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;   Net gains (losses) on financial instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;     at fair value and foreign exchange&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:74.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:57.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:79.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:79.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue id="ID_1488" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_mbi_ResidentialMortgageBackedAgencyMember_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">205000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1489" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_NotRatedMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_AbsMbsCorporateObligationsMember" unitRef="USD" decimals="-6">104000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue id="ID_1490" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_mbi_BelowInvestmentGradeMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">3000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
  <mbi:PercentageOfInsuredCreditDerivativesValueUnderBetModel id="ID_1491" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis_mbi_BETValuationModelMember" unitRef="pure" decimals="2">0.93</mbi:PercentageOfInsuredCreditDerivativesValueUnderBetModel>
  <us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod id="ID_1492" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListLowMember">P6Y9M18D</us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod>
  <mbi:GrossReserveRecoveriesOnUnpaidLosses id="ID_1493" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember" unitRef="USD" decimals="-6">147000000</mbi:GrossReserveRecoveriesOnUnpaidLosses>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements id="ID_1494" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_CorporateObligationMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">1000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements>
  <mbi:InsuranceLossRecoverable id="ID_1495" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">4000000</mbi:InsuranceLossRecoverable>
  <us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis id="ID_1496" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember" unitRef="USD" decimals="-6">1420000000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis>
  <mbi:FairValueMeasurementRangePercentage id="ID_1497" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_UnobservableInputAxis_mbi_ImpactOfFinancialGuaranteeMember_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_mbi_VariableInterestEntityNotesMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="pure" decimals="4">0.35</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1498" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-6">3128000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:LiabilitiesFairValueDisclosureNonrecurring id="ID_1499" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" unitRef="USD" decimals="-6">6107000000</us-gaap:LiabilitiesFairValueDisclosureNonrecurring>
  <mbi:PercentageOfFairValueBelowBookValueMinimum id="ID_1500" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" unitRef="pure" decimals="2">0.15</mbi:PercentageOfFairValueBelowBookValueMinimum>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases id="ID_1501" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CollateralizedDebtObligationsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">5000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1502" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember" unitRef="USD" decimals="-6">-23000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue id="ID_1503" contextRef="AS_OF_Mar31_2015_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_us-gaap_ValuationTechniqueAxis_mbi_BETValuationModelMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="USD" decimals="-6">191000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1504" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_InvestmentTypeAxis_us-gaap_MunicipalBondsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-8">92500000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations id="ID_1505" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-256000000</us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest id="ID_1506" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListHighMember" unitRef="USD" decimals="-6">68000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest>
  <us-gaap:LongTermDebtFairValue id="ID_1507" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" unitRef="USD" decimals="-6">1172000000</us-gaap:LongTermDebtFairValue>
  <us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount id="ID_1508" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_us-gaap_FixedMaturitiesMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">2742000000</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount>
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  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal id="ID_1578" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClassifiedStatusAxis_mbi_ClassifiedMember_us-gaap_InvestmentTypeAxis_us-gaap_MunicipalBondsMember_us-gaap_StatementBusinessSegmentsAxis_mbi_USPublicFinanceInsuranceMember" unitRef="USD" decimals="-6">152000000</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredGross id="ID_1579" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_RemedialActionsForInsuredObligationsMember" unitRef="USD" decimals="-6">-2000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredGross>
  <mbi:InsuranceLossRecoverable id="ID_1580" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_InsuranceLossRecoverableMember" unitRef="USD" decimals="-6">527000000</mbi:InsuranceLossRecoverable>
  <us-gaap:NetIncomeLoss id="ID_1581" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ConsolidationItemsAxis_us-gaap_IntersegmentEliminationMember" unitRef="USD" decimals="-6">-1000000</us-gaap:NetIncomeLoss>
  <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet id="ID_1582" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_StatementBusinessSegmentsAxis_mbi_FirstLienResidentialMortgageBackedSecuritiesMember" unitRef="USD" decimals="-6">30000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
  <mbi:Eliminationoflossandlaereservesasresultofconsolidatingvie id="ID_1583" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_us-gaap_FinancialGuaranteeMember_mbi_ClassifiedStatusAxis_mbi_CdoPortfolioMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">233000000</mbi:Eliminationoflossandlaereservesasresultofconsolidatingvie>
  <mbi:Eliminationoflossandlaereservesasresultofconsolidatingvie id="ID_1584" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_us-gaap_FinancialGuaranteeMember_mbi_ClassifiedStatusAxis_mbi_CdoPortfolioMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" unitRef="USD" decimals="-6">225000000</mbi:Eliminationoflossandlaereservesasresultofconsolidatingvie>
  <mbi:AggregateCdoLossAndLaeReserves id="ID_1585" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_us-gaap_FinancialGuaranteeMember" unitRef="USD" decimals="-6">113000000</mbi:AggregateCdoLossAndLaeReserves>
  <mbi:AssetsAndLiabilitiesHeldForSaleTableTextBlock id="ID_1586" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:104.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:104.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Investments carried at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated variable interest entities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Cash&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;     Total assets held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;802&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Liabilities of consolidated variable interest entities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;431&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Payable for loans purchased&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;323&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' &gt;&lt;/td&gt;&lt;td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;     Total liabilities held for sale&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;772&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:AssetsAndLiabilitiesHeldForSaleTableTextBlock>
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  <us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock id="ID_1642" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 3: Recent Accounting Pronouncements&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Recently Adopted Accounting Standards &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Presentation of Financial Statements (Topic 205) and Property, P&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;lant, and Equipment (Topic 360)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; (ASU 2014-08)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In April of 2014, the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) issued Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) 2014-08, &amp;#8220;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)-Reporting Discontinued Operations and D&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;isclosures of Disposals of Components of an Entity.&amp;#8221; ASU 2014-08 changes the criteria for determining whether a disposal of a component or group of components of an entity qualifies for discontinued operations presentation and requires new disclosures. ASU&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; 2014-08 amends the definition of discontinued operation to a disposal of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity&amp;#8217;s operations and financial results. ASU 2014-08 was effective for interim&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and annual periods beginning January 1, 2015. The adoption of ASU 2014-08 did not affect the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Tra&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;nsfers and Servicing (Topic 860&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (AS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;U 2014-11)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In June of 2014, the FASB issued ASU 2014-11, &amp;#8220;Transfers and Servicing (Topic 860)-Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.&amp;#8221; The repurchase agreements and similar transactions guidance is amended by ASU 2014-1&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1 to change the accounting for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.) repurchase-to-maturity transactions to secured borrowing accounting and ii.) linked repurchase financing transactions to secured borrowing accounting. ASU 2014-11 amends disclosure requirements for transfers accounted for&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; as sales, and for repurchase transactions accounted for as secured borrowings. ASU 2014-11 was effective for interim and annual periods beginning January 1, 2015. The adoption of ASU 2014-11 did not affect the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;has not adopted any &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;other &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;new accounting pronouncements that had a material impact on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Recent &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt;Accounting Developments&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In May of 2014, the FAS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;B issued ASU 2014-09, &amp;#8220;Revenue from Contracts with Customers (Topic 606).&amp;#8221; ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; other accounting standards. ASU 2014-09 is effective for interim and annual periods beginning January 1, 2017, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Compensation-St&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;ock Compensation (Topic 718&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In June &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of 2014, the FASB issued ASU 2014-12, &amp;#8220;Compensation-Stock Compensation (Topic 718)-Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.&amp;#8221; ASU 2014-12 requires &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;that a performance target that affects vesting of share-based payment awards and that could be achieved after an employee&amp;#8217;s requisite service period be accounted for as a performance condition. ASU 2014-12 is effective for interim and annual periods beginn&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing January 1, 2016 with early adoption permitted, and is applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Consolidation (Topic 810)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;) &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In August of 2014, the FASB issued ASU 2014-13, &amp;#8220;Consolidation (Topic 810)-Measuring the Financial Assets and the Financial Liabil&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ities of a Consolidated Collateralized Financing Entity.&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ASU 2014-13 applies to a consolidated collateralized financing entity defined as a consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;variable interest entity (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIE&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; that holds financial assets and issues beneficial interests in those &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;financial assets that are classified as financial liabilities. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The Company&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; may elect to measure the financial assets and the financial liabilities of a consolidated collateralized financing entity using a measurement alternative provided in ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Th&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e measurement alternative requires both the financial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more observable of the fair value of the financial assets and the fair value of the fina&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ncial liabilities with the changes in fair value recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing consolidated collateralized financing entities. ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is effective for interim and annual per&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iods beginning January 1, 2016 with early adoption permitted. The adoption of ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Presentation of Financial Statements&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;Going Concern (Subtopic 205-40): Disclosure&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; of Uncertainties about an Entity&amp;#8217;s Ability to Continue as a Going Concern&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;(ASU 2014-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;15&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In August of 2014, the FASB issued ASU 2014-15, &amp;#8220;Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&amp;#8217;s Ab&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ility to Continue as a Going Concern.&amp;#8221; ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity&amp;#8217;s ability to continue as a going concern, and to provide certain disclosures when it is &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period end&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; December 31, 2016 and for annual periods and i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nterim periods thereafter with early adoption permitted. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The adoption of ASU 2014-15 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Consolidation (Topic 810) &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;Amendments to the Consolidation Analysis &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;(ASU 2015-02)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; February of 2015, the FASB issued ASU 2015-02, &amp;#8220;Consolidation (Topic 810)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;&amp;#8212;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Amendments to the Consolidation Analysis&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&amp;#8221; ASU 2015-02 amends the accounting guidance for consolidation of legal entities including &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. ASU 2015-02 eliminates the specialized cons&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;olidation model and guidance for limited partnerships, amends the conditions for evaluating whether a fee paid to a decision maker or a service provider represents a variable interest in a VIE, amends the related party guidance for the determination of the&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; primary beneficiary of a VIE, and requires certain investment funds designed as &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;VIEs&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, except money market funds, to apply the amended consolidation guidance. ASU 2015-02 is effective for interim and annual periods beginning January 1, 2016 with early adop&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tion permitted, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2015-02.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (ASU 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' &gt;5-03)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In April of 20&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;15, the FASB issued ASU 2015-03&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, &amp;#8220;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.&amp;#8221; ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o be reported in the balance sheet as a direct deduction from the face amount of the debt liability. ASU 2015-03 is e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ffective for interim and annual &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;periods beginning January 1, 2016 with early adoption permitted, and is applied on a retrospective basis.  &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;The adoption of ASU 2015-03 is not expected to materially impact the Company&amp;#8217;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
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  <us-gaap:MarketableSecuritiesTextBlock id="ID_1649" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Note 7: Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Investments, excluding those elected under the fair value option, include debt and equity securities classified as either &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;available-for-sale (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;AFS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; or HTM. Other AFS investments primarily comprised money market funds. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;w&lt;/font&gt;&lt;font 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New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;z&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;st&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, corresponding gross unrealized gains and losses and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ot&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ry&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nt&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; (&amp;#8220;OTTI&amp;#8221;) for AFS and HTM investments in the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;te&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;es&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;tf&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other-Than-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amortized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Temporary&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Impairments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;680&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;722&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,644&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,752&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;289&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;296&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,970&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(100)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,092&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;332&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,299&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,444&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;246&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,539&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:16.5pt;' &gt;&lt;td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gross&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Other-Than-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Amortized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Temporary&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Impairments&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;631&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;667&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,644&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,730&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;283&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,984&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(92)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,936&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(86)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,116&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;231&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;222&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,075&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,136&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Money market securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;422&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;422&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Perpetual debt and equity securities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,509&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;209&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,571&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,757&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:14.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:6pt;color:#000000;' &gt;(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ol&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;owin&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;abl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;en&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;di&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;io&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;on&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;AFS and HTM f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;x&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ed&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;-m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;securities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;at a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;z&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;st&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ai&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Con&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font 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Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;bo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ow&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;igh&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ob&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iga&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ion&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;AFS Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;HTM Securities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:108.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated VIEs&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Amortized &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Amortized &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due in one year or less&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;841&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after one year through five years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,420&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,449&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after five years through ten years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;905&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;943&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Due after ten years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,467&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,507&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Mortgage-backed and asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,574&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;1,559&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;6,299&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,742&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:9pt;color:#000000;' &gt;2,635&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Deposited and Pledged Securities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ai&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;alu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;depo&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;wi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;io&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;egu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;au&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ho&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ie&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;wa&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for both periods&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;se&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' 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&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nd December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pe&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;v&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;el&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;y&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Impaired Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following tables present the gross unrealized losses related to AFS and HTM&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; investments as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Less than 12 Months&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;12 Months or Longer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;73&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(102)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;359&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;814&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;542&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;818&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;542&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,360&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:7.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(182)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Less than 12 Months&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;12 Months or Longer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;AFS Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Fixed-maturity investments:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;U.S. Treasury and government agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;State and municipal bonds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;257&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;317&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Foreign governments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;468&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;251&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(91)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(92)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;387&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage-backed non-agency&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Commercial mortgage-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Collateralized debt obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(21)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other asset-backed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;113&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total fixed-maturity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;845&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,065&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Perpetual debt and equity securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total AFS investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;851&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,071&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(147)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' &gt;HTM Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Assets of consolidated VIEs:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total HTM investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(202)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Gross unrealized losses on AFS securities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;creased as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; compared with &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; primarily due to &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;decline in price related to a &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;orporate &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;obligation security that incurred liquidity concerns, downgrades in credit and other adverse financial conditions, partially offset by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;market price &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;appreciation&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;driven&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;lower &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;interest rates. Gross unrealized losses on HTM secu&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rities &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;de&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;creased as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; compared with &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; primarily due to market price &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ap&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;preciation caused by the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;narrowing&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of credit spreads.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;With the weighting applied on the fair value of each security relative to the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;total fair value, the weighted average contractual maturity of securities in an unrealized loss position as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; years&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, respectively&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. As of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;December 31, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, there were &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;71&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;143&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; securities, respectively, that were in an unrealized loss position for a continuous twelve-month period or longer, of which the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;fair&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; securities, respectively, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;were below book&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; value by more than &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;%.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month per&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;iod or longer where fair value was below book value by more than 5% as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:193.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:193.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;AFS Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:216pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:216pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;HTM Securities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Percentage of Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Number of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Number of&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; Below Book Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt; (in millions)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 5% to 15%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 15% to 25%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 25% to 50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;&amp;gt; 50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;239&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;575&lt;/font&gt;&lt;/td&gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table presents the fair value&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and gros&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s unrealized loss&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; by credit rating category of&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; ABS, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and corporate obligations&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; included in the Company&amp;#8217;s consolidated &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;AFS &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;investment portfolio as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;for which fair value was &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;less than amortized cost. The credit ratings are based on ratings from Moody&amp;#8217;s as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or an alternate ratings source, such as S&amp;amp;P, when a security is not rated by Moody&amp;#8217;s. For investments that are insured by various third-party guarante&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e insurers, the credit rating reflects the higher of the insurer&amp;#8217;s rating or the underlying bond&amp;#8217;s rating.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;text-align:left;border-color:Black;min-width:21pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Below&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' &gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;text-align:left;border-color:Black;min-width:24.75pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Aaa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Aa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Baa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:64.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Not Rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:25.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:25.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:21pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:29.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:29.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Asset Type&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:25.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:25.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:29.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:29.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;ABS &lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;MBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Corporate obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;174&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(100)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(103)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:21pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:21pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;574&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:16.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' &gt;&lt;/td&gt;&lt;td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:24.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:24.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;1,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' &gt;&lt;/td&gt;&lt;td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8pt;color:#000000;' &gt;(145)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;total ABS, MBS and corporate obligations reported in the preceding table include those which are guaranteed by financial guarantors. In addition, the following table presents informatio&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n on ABS&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBS &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;guaranteed by the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Company &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and third-party financial guarantors.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Insured Securities Rated Below&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:8.25pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Investment Grade without the&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average Credit Rating with the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Average Credit Rating without the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;(in millions)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' &gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:11.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Asset Type&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Effect of Guarantee&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;ABS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Baa&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Below Investment Grade&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Refer to the table in the &amp;#8220;Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors&amp;#8221; section within the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; section of this note for information on the insured securities included in the table above. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company concluded t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hat it does not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it w&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ould&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;flow projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other plan&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;that would require the sale of impaired securities. Impaired securities that the Company intends to sell before the expected recovery of such securities&amp;#8217; fair values have been written down to fair value.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Other-Than-Temporary Impairments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Evaluating AFS Securities for OTTI&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company has an ongoing review process for all securities in its investment portfolio, including a quarterly assessment of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. This evaluation includes both qualitative and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;quantitative considerations. In assessing whether a decline in value is related to a credit loss, the Company considers several factors, including but not limited to (i) the magnitude and duration of declines in fair value; (ii) the reasons for the decline&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s in fair value, such as general credit spread movements in each asset-backed sector, transaction-specific changes in credit spreads, credit rating downgrades, modeled defaults, and principal and interest payment priorities within each investment structure&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;; and (iii) any guarantees associated with a security such as those provided by financial guarantee insurance companies, including MBIA Corp. and National.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In calculating credit-related losses, the Company utilizes cash flow modeling based on the type of s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ecurity. The Company&amp;#8217;s cash flow analysis considers all sources of cash, including credit enhancement, that support the payment of amounts owed by an issuer of a security. This includes the consideration of cash expected to be provided by financial guarant&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ors, including MBIA Corp., resulting from an actual or potential insurance policy claim. In general, any change in the amount and/or timing of cash flows received or expected to be received, whether or not such cash flows are contractually defined, is refl&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ected in the Company&amp;#8217;s cash flow analysis for purposes of assessing an &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; loss on an impaired security.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Each quarter, an internal committee, comprising staff that is independent of the Company&amp;#8217;s evaluation process for determining &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;of securities, revi&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ews and approves the valuation of investments. Among other responsibilities, this committee ensures that the Company&amp;#8217;s process for identifying and calculating &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, including the use of models and assumptions, is reasonable and complies with the Company&amp;#8217;s &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;internal policy&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Determination of Credit Loss on ABS, MBS and Corporate Obligations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;ABS investments are eval&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;uated for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; using historical collateral performance, deal waterfall and structural protections, credit ratings, and forward looking projections of collateral performance based on business and economic conditions specific to each collateral type and risk&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. The underlying collateral is evaluated to identify any specific performance concerns, and stress scenarios are considered in forecasting ultimate returns of principal. Based on this evaluation, if a principal default is projected for a security, estimate&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d future cash flows are discounted at the security&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; interest rate used to recognize interest income on the security&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;For CDO investments, the Company utilizes the same tools as its RMBS investments discussed below, aggregating the bond level cash flows to&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the CDO investment level. &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;If the present value of cash flows is less than the Company&amp;#8217;s amortized cost for the security, the difference is recorded as an &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; loss.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;RMBS investments are evaluated for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; using &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;several &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;quantitative tools. Loan level data &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model utilizes macro inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, whic&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment. The &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;expected cash flows of the security are&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; then discounted at the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;interest rate used to recognize interest income of the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;security&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; to arrive at a pr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;esent value amount&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. If the present value of the cash flows is less than the Company&amp;#8217;s amortized cost for the investment, the difference is recorded as an &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; loss.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Corporate obligation investments are evaluated for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; using credit analysis techniques. T&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;he Company&amp;#8217;s analysis includes a detailed review of a number of quantitative and qualitative factors impacting the value of an individual security. These factors include the interest rate of the security (fixed or floating), the security&amp;#8217;s current market s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;pread, any collateral supporting the security, the security&amp;#8217;s position in the issuer&amp;#8217;s capital structure, and credit rating upgrades or downgrades. Additionally, these factors include an assessment of various issuer-related credit metrics including market &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity, management and a third-party quantitative default probability model. The Company&amp;#8217;s analysis is augmented by comparing market prices for similar securities of other&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; a principal default is projected, a recovery analysis is p&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;erformed using the above data. If the Company&amp;#8217;s estimated recovery value for the security is less than its amortized cost, the difference is recorded as an &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; loss. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The Company does not record &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;OTTI&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; related to credit concerns about issuers of securities insured by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; Corp. and National since investors in these securities, including &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;, are guaranteed payment of principal and interest when due by &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;MBIA&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;. Securities insured by the Company, whether or not owned by the Company, are evaluated for impairment as part of its &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;insurance surveillance process and, therefore, losses on securities insured by the Company are recorded in accordance with its loss reserving policy. Refer to &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 2: Significant Accounting Policies&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; in the Notes to Consolidated Financial Statements &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ncluded in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 3&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;1,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2014&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;information about the Company&amp;#8217;s loss reserving policy and &amp;#8220;&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;Note 5: Loss and Loss Adjustment Expense Reserves&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;&amp;#8221; for information about loss reserves.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;In considering cash expected to be provided from other third-party financial guarantors, the Company assesses the financial guarant&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;or&amp;#8217;s ability to make claim payments under a variety of scenarios that test the guarantor&amp;#8217;s ultimate claims paying ability. The weighted average outcome of these scenarios, combined with the cash flows provided by the insured security, are used to determine&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; the recoverability of the Company&amp;#8217;s amortized cost.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:9pt;line-height:12pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;The following table provides information about securities held by the Company as of &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March 31,&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; that were in an unrealized loss position and insured by a financial guarantor, along with the amou&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;nt of insurance loss reserves corresponding to the par amount owned by the Company:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Unrealized&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Insurance Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Reserve &lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Asset-backed:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;97&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Mortgage-backed:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' &gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;MBIA&lt;/font&gt;&lt;sup&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/sup&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15.75pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;_______________&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td 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style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(1) - Includes investments insured by MBIA Corp. and National.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' &gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;(2) - Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' 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style='font-family:Times New Roman;font-size:10pt;' &gt;AOCI, &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;an&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;t&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;h&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;rr&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;po&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;din&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;g c&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;hang&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;u&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ch &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;m&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;unts. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:119.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Beginning balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reductions for credit loss impairments previously recognized on securities sold during the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Reductions for increases in cash flows expected to be collected over the remaining life of the security&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Ending balance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:11pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' &gt;Sales of Available-for-Sale Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:11pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' &gt;Gross r&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;eali&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;z&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ga&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;i&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;n&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are recorded within &amp;#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&amp;#8221; on the Company&amp;#8217;s consolidated statements of operations. The proceeds and the &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;gross realized gains and losses from sales of fixed-maturity securities held as AFS for &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;the three months &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;ended &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;March &lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;31, 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; and 201&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:10pt;' &gt; are as follows: &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Three Months Ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Proceeds from sales &lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross realized gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:5.25pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' &gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' &gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Gross realized losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:MarketableSecuritiesTextBlock>
  <mbi:PercentageOfSecuritiesBookValueExceededMarketValue id="ID_1650" contextRef="AS_OF_Mar31_2015_Entity_0000814585" unitRef="pure" decimals="4">0.05</mbi:PercentageOfSecuritiesBookValueExceededMarketValue>
  <us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense id="ID_1651" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember" unitRef="USD" decimals="-6">506000000</us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense>
  <mbi:GrossReserveRecoveriesOnUnpaidLosses id="ID_1652" contextRef="AS_OF_Mar31_2015_Entity_0000814585_mbi_ClaimLiabilityAxis_mbi_LossAndLaeReservesMember" unitRef="USD" decimals="-6">110000000</mbi:GrossReserveRecoveriesOnUnpaidLosses>
  <us-gaap:NetIncomeLoss id="ID_1653" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="-6">69000000</us-gaap:NetIncomeLoss>
  <mbi:IncreaseDecreaseInInsuranceLossRecoverable id="ID_1654" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">-5000000</mbi:IncreaseDecreaseInInsuranceLossRecoverable>
  <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability id="ID_1655" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_CautionListMediumMember" unitRef="USD" decimals="-6">0</us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability>
  <us-gaap:PaymentsToAcquireAvailableForSaleSecurities id="ID_1656" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">478000000</us-gaap:PaymentsToAcquireAvailableForSaleSecurities>
  <mbi:NumberOfPolicies id="ID_1657" contextRef="AS_OF_Dec31_2014_Entity_0000814585_mbi_SurveillanceCategoriesAxis_mbi_ClassifiedListMember" unitRef="Policies" decimals="INF">175</mbi:NumberOfPolicies>
  <us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue id="ID_1658" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">851000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue>
  <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments id="ID_1659" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditRatingMoodysAxis_us-gaap_MoodysA1RatingMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">1000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
  <invest:DerivativeNotionalAmount id="ID_1660" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_CreditDerivativesByContractTypeAxis_mbi_InsuredSwapsMember_us-gaap_ExternalCreditRatingByGroupingAxis_mbi_CreditRatingAaMember_us-gaap_StatementBusinessSegmentsAxis_mbi_InsuranceOperationsMember" unitRef="USD" decimals="-6">115000000</invest:DerivativeNotionalAmount>
  <us-gaap:NetInvestmentIncome id="ID_1661" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="USD" decimals="-6">-3000000</us-gaap:NetInvestmentIncome>
  <mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors id="ID_1662" contextRef="AS_OF_Mar31_2015_Entity_0000814585_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CorporateDebtSecuritiesMember" unitRef="USD" decimals="-6">0</mbi:FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors>
  <mbi:TransfersIntoLevelThree id="ID_1663" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585" unitRef="USD" decimals="-6">160000000</mbi:TransfersIntoLevelThree>
  <mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities id="ID_1664" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" unitRef="USD" decimals="-6">0</mbi:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities>
  <mbi:FairValueDisclosureWeightedAverageInYears id="ID_1665" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_mbi_OtherDerivativeLiabilitiesMember_mbi_UnobservableInputAxis_mbi_WeightedAverageLifeMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="myYears" decimals="1">1.1</mbi:FairValueDisclosureWeightedAverageInYears>
  <mbi:FairValueMeasurementRangePercentage id="ID_1666" contextRef="AS_OF_Dec31_2014_Entity_0000814585_invest_InvestmentAxis_us-gaap_CommercialMortgageBackedSecuritiesMember_mbi_UnobservableInputAxis_mbi_RecoveryRatesMember_us-gaap_RangeAxis_us-gaap_WeightedAverageMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_mbi_CreditDerivativesMember" unitRef="pure" decimals="4">0.59</mbi:FairValueMeasurementRangePercentage>
  <us-gaap:CommonStockSharesAuthorized id="ID_1667" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="shares" decimals="INF">400000000</us-gaap:CommonStockSharesAuthorized>
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  <mbi:DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock id="ID_2072" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:143.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:143.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:135.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;As of December 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Contractual&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Contractual&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Fair&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.75pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;In millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Difference&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Principal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' &gt;Difference&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Loans receivable at fair value:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,478&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,320&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,554&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,377&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Residential mortgage loans (90 days or more past due)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;220&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;721&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Other loans (90 days or more past due)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Total loans receivable at fair value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,876&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;396&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,502&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,142&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;360&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Variable interest entity notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;4,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,653&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,347&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;3,584&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;2,479&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;1,105&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:6.75pt;' &gt;&lt;td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' &gt;&lt;/td&gt;&lt;td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;Medium-term notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;180&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' &gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' &gt;&lt;font style='font-family:Times New Roman;font-size:10pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</mbi:DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock>
  <us-gaap:LiabilitiesFairValueDisclosureRecurring id="ID_2073" contextRef="AS_OF_Dec31_2014_Entity_0000814585_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" unitRef="USD" decimals="-6">0</us-gaap:LiabilitiesFairValueDisclosureRecurring>
  <mbi:DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting id="ID_2074" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">456000000</mbi:DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting>
  <mbi:OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass id="ID_2075" contextRef="AS_OF_Dec31_2014_Entity_0000814585" unitRef="USD" decimals="-6">437000000</mbi:OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass>
  <mbi:NumberOfCreditSupportAnnexes id="ID_2076" contextRef="FROM_Jan01_2014_TO_Dec31_2014_Entity_0000814585" unitRef="pure" decimals="INF">1</mbi:NumberOfCreditSupportAnnexes>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2077" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CreditDefaultSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" unitRef="USD" decimals="-6">37000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2078" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember" unitRef="USD" decimals="-6">-30000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2079" contextRef="FROM_Jan01_2014_TO_Mar31_2014_Entity_0000814585_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_NondesignatedMember_us-gaap_IncomeStatementLocationAxis_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember" unitRef="USD" decimals="-6">-1000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <mbi:NumberOfVariableInterestEntitiesConsolidated id="ID_2080" contextRef="AS_OF_Mar31_2014_Entity_0000814585" unitRef="pure" decimals="INF">0</mbi:NumberOfVariableInterestEntitiesConsolidated>
  <us-gaap:VariableInterestEntityInitialConsolidationGainOrLoss id="ID_2081" contextRef="FROM_Jan01_2015_TO_Mar31_2015_Entity_0000814585" unitRef="USD" decimals="-6">0</us-gaap:VariableInterestEntityInitialConsolidationGainOrLoss>
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      <div>An issue represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.</div>
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      <div>Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_495" xlink:label="loc_ID_495_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_495_0" xlink:to="lbl_footnote_1"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="15" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1114_0" xlink:to="lbl_footnote_1"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="16" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1624_0" xlink:to="lbl_footnote_1"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_545_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
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      <div>Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</div>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_498_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_77_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1669" xlink:label="loc_ID_1669_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1669_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1099" xlink:label="loc_ID_1099_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1099_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_476_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1348_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_889_0" xlink:to="lbl_footnote_3"></link:footnoteArc>
    <link:footnote id="FN_3" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_3">
      <div>Primarily changes in amount and timing of payments.</div>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1179_0" xlink:to="lbl_footnote_4"></link:footnoteArc>
    <link:footnote id="FN_4" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_4">
      <div>Primarily changes in amount and timing of collections.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_508" xlink:label="loc_ID_508_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_508_0" xlink:to="lbl_footnote_4"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_722" xlink:label="loc_ID_722_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_722_0" xlink:to="lbl_footnote_4"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1365" xlink:label="loc_ID_1365_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1365_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:footnote id="FN_5" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_5">
      <div>Reported within "Other assets" on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_1415" xlink:label="loc_ID_1415_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1415_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_254" xlink:label="loc_ID_254_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_254_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_814" xlink:label="loc_ID_814_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_814_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_331" xlink:label="loc_ID_331_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_331_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_981" xlink:label="loc_ID_981_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_981_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_134" xlink:label="loc_ID_134_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_134_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1280" xlink:label="loc_ID_1280_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1280_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_568" xlink:label="loc_ID_568_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_568_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1321" xlink:label="loc_ID_1321_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1321_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_546" xlink:label="loc_ID_546_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_546_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_617" xlink:label="loc_ID_617_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="16" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_617_0" xlink:to="lbl_footnote_5"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_612" xlink:label="loc_ID_612_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_612_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:footnote id="FN_6" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_6">
      <div>Reported within "Other liabilities" on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_1283" xlink:label="loc_ID_1283_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1283_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_92" xlink:label="loc_ID_92_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_92_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1625" xlink:label="loc_ID_1625_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1625_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_265" xlink:label="loc_ID_265_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_265_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1301" xlink:label="loc_ID_1301_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1301_0" xlink:to="lbl_footnote_6"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1118" xlink:label="loc_ID_1118_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="151" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1118_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:footnote id="FN_7" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_7">
      <div>(1) - Transferred in and out at the end of the period.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_217" xlink:label="loc_ID_217_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="152" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_217_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_482" xlink:label="loc_ID_482_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="153" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_482_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_384" xlink:label="loc_ID_384_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="154" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_384_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_481" xlink:label="loc_ID_481_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="161" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_481_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1465" xlink:label="loc_ID_1465_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="165" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1465_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_153" xlink:label="loc_ID_153_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="167" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_153_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1028" xlink:label="loc_ID_1028_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="183" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1028_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1541" xlink:label="loc_ID_1541_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="186" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1541_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_517" xlink:label="loc_ID_517_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="191" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_517_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_155" xlink:label="loc_ID_155_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="196" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_155_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1293" xlink:label="loc_ID_1293_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="197" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1293_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1146" xlink:label="loc_ID_1146_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="208" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1146_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_527" xlink:label="loc_ID_527_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="217" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_527_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_637" xlink:label="loc_ID_637_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="218" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_637_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_990" xlink:label="loc_ID_990_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="219" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_990_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_418" xlink:label="loc_ID_418_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="220" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_418_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_453" xlink:label="loc_ID_453_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="221" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_453_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1412" xlink:label="loc_ID_1412_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="222" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1412_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_196" xlink:label="loc_ID_196_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="223" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_196_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_445" xlink:label="loc_ID_445_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="224" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_445_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_586" xlink:label="loc_ID_586_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="231" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_586_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_220" xlink:label="loc_ID_220_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="234" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_220_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1399" xlink:label="loc_ID_1399_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1399_0" xlink:to="lbl_footnote_8"></link:footnoteArc>
    <link:footnote id="FN_8" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_8">
      <div>Reported within "Net gains (losses) of financial instruments at fair value and foreign exchange" on MBIA's consolidated statements of operations.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_898" xlink:label="loc_ID_898_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_898_0" xlink:to="lbl_footnote_8"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1270" xlink:label="loc_ID_1270_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1270_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:footnote id="FN_10" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_9">
      <div>Includes investments insured by MBIA Corp. and National.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_939" xlink:label="loc_ID_939_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_939_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_735" xlink:label="loc_ID_735_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_735_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_618" xlink:label="loc_ID_618_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_618_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_497" xlink:label="loc_ID_497_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_497_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1020" xlink:label="loc_ID_1020_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1020_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_80" xlink:label="loc_ID_80_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_80_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_678" xlink:label="loc_ID_678_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_678_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1422" xlink:label="loc_ID_1422_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1422_0" xlink:to="lbl_footnote_9"></link:footnoteArc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_80_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:footnote id="FN_11" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_10">
      <div>Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</div>
    </link:footnote>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_678_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1422_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1201" xlink:label="loc_ID_1201_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1201_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_188" xlink:label="loc_ID_188_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_188_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1148" xlink:label="loc_ID_1148_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1148_0" xlink:to="lbl_footnote_10"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1272" xlink:label="loc_ID_1272_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1272_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:footnote id="FN_12" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_11">
      <div>In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company's embedded derivative instruments is determined by the location of the related host contract</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_914" xlink:label="loc_ID_914_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_914_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1343" xlink:label="loc_ID_1343_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1343_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_423" xlink:label="loc_ID_423_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_423_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1436" xlink:label="loc_ID_1436_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1436_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_503" xlink:label="loc_ID_503_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_503_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_987" xlink:label="loc_ID_987_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_987_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1011" xlink:label="loc_ID_1011_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1011_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_948" xlink:label="loc_ID_948_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_948_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1344" xlink:label="loc_ID_1344_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1344_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1235" xlink:label="loc_ID_1235_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1235_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_280" xlink:label="loc_ID_280_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="13" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_280_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_479" xlink:label="loc_ID_479_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_479_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1531" xlink:label="loc_ID_1531_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="15" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1531_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_895" xlink:label="loc_ID_895_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="21" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_895_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1437" xlink:label="loc_ID_1437_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="24" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1437_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_149" xlink:label="loc_ID_149_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="25" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_149_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_35" xlink:label="loc_ID_35_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="26" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_35_0" xlink:to="lbl_footnote_11"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1384" xlink:label="loc_ID_1384_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1384_0" xlink:to="lbl_footnote_12"></link:footnoteArc>
    <link:footnote id="FN_13" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_12">
      <div>Midpoint of cash flows are used for the weighted average.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_975" xlink:label="loc_ID_975_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_975_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:footnote id="FN_14" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_13">
      <div>Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_1261" xlink:label="loc_ID_1261_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1261_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_442" xlink:label="loc_ID_442_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_442_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1157" xlink:label="loc_ID_1157_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1157_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_963" xlink:label="loc_ID_963_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_963_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_171" xlink:label="loc_ID_171_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_171_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1326" xlink:label="loc_ID_1326_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="10" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1326_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_869" xlink:label="loc_ID_869_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="11" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_869_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1050" xlink:label="loc_ID_1050_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="12" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1050_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_579" xlink:label="loc_ID_579_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="13" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_579_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1104" xlink:label="loc_ID_1104_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1104_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1123" xlink:label="loc_ID_1123_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="15" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1123_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_992" xlink:label="loc_ID_992_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="17" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_992_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_143" xlink:label="loc_ID_143_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="18" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_143_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_39" xlink:label="loc_ID_39_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="19" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_39_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_973" xlink:label="loc_ID_973_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="20" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_973_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_891" xlink:label="loc_ID_891_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="22" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_891_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1030" xlink:label="loc_ID_1030_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="23" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1030_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1160" xlink:label="loc_ID_1160_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="24" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1160_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1678" xlink:label="loc_ID_1678_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="25" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1678_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1213" xlink:label="loc_ID_1213_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="26" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1213_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_221" xlink:label="loc_ID_221_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="28" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_221_0" xlink:to="lbl_footnote_13"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_299" xlink:label="loc_ID_299_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="246" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_299_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_687" xlink:label="loc_ID_687_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="261" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_687_0" xlink:to="lbl_footnote_7"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2060" xlink:label="loc_ID_2060_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2060_0" xlink:to="lbl_footnote_14"></link:footnoteArc>
    <link:footnote id="FN_15" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_14">
      <div>Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2061" xlink:label="loc_ID_2061_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2061_0" xlink:to="lbl_footnote_14"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2148" xlink:label="loc_ID_2148_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2148_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:footnote id="FN_16" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_15">
      <div>Reported within Investments on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2144" xlink:label="loc_ID_2144_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2144_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:footnote id="FN_17" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_16">
      <div>Reported within Premiums receivable on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2149" xlink:label="loc_ID_2149_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2149_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2150" xlink:label="loc_ID_2150_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2150_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
    <link:footnote id="FN_18" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_17">
      <div>Reported within Insurance loss recoverable on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2145" xlink:label="loc_ID_2145_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2145_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:footnote id="FN_19" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_18">
      <div>Reported within Unearned premium revenue on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2151" xlink:label="loc_ID_2151_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2151_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2152" xlink:label="loc_ID_2152_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2152_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:footnote id="FN_20" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_19">
      <div>Reported within Loss and loss adjustment expense reserves on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2153" xlink:label="loc_ID_2153_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2153_0" xlink:to="lbl_footnote_20"></link:footnoteArc>
    <link:footnote id="FN_21" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_20">
      <div>Reported within Derivative liabilities on MBIA's consolidated balance sheets.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2109" xlink:label="loc_ID_2109_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2109_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2113" xlink:label="loc_ID_2113_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2113_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2110" xlink:label="loc_ID_2110_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2110_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2114" xlink:label="loc_ID_2114_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2114_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2118" xlink:label="loc_ID_2118_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2118_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2121" xlink:label="loc_ID_2121_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2121_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2124" xlink:label="loc_ID_2124_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2124_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2115" xlink:label="loc_ID_2115_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2115_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2125" xlink:label="loc_ID_2125_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2125_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2126" xlink:label="loc_ID_2126_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2126_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2129" xlink:label="loc_ID_2129_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2129_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2131" xlink:label="loc_ID_2131_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2131_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2132" xlink:label="loc_ID_2132_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2132_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2134" xlink:label="loc_ID_2134_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2134_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2127" xlink:label="loc_ID_2127_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2127_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2130" xlink:label="loc_ID_2130_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2130_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2133" xlink:label="loc_ID_2133_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2133_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2128" xlink:label="loc_ID_2128_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2128_0" xlink:to="lbl_footnote_20"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2156" xlink:label="loc_ID_2156_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2156_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2160" xlink:label="loc_ID_2160_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2160_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2157" xlink:label="loc_ID_2157_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2157_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2161" xlink:label="loc_ID_2161_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2161_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2165" xlink:label="loc_ID_2165_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="10" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2165_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2168" xlink:label="loc_ID_2168_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="11" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2168_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2171" xlink:label="loc_ID_2171_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="12" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2171_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2162" xlink:label="loc_ID_2162_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2162_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2172" xlink:label="loc_ID_2172_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2172_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2173" xlink:label="loc_ID_2173_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2173_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2176" xlink:label="loc_ID_2176_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2176_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2178" xlink:label="loc_ID_2178_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="10" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2178_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2179" xlink:label="loc_ID_2179_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="11" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2179_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2181" xlink:label="loc_ID_2181_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="12" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2181_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2174" xlink:label="loc_ID_2174_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2174_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2177" xlink:label="loc_ID_2177_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2177_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2180" xlink:label="loc_ID_2180_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2180_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2175" xlink:label="loc_ID_2175_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2175_0" xlink:to="lbl_footnote_20"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2184" xlink:label="loc_ID_2184_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2184_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2196" xlink:label="loc_ID_2196_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2196_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2185" xlink:label="loc_ID_2185_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="13" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2185_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2192" xlink:label="loc_ID_2192_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2192_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2197" xlink:label="loc_ID_2197_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="15" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2197_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2186" xlink:label="loc_ID_2186_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2186_0" xlink:to="lbl_footnote_17"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2201_0" xlink:to="lbl_footnote_20"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1125" xlink:label="loc_ID_1125_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1125_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:footnote id="FN_9" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_21">
      <div>Reported within "Net gains (losses) of financial instruments at fair value and foreign exchange-VIE" on MBIA's consolidated statements of operations.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_225" xlink:label="loc_ID_225_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_225_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_259" xlink:label="loc_ID_259_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_259_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_466" xlink:label="loc_ID_466_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_466_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_141" xlink:label="loc_ID_141_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_141_0" xlink:to="lbl_footnote_8"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_172" xlink:label="loc_ID_172_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_172_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1172" xlink:label="loc_ID_1172_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1172_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2137" xlink:label="loc_ID_2137_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2137_0" xlink:to="lbl_footnote_15"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2138" xlink:label="loc_ID_2138_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="16" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2138_0" xlink:to="lbl_footnote_16"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2139" xlink:label="loc_ID_2139_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="16" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2139_0" xlink:to="lbl_footnote_18"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2140" xlink:label="loc_ID_2140_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="11" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2140_0" xlink:to="lbl_footnote_19"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2141" xlink:label="loc_ID_2141_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2141_0" xlink:to="lbl_footnote_20"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1822" xlink:label="loc_ID_1822_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1822_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:footnote id="FN_22" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_22">
      <div>Represents unrealized gains or losses on other than temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_1809" xlink:label="loc_ID_1809_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1809_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1810" xlink:label="loc_ID_1810_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1810_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1811" xlink:label="loc_ID_1811_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1811_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1812" xlink:label="loc_ID_1812_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1812_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1813" xlink:label="loc_ID_1813_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1813_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1814" xlink:label="loc_ID_1814_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="7" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1814_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1815" xlink:label="loc_ID_1815_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1815_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1816" xlink:label="loc_ID_1816_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1816_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1817" xlink:label="loc_ID_1817_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="10" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1817_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2220" xlink:label="loc_ID_2220_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="11" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2220_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2221" xlink:label="loc_ID_2221_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="12" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2221_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1832" xlink:label="loc_ID_1832_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="13" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1832_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1747" xlink:label="loc_ID_1747_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="14" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1747_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1734" xlink:label="loc_ID_1734_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="15" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1734_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1735" xlink:label="loc_ID_1735_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="16" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1735_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1736" xlink:label="loc_ID_1736_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="17" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1736_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1737" xlink:label="loc_ID_1737_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="18" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1737_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1738" xlink:label="loc_ID_1738_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="19" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1738_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1739" xlink:label="loc_ID_1739_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="20" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1739_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1740" xlink:label="loc_ID_1740_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="21" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1740_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1741" xlink:label="loc_ID_1741_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="22" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1741_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1742" xlink:label="loc_ID_1742_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="23" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1742_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1756" xlink:label="loc_ID_1756_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="24" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1756_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1757" xlink:label="loc_ID_1757_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="25" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1757_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1767" xlink:label="loc_ID_1767_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="26" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1767_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1827" xlink:label="loc_ID_1827_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="27" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1827_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1837" xlink:label="loc_ID_1837_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="28" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1837_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1762" xlink:label="loc_ID_1762_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="29" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1762_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_1772" xlink:label="loc_ID_1772_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="30" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1772_0" xlink:to="lbl_footnote_22"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2249" xlink:label="loc_ID_2249_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="8" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2249_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2250" xlink:label="loc_ID_2250_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="9" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2250_0" xlink:to="lbl_footnote_21"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2228" xlink:label="loc_ID_2228_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2228_0" xlink:to="lbl_footnote_23"></link:footnoteArc>
    <link:footnote id="FN_23" xml:lang="en" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="lbl_footnote_23">
      <div>Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</div>
    </link:footnote>
    <link:loc xlink:type="locator" xlink:href="#ID_2239" xlink:label="loc_ID_2239_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2239_0" xlink:to="lbl_footnote_23"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2240" xlink:label="loc_ID_2240_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2240_0" xlink:to="lbl_footnote_23"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2241" xlink:label="loc_ID_2241_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2241_0" xlink:to="lbl_footnote_23"></link:footnoteArc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2229_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
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      <div>Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_2231" xlink:label="loc_ID_2231_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="2" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2231_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2232" xlink:label="loc_ID_2232_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="3" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2232_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2233" xlink:label="loc_ID_2233_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2233_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2234" xlink:label="loc_ID_2234_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="5" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2234_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2238" xlink:label="loc_ID_2238_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2238_0" xlink:to="lbl_footnote_24"></link:footnoteArc>
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                <link:definition>401002 - Statement - Business Developments And Risks And Uncertainties (Assets And Liabilities Held For Sale) (Detail)</link:definition>
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>8
<FILENAME>mbi-20150331_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
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<!-- Prepared by IBM Cognos Disclosure Management XBRL Version: 10.2.3 Using Fujitsu -->
<!-- Validation status: Passed -->
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>10
<FILENAME>mbi-20150331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!-- Prepared by IBM Cognos Disclosure Management XBRL Version: 10.2.3 Using Fujitsu -->
<!-- Validation status: Passed -->
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        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_MI" xlink:label="element19" />
        <label xlink:type="resource" xlink:label="label19" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_MI_en-US">Michigan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element19" xlink:to="label19" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NJ" xlink:label="element20" />
        <label xlink:type="resource" xlink:label="label20" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_NJ_en-US">New Jersey [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element20" xlink:to="label20" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NY" xlink:label="element21" />
        <label xlink:type="resource" xlink:label="label21" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_NY_en-US">New York [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element21" xlink:to="label21" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_PA" xlink:label="element22" />
        <label xlink:type="resource" xlink:label="label22" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_PA_en-US">Pennsylvania [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element22" xlink:to="label22" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_TX" xlink:label="element23" />
        <label xlink:type="resource" xlink:label="label23" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_TX_en-US">Texas [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element23" xlink:to="label23" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_WA" xlink:label="element24" />
        <label xlink:type="resource" xlink:label="label24" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_WA_en-US">Washington [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element24" xlink:to="label24" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AsiaMember" xlink:label="element25" />
        <label xlink:type="resource" xlink:label="label25" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AsiaMember_en-US">Asia [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element25" xlink:to="label25" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="element26" />
        <label xlink:type="resource" xlink:label="label26" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AwardTypeAxis_en-US">Award Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element26" xlink:to="label26" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xlink:label="element27" />
        <label xlink:type="resource" xlink:label="label27" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1_en-US">AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element27" xlink:to="label27" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xlink:label="element28" />
        <label xlink:type="resource" xlink:label="label28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1_en-US">Number of available-for-sale securities in unrealized loss position</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element28" xlink:to="label28" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember" xlink:label="element29" />
        <label xlink:type="resource" xlink:label="label29" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableforsaleSecuritiesMember_en-US">AFS Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element29" xlink:to="label29" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="element30" />
        <label xlink:type="resource" xlink:label="label30" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountingPoliciesAbstract_en-US">Accounting Policies [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element30" xlink:to="label30" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="element31" />
        <label xlink:type="resource" xlink:label="label31" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_en-US">Accounts Notes Loans And Financing Receivable By Receivable Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element31" xlink:to="label31" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="element32" />
        <label xlink:type="resource" xlink:label="label32" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_en-US">Receivable Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element32" xlink:to="label32" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="element33" />
        <label xlink:type="resource" xlink:label="label33" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsNotesAndLoansReceivableLineItems_en-US">Accounts Notes And Loans Receivable [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element33" xlink:to="label33" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="element34" />
        <label xlink:type="resource" xlink:label="label34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccountsNotesAndLoansReceivableLineItems_en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element34" xlink:to="label34" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable" xlink:label="element35" />
        <label xlink:type="resource" xlink:label="label35" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccruedInvestmentIncomeReceivable_en-US">Accrued Investment Income Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element35" xlink:to="label35" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable" xlink:label="element36" />
        <label xlink:type="resource" xlink:label="label36" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccruedInvestmentIncomeReceivable_en-US">Accrued investment income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element36" xlink:to="label36" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element37" />
        <label xlink:type="resource" xlink:label="label37" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Accumulated Depreciation Depletion And Amortization Property Plant And Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element37" xlink:to="label37" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element38" />
        <label xlink:type="resource" xlink:label="label38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Property and equipment, accumulated depreciation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element38" xlink:to="label38" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element39" />
        <label xlink:type="resource" xlink:label="label39" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated Other Comprehensive Income Loss Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element39" xlink:to="label39" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element40" />
        <label xlink:type="resource" xlink:label="label40" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated other comprehensive income (loss), net of tax of $4 and $7</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element40" xlink:to="label40" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element41" />
        <label xlink:type="resource" xlink:label="label41" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Beginning balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element41" xlink:to="label41" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element42" />
        <label xlink:type="resource" xlink:label="label42" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Ending balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element42" xlink:to="label42" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element43" />
        <label xlink:type="resource" xlink:label="label43" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated other comprehensive income (loss), net of tax of $6 and $26</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element43" xlink:to="label43" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="element44" />
        <label xlink:type="resource" xlink:label="label44" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_en-US">Unrealized gains (losses) on AFS, net [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element44" xlink:to="label44" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="element45" />
        <label xlink:type="resource" xlink:label="label45" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember_en-US">Accumulated Other Comprehensive Income [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element45" xlink:to="label45" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="element46" />
        <label xlink:type="resource" xlink:label="label46" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccumulatedOtherComprehensiveIncomeMember_en-US">Accumulated Other Comprehensive Income (Loss) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element46" xlink:to="label46" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:label="element47" />
        <label xlink:type="resource" xlink:label="label47" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract_en-US">Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element47" xlink:to="label47" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedTranslationAdjustmentMember" xlink:label="element48" />
        <label xlink:type="resource" xlink:label="label48" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedTranslationAdjustmentMember_en-US">Foreign currency translation, net [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element48" xlink:to="label48" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element49" />
        <label xlink:type="resource" xlink:label="label49" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapital_en-US">Additional Paid In Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element49" xlink:to="label49" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element50" />
        <label xlink:type="resource" xlink:label="label50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdditionalPaidInCapital_en-US">Additional paid-in capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element50" xlink:to="label50" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="element51" />
        <label xlink:type="resource" xlink:label="label51" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapitalMember_en-US">Additional Paid In Capital [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element51" xlink:to="label51" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="element52" />
        <label xlink:type="resource" xlink:label="label52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdditionalPaidInCapitalMember_en-US">Additional Paid-In Capital [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element52" xlink:to="label52" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="element53" />
        <label xlink:type="resource" xlink:label="label53" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_en-US">Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element53" xlink:to="label53" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="element54" />
        <label xlink:type="resource" xlink:label="label54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_en-US">Total adjustments to net income (loss)</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="element55" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element56" />
        <label xlink:type="resource" xlink:label="label56" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US">Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element56" xlink:to="label56" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element57" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element57" xlink:to="label57" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="element58" />
        <label xlink:type="resource" xlink:label="label58" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_en-US">Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element58" xlink:to="label58" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="element59" />
        <label xlink:type="resource" xlink:label="label59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_en-US">Share-based compensation, net of tax of $9</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element59" xlink:to="label59" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="element60" />
        <label xlink:type="resource" xlink:label="label60" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllocatedShareBasedCompensationExpense_en-US">Share-based compensation expense (benefit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element60" xlink:to="label60" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="element61" />
        <label xlink:type="resource" xlink:label="label61" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_en-US">Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element61" xlink:to="label61" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="element62" />
        <label xlink:type="resource" xlink:label="label62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_en-US">Antidilutive stock options, restricted stock and warrants outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element62" xlink:to="label62" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="element63" />
        <label xlink:type="resource" xlink:label="label63" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetBackedSecuritiesMember_en-US">Asset-backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element63" xlink:to="label63" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsHeldForSaleMember" xlink:label="element64" />
        <label xlink:type="resource" xlink:label="label64" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsHeldForSaleMember_en-US">Assets Held For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element64" xlink:to="label64" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsHeldForSaleMember" xlink:label="element65" />
        <label xlink:type="resource" xlink:label="label65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetsHeldForSaleMember_en-US">Facilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element65" xlink:to="label65" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element66" />
        <label xlink:type="resource" xlink:label="label66" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Assets_en-US">Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element66" xlink:to="label66" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element67" />
        <label xlink:type="resource" xlink:label="label67" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Assets_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element67" xlink:to="label67" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element68" />
        <label xlink:type="resource" xlink:label="label68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_Assets_en-US">Carrying amounts of assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element68" xlink:to="label68" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element69" />
        <label xlink:type="resource" xlink:label="label69" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Assets_en-US">Identifiable assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element69" xlink:to="label69" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element70" />
        <label xlink:type="resource" xlink:label="label70" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsAbstract_en-US">Assets [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element70" xlink:to="label70" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element71" />
        <label xlink:type="resource" xlink:label="label71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetsAbstract_en-US">Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element71" xlink:to="label71" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureRecurring" xlink:label="element72" />
        <label xlink:type="resource" xlink:label="label72" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosureRecurring_en-US">Investments Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element72" xlink:to="label72" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureRecurring" xlink:label="element73" />
        <label xlink:type="resource" xlink:label="label73" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetsFairValueDisclosureRecurring_en-US">Fair value financial assets measured on recurring basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element73" xlink:to="label73" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="element74" />
        <label xlink:type="resource" xlink:label="label74" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosureNonrecurring_en-US">AssetsFairValueDisclosureNonrecurring</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element74" xlink:to="label74" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="element75" />
        <label xlink:type="resource" xlink:label="label75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetsFairValueDisclosureNonrecurring_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element75" xlink:to="label75" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="element76" />
        <label xlink:type="resource" xlink:label="label76" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AssetsFairValueDisclosureNonrecurring_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element76" xlink:to="label76" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" xlink:label="element77" />
        <label xlink:type="resource" xlink:label="label77" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_en-US">Assets held for sale</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element77" xlink:to="label77" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssumedPremiumsEarned" xlink:label="element78" />
        <label xlink:type="resource" xlink:label="label78" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssumedPremiumsEarned_en-US">Assumed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element78" xlink:to="label78" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssumedPremiumsWritten" xlink:label="element79" />
        <label xlink:type="resource" xlink:label="label79" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssumedPremiumsWritten_en-US">Assumed From Other Companies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element79" xlink:to="label79" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="element80" />
        <label xlink:type="resource" xlink:label="label80" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_en-US">Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element80" xlink:to="label80" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="element81" />
        <label xlink:type="resource" xlink:label="label81" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_en-US">Less than 12 months, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element81" xlink:to="label81" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:label="element82" />
        <label xlink:type="resource" xlink:label="label82" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_en-US">AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element82" xlink:to="label82" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:label="element83" />
        <label xlink:type="resource" xlink:label="label83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_en-US">Due in one year or less</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element83" xlink:to="label83" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="element84" />
        <label xlink:type="resource" xlink:label="label84" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_en-US">Available-For-Sale Securities And Held-To-Maturity Securities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element84" xlink:to="label84" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="element85" />
        <label xlink:type="resource" xlink:label="label85" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_en-US">AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element85" xlink:to="label85" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="element86" />
        <label xlink:type="resource" xlink:label="label86" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_en-US">Gross unrealized gains</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element86" xlink:to="label86" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="element87" />
        <label xlink:type="resource" xlink:label="label87" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_en-US">AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element87" xlink:to="label87" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="element88" />
        <label xlink:type="resource" xlink:label="label88" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_en-US">Total Available-For-Sale, amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element88" xlink:to="label88" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="element89" />
        <label xlink:type="resource" xlink:label="label89" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_en-US">AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element89" xlink:to="label89" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="element90" />
        <label xlink:type="resource" xlink:label="label90" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_en-US">12 months or longer, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element90" xlink:to="label90" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="element91" />
        <label xlink:type="resource" xlink:label="label91" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_en-US">AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element91" xlink:to="label91" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="element92" />
        <label xlink:type="resource" xlink:label="label92" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_en-US">Gross unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element92" xlink:to="label92" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="element93" />
        <label xlink:type="resource" xlink:label="label93" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_en-US">AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element93" xlink:to="label93" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="element94" />
        <label xlink:type="resource" xlink:label="label94" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_en-US">Less than 12 months, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element94" xlink:to="label94" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="element95" />
        <label xlink:type="resource" xlink:label="label95" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_en-US">AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element95" xlink:to="label95" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="element96" />
        <label xlink:type="resource" xlink:label="label96" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_en-US">Total available-for-sale, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element96" xlink:to="label96" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost" xlink:label="element97" />
        <label xlink:type="resource" xlink:label="label97" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_en-US">Available For Sale Securities Short Term Investments Amortized Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element97" xlink:to="label97" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost" xlink:label="element98" />
        <label xlink:type="resource" xlink:label="label98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_en-US">Short-term investments held as available-for-sale, amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element98" xlink:to="label98" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:label="element99" />
        <label xlink:type="resource" xlink:label="label99" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element99" xlink:to="label99" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:label="element100" />
        <label xlink:type="resource" xlink:label="label100" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_en-US">Due after one year through five years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element100" xlink:to="label100" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="element101" />
        <label xlink:type="resource" xlink:label="label101" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_en-US">Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element101" xlink:to="label101" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="element102" />
        <label xlink:type="resource" xlink:label="label102" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_en-US">12 months or longer, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element102" xlink:to="label102" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="element103" />
        <label xlink:type="resource" xlink:label="label103" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element103" xlink:to="label103" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="element104" />
        <label xlink:type="resource" xlink:label="label104" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_en-US">Due after five years through ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element104" xlink:to="label104" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="element105" />
        <label xlink:type="resource" xlink:label="label105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecurities_en-US">Available For Sale Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element105" xlink:to="label105" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="element106" />
        <label xlink:type="resource" xlink:label="label106" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecurities_en-US">OLD Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $3,999 and $4,347)Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $321 and $637)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element106" xlink:to="label106" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="element107" />
        <label xlink:type="resource" xlink:label="label107" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleSecurities_en-US">Total available-for-sale, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element107" xlink:to="label107" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="element108" />
        <label xlink:type="resource" xlink:label="label108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element108" xlink:to="label108" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="element109" />
        <label xlink:type="resource" xlink:label="label109" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_en-US">Due after one year through five years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element109" xlink:to="label109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral" xlink:label="element110" />
        <label xlink:type="resource" xlink:label="label110" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_en-US">Available For Sale Securities Pledged As Collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element110" xlink:to="label110" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral" xlink:label="element111" />
        <label xlink:type="resource" xlink:label="label111" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_en-US">Investments pledged as collateral, at fair value (amortized cost $217 and $441)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element111" xlink:to="label111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral" xlink:label="element112" />
        <label xlink:type="resource" xlink:label="label112" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_en-US">Investments pledged as collateral, at fair value (amortized cost $445 and $463)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element112" xlink:to="label112" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="element113" />
        <label xlink:type="resource" xlink:label="label113" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtSecurities_en-US">AvailableForSaleSecuritiesDebtSecurities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element113" xlink:to="label113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="element114" />
        <label xlink:type="resource" xlink:label="label114" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleSecuritiesDebtSecurities_en-US">Total Available-For-Sale, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element114" xlink:to="label114" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element115" />
        <label xlink:type="resource" xlink:label="label115" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Available For Sale Securities Continuous Unrealized Loss Position Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element115" xlink:to="label115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element116" />
        <label xlink:type="resource" xlink:label="label116" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xml:lang="en-US" id="positive_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Total Available-For-Sale, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element116" xlink:to="label116" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element117" />
        <label xlink:type="resource" xlink:label="label117" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element117" xlink:to="label117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element118" />
        <label xlink:type="resource" xlink:label="label118" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Total available-for-sale, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element118" xlink:to="label118" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element119" />
        <label xlink:type="resource" xlink:label="label119" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Total Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element119" xlink:to="label119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="element120" />
        <label xlink:type="resource" xlink:label="label120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_en-US">AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element120" xlink:to="label120" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="element121" />
        <label xlink:type="resource" xlink:label="label121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_en-US">Due in one year or less</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element121" xlink:to="label121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:label="element122" />
        <label xlink:type="resource" xlink:label="label122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element122" xlink:to="label122" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:label="element123" />
        <label xlink:type="resource" xlink:label="label123" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_en-US">Due after ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element123" xlink:to="label123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:label="element124" />
        <label xlink:type="resource" xlink:label="label124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:label="element125" />
        <label xlink:type="resource" xlink:label="label125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_en-US">Due after ten years</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="element126" />
        <label xlink:type="resource" xlink:label="label126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesCurrent_en-US">Available For Sale Securities Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element126" xlink:to="label126" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="element127" />
        <label xlink:type="resource" xlink:label="label127" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesCurrent_en-US">Short-term investments held as available-for-sale, at fair value (amortized cost $1,114 and $1,069)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element127" xlink:to="label127" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="element128" />
        <label xlink:type="resource" xlink:label="label128" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesCurrent_en-US">Short-term investments held as available-for-sale, at fair value (amortized cost $327 and $171)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element128" xlink:to="label128" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="element129" />
        <label xlink:type="resource" xlink:label="label129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_en-US">AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element129" xlink:to="label129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="element130" />
        <label xlink:type="resource" xlink:label="label130" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_en-US">Mortgage-Backed and Asset-Backed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element130" xlink:to="label130" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:label="element131" />
        <label xlink:type="resource" xlink:label="label131" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_en-US">AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element131" xlink:to="label131" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:label="element132" />
        <label xlink:type="resource" xlink:label="label132" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_en-US">Due after five years through ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element132" xlink:to="label132" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="element133" />
        <label xlink:type="resource" xlink:label="label133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAmortizedCost_en-US">Fixed-maturity securities held as available-for-sale, amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element133" xlink:to="label133" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="element134" />
        <label xlink:type="resource" xlink:label="label134" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesAmortizedCost_en-US">Amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element134" xlink:to="label134" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="element135" />
        <label xlink:type="resource" xlink:label="label135" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesAmortizedCost_en-US">OLD Short-term investments held as available-for-sale, amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element135" xlink:to="label135" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="element136" />
        <label xlink:type="resource" xlink:label="label136" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleSecuritiesAmortizedCost_en-US">Total Available-For-Sale, Amortized Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element136" xlink:to="label136" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:label="element137" />
        <label xlink:type="resource" xlink:label="label137" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_en-US">AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element137" xlink:to="label137" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:label="element138" />
        <label xlink:type="resource" xlink:label="label138" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_en-US">Mortgage-Backed and Asset-Backed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element138" xlink:to="label138" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="element139" />
        <label xlink:type="resource" xlink:label="label139" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAbstract_en-US">Available For Sale Securities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element139" xlink:to="label139" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="element140" />
        <label xlink:type="resource" xlink:label="label140" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_en-US">Available For Sale Securities Realized Gain Loss [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element140" xlink:to="label140" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds" xlink:label="element141" />
        <label xlink:type="resource" xlink:label="label141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds_en-US">Available For Sale Securities Gross Realized Gains Losses Sale Proceeds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element141" xlink:to="label141" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds" xlink:label="element142" />
        <label xlink:type="resource" xlink:label="label142" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds_en-US">Proceeds from sales</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element142" xlink:to="label142" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="element143" />
        <label xlink:type="resource" xlink:label="label143" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_en-US">Available For Sale Securities Gross Realized Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element143" xlink:to="label143" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="element144" />
        <label xlink:type="resource" xlink:label="label144" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_en-US">Gross realized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element144" xlink:to="label144" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="element145" />
        <label xlink:type="resource" xlink:label="label145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_en-US">Available For Sale Securities Gross Realized Gains</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element145" xlink:to="label145" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="element146" />
        <label xlink:type="resource" xlink:label="label146" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_en-US">Gross realized gains</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element146" xlink:to="label146" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element147" />
        <label xlink:type="resource" xlink:label="label147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Available For Sale Securities Non Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element147" xlink:to="label147" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element148" />
        <label xlink:type="resource" xlink:label="label148" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,155 and $5,036)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element148" xlink:to="label148" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element149" />
        <label xlink:type="resource" xlink:label="label149" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $671 and $703)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element149" xlink:to="label149" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="element150" />
        <label xlink:type="resource" xlink:label="label150" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BalanceSheetLocationAxis_en-US">Balance Sheet Location [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element150" xlink:to="label150" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="element151" />
        <label xlink:type="resource" xlink:label="label151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BalanceSheetLocationDomain_en-US">Balance Sheet Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element151" xlink:to="label151" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="element152" />
        <label xlink:type="resource" xlink:label="label152" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BalanceSheetLocationDomain_en-US">Balance Sheet Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element152" xlink:to="label152" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="element153" />
        <label xlink:type="resource" xlink:label="label153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_en-US">Basis of Presentation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element153" xlink:to="label153" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="element154" />
        <label xlink:type="resource" xlink:label="label154" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BenefitsLossesAndExpenses_en-US">Benefits Losses And Expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element154" xlink:to="label154" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="element155" />
        <label xlink:type="resource" xlink:label="label155" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BenefitsLossesAndExpenses_en-US">Total expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element155" xlink:to="label155" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="element156" />
        <label xlink:type="resource" xlink:label="label156" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_BenefitsLossesAndExpenses_en-US">Total expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element156" xlink:to="label156" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="element157" />
        <label xlink:type="resource" xlink:label="label157" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_en-US">Borrowings Under Guaranteed Investment Agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element157" xlink:to="label157" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="element158" />
        <label xlink:type="resource" xlink:label="label158" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_en-US">Investment agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element158" xlink:to="label158" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="element159" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element160" xlink:to="label160" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="element161" />
        <label xlink:type="resource" xlink:label="label161" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessAcquisitionLineItems_en-US">Business Acquisition [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element161" xlink:to="label161" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="element162" />
        <label xlink:type="resource" xlink:label="label162" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BusinessAcquisitionLineItems_en-US">Business Acquisition [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element162" xlink:to="label162" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="element163" />
        <label xlink:type="resource" xlink:label="label163" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CounterpartyNameAxis_en-US">Counterparty Name [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element163" xlink:to="label163" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xlink:label="element164" />
        <label xlink:type="resource" xlink:label="label164" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_en-US">CapitalizationOfDeferredPolicyAcquisitionCostsPolicy</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element164" xlink:to="label164" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xlink:label="element165" />
        <label xlink:type="resource" xlink:label="label165" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_en-US">Deferred Policy Acquisition Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element165" xlink:to="label165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="element166" />
        <label xlink:type="resource" xlink:label="label166" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CarryingReportedAmountFairValueDisclosureMember_en-US">Carrying Reported Amount Fair Value Disclosure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element166" xlink:to="label166" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="element167" />
        <label xlink:type="resource" xlink:label="label167" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CarryingReportedAmountFairValueDisclosureMember_en-US">Carrying Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element167" xlink:to="label167" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashIncludingDiscontinuedOperations" xlink:label="element168" />
        <label xlink:type="resource" xlink:label="label168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashIncludingDiscontinuedOperations_en-US">CashIncludingDiscontinuedOperations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element168" xlink:to="label168" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashIncludingDiscontinuedOperations" xlink:label="element169" />
        <label xlink:type="resource" xlink:label="label169" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CashIncludingDiscontinuedOperations_en-US">Reclassification to assets held for sale</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element169" xlink:to="label169" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="element170" />
        <label xlink:type="resource" xlink:label="label170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPolicyTextBlock_en-US">Cash, Cash Equivalents and Collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element170" xlink:to="label170" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Cash" xlink:label="element171" />
        <label xlink:type="resource" xlink:label="label171" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Cash_en-US">Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element171" xlink:to="label171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Cash" xlink:label="element172" />
        <label xlink:type="resource" xlink:label="label172" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_Cash_en-US">Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element172" xlink:to="label172" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element173" />
        <label xlink:type="resource" xlink:label="label173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Cash And Cash Equivalents Period Increase Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element173" xlink:to="label173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element174" />
        <label xlink:type="resource" xlink:label="label174" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase (decrease) in cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element174" xlink:to="label174" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element175" />
        <label xlink:type="resource" xlink:label="label175" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase (decrease) in cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element175" xlink:to="label175" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashMember" xlink:label="element176" />
        <label xlink:type="resource" xlink:label="label176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashMember_en-US">Cash [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element176" xlink:to="label176" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="element177" />
        <label xlink:type="resource" xlink:label="label177" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_en-US">Dividends from subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element177" xlink:to="label177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element178" />
        <label xlink:type="resource" xlink:label="label178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash And Cash Equivalents At Carrying Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element178" xlink:to="label178" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element179" />
        <label xlink:type="resource" xlink:label="label179" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents - end of period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element179" xlink:to="label179" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element180" />
        <label xlink:type="resource" xlink:label="label180" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents - beginning of period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element180" xlink:to="label180" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element181" />
        <label xlink:type="resource" xlink:label="label181" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element181" xlink:to="label181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="element182" />
        <label xlink:type="resource" xlink:label="label182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsMember_en-US">Cash And Cash Equivalents [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element182" xlink:to="label182" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="element183" />
        <label xlink:type="resource" xlink:label="label183" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CashAndCashEquivalentsMember_en-US">Cash and Cash Equivalents [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element183" xlink:to="label183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskAxis" xlink:label="element184" />
        <label xlink:type="resource" xlink:label="label184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CededCreditRiskAxis_en-US">Ceded Credit Risk [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element184" xlink:to="label184" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsWritten" xlink:label="element185" />
        <label xlink:type="resource" xlink:label="label185" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CededPremiumsWritten_en-US">Ceded to Others</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element185" xlink:to="label185" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="element186" />
        <label xlink:type="resource" xlink:label="label186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CededCreditRiskReinsurerDomain_en-US">Ceded Credit Risk, Reinsurer [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element186" xlink:to="label186" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="element187" />
        <label xlink:type="resource" xlink:label="label187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CededPremiumsEarned_en-US">Ceded Premiums Earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element187" xlink:to="label187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="element188" />
        <label xlink:type="resource" xlink:label="label188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CededPremiumsEarned_en-US">Ceded premiums earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element188" xlink:to="label188" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="element189" />
        <label xlink:type="resource" xlink:label="label189" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CededPremiumsEarned_en-US">Ceded premiums earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element189" xlink:to="label189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightOutstanding" xlink:label="element190" />
        <label xlink:type="resource" xlink:label="label190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfWarrantOrRightOutstanding_en-US">Warrants outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element190" xlink:to="label190" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="element191" />
        <label xlink:type="resource" xlink:label="label191" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_en-US">Class Of Warrant Or Right Exercise Price Of Warrants Or Rights</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element191" xlink:to="label191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="element192" />
        <label xlink:type="resource" xlink:label="label192" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_en-US">Warrant exercise price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element192" xlink:to="label192" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="element193" />
        <label xlink:type="resource" xlink:label="label193" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassificationOfVariableInterestEntityDomain_en-US">Classification Of Variable Interest Entity [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element193" xlink:to="label193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="element194" />
        <label xlink:type="resource" xlink:label="label194" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ClassificationOfVariableInterestEntityDomain_en-US">Variable Interest Entity, Classification [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element194" xlink:to="label194" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedLoanObligationsMember" xlink:label="element195" />
        <label xlink:type="resource" xlink:label="label195" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CollateralizedLoanObligationsMember_en-US">Collateral Loan Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element195" xlink:to="label195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="element196" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element196" xlink:to="label196" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element198" xlink:to="label198" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="element199" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element199" xlink:to="label199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="element200" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="element201" />
        <label xlink:type="resource" xlink:label="label201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies_en-US">Commitments And Contingencies</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="element204" />
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        <label xlink:type="resource" xlink:label="label205" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommodityIndexLinkedNotesMember_en-US">Credit Linked Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element205" xlink:to="label205" />
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        <label xlink:type="resource" xlink:label="label206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockParOrStatedValuePerShare_en-US">Common Stock Par Or Stated Value Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element206" xlink:to="label206" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="element207" />
        <label xlink:type="resource" xlink:label="label207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockParOrStatedValuePerShare_en-US">Common stock, par value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element207" xlink:to="label207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="element208" />
        <label xlink:type="resource" xlink:label="label208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockMember_en-US">Common Stock [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element208" xlink:to="label208" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="element209" />
        <label xlink:type="resource" xlink:label="label209" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockMember_en-US">Common Stock [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element209" xlink:to="label209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element210" />
        <label xlink:type="resource" xlink:label="label210" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockValue_en-US">Common Stock Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element210" xlink:to="label210" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element211" />
        <label xlink:type="resource" xlink:label="label211" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockValue_en-US">Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--281,670,699 and 281,352,782</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element211" xlink:to="label211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element212" />
        <label xlink:type="resource" xlink:label="label212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued_en-US">Common Stock Shares Issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element212" xlink:to="label212" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element213" />
        <label xlink:type="resource" xlink:label="label213" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockSharesIssued_en-US">Common stock, issued shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element213" xlink:to="label213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element214" />
        <label xlink:type="resource" xlink:label="label214" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CommonStockSharesIssued_en-US">Balance (in common stock shares) as of</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element214" xlink:to="label214" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element215" />
        <label xlink:type="resource" xlink:label="label215" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CommonStockSharesIssued_en-US">Balance (in common stock shares) as of</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element215" xlink:to="label215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="element216" />
        <label xlink:type="resource" xlink:label="label216" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesAuthorized_en-US">Common Stock Shares Authorized</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element216" xlink:to="label216" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="element217" />
        <label xlink:type="resource" xlink:label="label217" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockSharesAuthorized_en-US">Common stock, authorized shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element217" xlink:to="label217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockCapitalSharesReservedForFutureIssuance" xlink:label="element218" />
        <label xlink:type="resource" xlink:label="label218" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_en-US">Shareholder approved increase in common stock reserved and available for issuance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element218" xlink:to="label218" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element219" />
        <label xlink:type="resource" xlink:label="label219" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive Income Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element219" xlink:to="label219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element220" />
        <label xlink:type="resource" xlink:label="label220" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element220" xlink:to="label220" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element221" />
        <label xlink:type="resource" xlink:label="label221" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element221" xlink:to="label221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="element222" />
        <label xlink:type="resource" xlink:label="label222" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_en-US">Other comprehensive income (loss): [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element222" xlink:to="label222" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="element223" />
        <label xlink:type="resource" xlink:label="label223" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNoteTextBlock_en-US">Accumulated Other Comprehensive Income [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element223" xlink:to="label223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComputerEquipmentMember" xlink:label="element224" />
        <label xlink:type="resource" xlink:label="label224" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComputerEquipmentMember_en-US">Equipment And Software [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element224" xlink:to="label224" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:label="element225" />
        <label xlink:type="resource" xlink:label="label225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_en-US">Condensed Financial Information of Parent Company Only Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element225" xlink:to="label225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:label="element226" />
        <label xlink:type="resource" xlink:label="label226" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_en-US">Condensed Financial Information of Parent Company Only Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element226" xlink:to="label226" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="element227" />
        <label xlink:type="resource" xlink:label="label227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_en-US">Condensed Financial Information of Parent Company Only Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element227" xlink:to="label227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="element228" />
        <label xlink:type="resource" xlink:label="label228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_en-US">Consolidated Entity Excluding Variable Interest Entities VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element228" xlink:to="label228" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="element229" />
        <label xlink:type="resource" xlink:label="label229" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_en-US">Non Variable Interest Entity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element229" xlink:to="label229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="element230" />
        <label xlink:type="resource" xlink:label="label230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsDomain_en-US">Consolidation Items [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element230" xlink:to="label230" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="element231" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="element232" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element232" xlink:to="label232" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="element233" />
        <label xlink:type="resource" xlink:label="label233" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CorporateDebtSecuritiesMember_en-US">Corporate Obligations [Member]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="element234" />
        <label xlink:type="resource" xlink:label="label234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditDefaultSwapMember_en-US">Credit Default Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element234" xlink:to="label234" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="element235" />
        <label xlink:type="resource" xlink:label="label235" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CreditDefaultSwapMember_en-US">Insured Credit Default Swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element235" xlink:to="label235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="element236" />
        <label xlink:type="resource" xlink:label="label236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditFacilityAxis_en-US">Credit Facility [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element236" xlink:to="label236" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="element237" />
        <label xlink:type="resource" xlink:label="label237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditDerivativesContractTypeDomain_en-US">Credit Derivatives Contract Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element237" xlink:to="label237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="element238" />
        <label xlink:type="resource" xlink:label="label238" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CreditDerivativesContractTypeDomain_en-US">Credit Derivatives Contract Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element238" xlink:to="label238" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="element239" />
        <label xlink:type="resource" xlink:label="label239" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditDerivativesByContractTypeAxis_en-US">Credit Derivatives By Contract Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element239" xlink:to="label239" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="element240" />
        <label xlink:type="resource" xlink:label="label240" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CreditDerivativesByContractTypeAxis_en-US">Credit Derivatives Contract Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element240" xlink:to="label240" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRatingStandardPoorsAxis" xlink:label="element241" />
        <label xlink:type="resource" xlink:label="label241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditRatingStandardPoorsAxis_en-US">Credit Rating, Standard &amp; Poor's [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element241" xlink:to="label241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="element242" />
        <label xlink:type="resource" xlink:label="label242" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditFacilityDomain_en-US">Credit Facility [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element242" xlink:to="label242" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:label="element243" />
        <label xlink:type="resource" xlink:label="label243" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_en-US">Credit Risk Derivative Liabilities At Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element243" xlink:to="label243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:label="element244" />
        <label xlink:type="resource" xlink:label="label244" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_en-US">Total fair value of credit derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element244" xlink:to="label244" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRatingMoodysAxis" xlink:label="element245" />
        <label xlink:type="resource" xlink:label="label245" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditRatingMoodysAxis_en-US">Credit Rating Moodys [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element245" xlink:to="label245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="element246" />
        <label xlink:type="resource" xlink:label="label246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CurrencySwapMember_en-US">Currency Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element246" xlink:to="label246" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="element247" />
        <label xlink:type="resource" xlink:label="label247" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CurrencySwapMember_en-US">Currency Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element247" xlink:to="label247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="element248" />
        <label xlink:type="resource" xlink:label="label248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DesignatedAsHedgingInstrumentMember_en-US">Designated As Hedging Instrument [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element248" xlink:to="label248" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCallDateLatest" xlink:label="element249" />
        <label xlink:type="resource" xlink:label="label249" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCallDateLatest_en-US">Latest callable date before maturity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element249" xlink:to="label249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="element250" />
        <label xlink:type="resource" xlink:label="label250" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_en-US">Debt instrument, base reference rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element250" xlink:to="label250" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="element251" />
        <label xlink:type="resource" xlink:label="label251" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentRepurchaseAmount_en-US">DebtInstrumentRepurchaseAmount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element251" xlink:to="label251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="element252" />
        <label xlink:type="resource" xlink:label="label252" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentRepurchaseAmount_en-US">Repurchase of senior notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element252" xlink:to="label252" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="element253" />
        <label xlink:type="resource" xlink:label="label253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentLineItems_en-US">Debt Instrument [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element253" xlink:to="label253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="element254" />
        <label xlink:type="resource" xlink:label="label254" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTable_en-US">Schedule of Long-term Debt Instruments [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element254" xlink:to="label254" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="element255" />
        <label xlink:type="resource" xlink:label="label255" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_en-US">Debt instrument, basis spread on variable rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element255" xlink:to="label255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtMember" xlink:label="element256" />
        <label xlink:type="resource" xlink:label="label256" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtMember_en-US">Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element256" xlink:to="label256" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="element257" />
        <label xlink:type="resource" xlink:label="label257" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtDisclosureAbstract_en-US">Debt Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element257" xlink:to="label257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="element258" />
        <label xlink:type="resource" xlink:label="label258" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtDisclosureAbstract_en-US">Text Block [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element258" xlink:to="label258" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:label="element259" />
        <label xlink:type="resource" xlink:label="label259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentRepurchasedFaceAmount_en-US">Debt Instrument Repurchased Face Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element259" xlink:to="label259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:label="element260" />
        <label xlink:type="resource" xlink:label="label260" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentRepurchasedFaceAmount_en-US">Par value redeemed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element260" xlink:to="label260" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCallDateEarliest" xlink:label="element261" />
        <label xlink:type="resource" xlink:label="label261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCallDateEarliest_en-US">Initial Callable date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element261" xlink:to="label261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecurityAxis" xlink:label="element262" />
        <label xlink:type="resource" xlink:label="label262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtSecurityAxis_en-US">Debt Security [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element262" xlink:to="label262" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element263" />
        <label xlink:type="resource" xlink:label="label263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCarryingAmount_en-US">Long-term debt, gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element263" xlink:to="label263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element264" />
        <label xlink:type="resource" xlink:label="label264" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DebtInstrumentCarryingAmount_en-US">Total expected principal payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element264" xlink:to="label264" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element265" />
        <label xlink:type="resource" xlink:label="label265" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentCarryingAmount_en-US">Long-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element265" xlink:to="label265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="element266" />
        <label xlink:type="resource" xlink:label="label266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleConversionRatio1_en-US">DebtInstrumentConvertibleConversionRatio1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element266" xlink:to="label266" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="element267" />
        <label xlink:type="resource" xlink:label="label267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentConvertibleConversionRatio1_en-US">Debt Instrument Convertible Conversion Ratio</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element267" xlink:to="label267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="element268" />
        <label xlink:type="resource" xlink:label="label268" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtDisclosureTextBlock_en-US">Debt Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element268" xlink:to="label268" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="element269" />
        <label xlink:type="resource" xlink:label="label269" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtDisclosureTextBlock_en-US">Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element269" xlink:to="label269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="element270" />
        <label xlink:type="resource" xlink:label="label270" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentAxis_en-US">Debt Instrument [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element270" xlink:to="label270" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="element271" />
        <label xlink:type="resource" xlink:label="label271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtWeightedAverageInterestRate_en-US">Weighted average interest rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element271" xlink:to="label271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="element272" />
        <label xlink:type="resource" xlink:label="label272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentNameDomain_en-US">Debt Instrument Name [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element272" xlink:to="label272" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="element273" />
        <label xlink:type="resource" xlink:label="label273" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentUnamortizedDiscount_en-US">Less unamortized discount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element273" xlink:to="label273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element274" />
        <label xlink:type="resource" xlink:label="label274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US">Debt Instrument Interest Rate Stated Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element274" xlink:to="label274" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element275" />
        <label xlink:type="resource" xlink:label="label275" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US">MBIA debt coupon rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element275" xlink:to="label275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element276" />
        <label xlink:type="resource" xlink:label="label276" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US">Long-term debt, interest rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element276" xlink:to="label276" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="element277" />
        <label xlink:type="resource" xlink:label="label277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtPolicyTextBlock_en-US">Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element277" xlink:to="label277" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="element278" />
        <label xlink:type="resource" xlink:label="label278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateTerms_en-US">Dividend rate on preferred stock determined rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element278" xlink:to="label278" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="element279" />
        <label xlink:type="resource" xlink:label="label279" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateTerms_en-US">Interest rate terms</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element279" xlink:to="label279" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecuritiesPayableMember" xlink:label="element280" />
        <label xlink:type="resource" xlink:label="label280" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtSecuritiesPayableMember_en-US">Debt Securities Payable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element280" xlink:to="label280" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecuritiesPayableMember" xlink:label="element281" />
        <label xlink:type="resource" xlink:label="label281" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtSecuritiesPayableMember_en-US">Investments Payable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element281" xlink:to="label281" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="element282" />
        <label xlink:type="resource" xlink:label="label282" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentFairValue_en-US">Debt Instrument Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element282" xlink:to="label282" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="element283" />
        <label xlink:type="resource" xlink:label="label283" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentFairValue_en-US">Variable interest entity notes, financial instruments carried at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element283" xlink:to="label283" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="element284" />
        <label xlink:type="resource" xlink:label="label284" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentFairValue_en-US">Net fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element284" xlink:to="label284" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="element285" />
        <label xlink:type="resource" xlink:label="label285" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentMaturityDate_en-US">Long-term debt, maturity date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element285" xlink:to="label285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum" xlink:label="element286" />
        <label xlink:type="resource" xlink:label="label286" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum_en-US">Annual interest rates, maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element286" xlink:to="label286" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum" xlink:label="element287" />
        <label xlink:type="resource" xlink:label="label287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum_en-US">Annual interest rates, minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element287" xlink:to="label287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis" xlink:label="element288" />
        <label xlink:type="resource" xlink:label="label288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis_en-US">Type of Deferred Compensation [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element288" xlink:to="label288" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:label="element289" />
        <label xlink:type="resource" xlink:label="label289" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_en-US">Postretirement Benefits, Type of Deferred Compensation [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element289" xlink:to="label289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:label="element290" />
        <label xlink:type="resource" xlink:label="label290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_en-US">Deferred Policy Acquisition Cost Amortization Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element290" xlink:to="label290" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:label="element291" />
        <label xlink:type="resource" xlink:label="label291" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_en-US">Amortization of deferred acquisition costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element291" xlink:to="label291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCosts" xlink:label="element292" />
        <label xlink:type="resource" xlink:label="label292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredPolicyAcquisitionCosts_en-US">Deferred Policy Acquisition Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element292" xlink:to="label292" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCosts" xlink:label="element293" />
        <label xlink:type="resource" xlink:label="label293" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredPolicyAcquisitionCosts_en-US">Deferred acquisition costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element293" xlink:to="label293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="element294" />
        <label xlink:type="resource" xlink:label="label294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred Income Tax Expense Benefit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element294" xlink:to="label294" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="element295" />
        <label xlink:type="resource" xlink:label="label295" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred income tax provision (benefit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element295" xlink:to="label295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="element296" />
        <label xlink:type="resource" xlink:label="label296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredRevenueArrangementTypeDomain_en-US">Deferred Revenue Arrangement Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element296" xlink:to="label296" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="element297" />
        <label xlink:type="resource" xlink:label="label297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsLiabilitiesNet_en-US">Deferred Tax Assets Liabilities Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element297" xlink:to="label297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="element298" />
        <label xlink:type="resource" xlink:label="label298" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredTaxAssetsLiabilitiesNet_en-US">Net deferred tax asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element298" xlink:to="label298" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="element299" />
        <label xlink:type="resource" xlink:label="label299" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsLiabilitiesNet_en-US">Net deferred tax asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element299" xlink:to="label299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeAxis" xlink:label="element300" />
        <label xlink:type="resource" xlink:label="label300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredRevenueArrangementTypeAxis_en-US">Deferred Revenue Arrangement Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element300" xlink:to="label300" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="element301" />
        <label xlink:type="resource" xlink:label="label301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_en-US">Deferred Tax Assets Capital Loss Carryforwards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element301" xlink:to="label301" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="element302" />
        <label xlink:type="resource" xlink:label="label302" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_en-US">Capital loss carryforward</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element302" xlink:to="label302" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xlink:label="element303" />
        <label xlink:type="resource" xlink:label="label303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther_en-US">Deferred Tax Assets Tax Credit Carryforwards Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element303" xlink:to="label303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xlink:label="element304" />
        <label xlink:type="resource" xlink:label="label304" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther_en-US">Minimum tax credit carryforward</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element304" xlink:to="label304" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="element305" />
        <label xlink:type="resource" xlink:label="label305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNet_en-US">Deferred Tax Assets Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element305" xlink:to="label305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="element306" />
        <label xlink:type="resource" xlink:label="label306" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsNet_en-US">Deferred income taxes, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element306" xlink:to="label306" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="element307" />
        <label xlink:type="resource" xlink:label="label307" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxAssetsNet_en-US">Net deferred tax asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element307" xlink:to="label307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax" xlink:label="element308" />
        <label xlink:type="resource" xlink:label="label308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax_en-US">Alternative minimum tax credit carryforward</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element308" xlink:to="label308" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="element309" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="element310" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element310" xlink:to="label310" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="element311" />
        <label xlink:type="resource" xlink:label="label311" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilities_en-US">DeferredTaxLiabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element311" xlink:to="label311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="element312" />
        <label xlink:type="resource" xlink:label="label312" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxLiabilities_en-US">Gross deferred tax liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element312" xlink:to="label312" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="element313" />
        <label xlink:type="resource" xlink:label="label313" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxLiabilities_en-US">Non U.S. deferred tax liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element313" xlink:to="label313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:label="element314" />
        <label xlink:type="resource" xlink:label="label314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_en-US">Contribution percentage of eligible employees compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element314" xlink:to="label314" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch" xlink:label="element315" />
        <label xlink:type="resource" xlink:label="label315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_en-US">Contributions percentage of employer match</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element315" xlink:to="label315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="element316" />
        <label xlink:type="resource" xlink:label="label316" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanDisclosureLineItems_en-US">Defined Benefit Plan Disclosure [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element316" xlink:to="label316" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="element317" />
        <label xlink:type="resource" xlink:label="label317" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeCollateralRightToReclaimSecurities_en-US">DerivativeCollateralRightToReclaimSecurities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element317" xlink:to="label317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="element318" />
        <label xlink:type="resource" xlink:label="label318" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeCollateralRightToReclaimSecurities_en-US">Securities posted as collateral to derivative counterparties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element318" xlink:to="label318" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLowerRemainingMaturityRange1" xlink:label="element319" />
        <label xlink:type="resource" xlink:label="label319" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLowerRemainingMaturityRange1_en-US">Guarantees of derivative contracts, maturity range, minimum (Years)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element319" xlink:to="label319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="element320" />
        <label xlink:type="resource" xlink:label="label320" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeAssetsNoncurrent_en-US">DerivativeAssetsNoncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element320" xlink:to="label320" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="element321" />
        <label xlink:type="resource" xlink:label="label321" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeAssetsNoncurrent_en-US">Derivative assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element321" xlink:to="label321" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="element322" />
        <label xlink:type="resource" xlink:label="label322" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeCollateralRightToReclaimCash_en-US">Derivative Collateral Right To Reclaim Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element322" xlink:to="label322" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="element323" />
        <label xlink:type="resource" xlink:label="label323" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeCollateralRightToReclaimCash_en-US">Cash collateral posted to derivative counterparties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element323" xlink:to="label323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="element324" />
        <label xlink:type="resource" xlink:label="label324" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLineItems_en-US">Derivative [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element324" xlink:to="label324" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="element325" />
        <label xlink:type="resource" xlink:label="label325" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeLineItems_en-US">Derivative [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element325" xlink:to="label325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="element326" />
        <label xlink:type="resource" xlink:label="label326" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_en-US">Derivative Assets Liabilities At Fair Value Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element326" xlink:to="label326" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="element327" />
        <label xlink:type="resource" xlink:label="label327" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_en-US">Net insured derivative liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element327" xlink:to="label327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="element328" />
        <label xlink:type="resource" xlink:label="label328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentRiskAxis_en-US">Derivative Instrument Risk [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element328" xlink:to="label328" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="element329" />
        <label xlink:type="resource" xlink:label="label329" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeInstrumentRiskAxis_en-US">Derivative Instrument Risk [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element329" xlink:to="label329" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeHigherRemainingMaturityRange1" xlink:label="element330" />
        <label xlink:type="resource" xlink:label="label330" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeHigherRemainingMaturityRange1_en-US">Guarantees of derivative contracts, maturity range, maximum (Years)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element330" xlink:to="label330" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="element331" />
        <label xlink:type="resource" xlink:label="label331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeTable_en-US">Derivative [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element331" xlink:to="label331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="element332" />
        <label xlink:type="resource" xlink:label="label332" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeTable_en-US">Derivative [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element332" xlink:to="label332" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="element333" />
        <label xlink:type="resource" xlink:label="label333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLiabilities_en-US">Derivative Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element333" xlink:to="label333" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="element334" />
        <label xlink:type="resource" xlink:label="label334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeLiabilities_en-US">Derivative liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element334" xlink:to="label334" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="element335" />
        <label xlink:type="resource" xlink:label="label335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_en-US">Derivative Instruments And Hedging Activities Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element335" xlink:to="label335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="element336" />
        <label xlink:type="resource" xlink:label="label336" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_en-US">Derivative Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element336" xlink:to="label336" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="element337" />
        <label xlink:type="resource" xlink:label="label337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeFairValueOfDerivativeLiability_en-US">Derivative Fair Value Of Derivative Liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element337" xlink:to="label337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="element338" />
        <label xlink:type="resource" xlink:label="label338" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeFairValueOfDerivativeLiability_en-US">Total derivative liability before counter party netting and embedded reclass</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element338" xlink:to="label338" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="element339" />
        <label xlink:type="resource" xlink:label="label339" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_DerivativeFairValueOfDerivativeLiability_en-US">Derivative liabilities, Total derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element339" xlink:to="label339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="element340" />
        <label xlink:type="resource" xlink:label="label340" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeFairValueOfDerivativeLiability_en-US">Total derivative liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element340" xlink:to="label340" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="element341" />
        <label xlink:type="resource" xlink:label="label341" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeGainLossOnDerivativeNet_en-US">DerivativeGainLossOnDerivativeNet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element341" xlink:to="label341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="element342" />
        <label xlink:type="resource" xlink:label="label342" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeGainLossOnDerivativeNet_en-US">Net gain/(loss) recognized in income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element342" xlink:to="label342" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="element343" />
        <label xlink:type="resource" xlink:label="label343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeFairValueOfDerivativeAsset_en-US">Derivative Fair Value Of Derivative Asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element343" xlink:to="label343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="element344" />
        <label xlink:type="resource" xlink:label="label344" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DerivativeFairValueOfDerivativeAsset_en-US">Derivative assets, Total derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element344" xlink:to="label344" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="element345" />
        <label xlink:type="resource" xlink:label="label345" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeFairValueOfDerivativeAsset_en-US">Embedded derivative assets</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="element351" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted" xlink:label="element353" />
        <label xlink:type="resource" xlink:label="label353" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted_en-US">New Accounting Pronouncements Not Yet Adopted</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DirectPremiumsWritten" xlink:label="element354" />
        <label xlink:type="resource" xlink:label="label354" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DirectPremiumsWritten_en-US">Direct Amount</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DirectPremiumsEarned" xlink:label="element355" />
        <label xlink:type="resource" xlink:label="label355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DirectPremiumsEarned_en-US">Direct</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element355" xlink:to="label355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="element356" />
        <label xlink:type="resource" xlink:label="label356" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_en-US">Long-Term Incentive Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element356" xlink:to="label356" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="element357" />
        <label xlink:type="resource" xlink:label="label357" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_en-US">Long-Term Incentive Plans [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element357" xlink:to="label357" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="element358" />
        <label xlink:type="resource" xlink:label="label358" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisclosureOfCreditDerivativesTextBlock_en-US">Disclosure Of Credit Derivatives [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element358" xlink:to="label358" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="element359" />
        <label xlink:type="resource" xlink:label="label359" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DisclosureOfCreditDerivativesTextBlock_en-US">Credit Derivatives Sold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element359" xlink:to="label359" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscussionOfFairValueHedgeEffectivenessAssessmentAndMeasurement" xlink:label="element360" />
        <label xlink:type="resource" xlink:label="label360" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DiscussionOfFairValueHedgeEffectivenessAssessmentAndMeasurement_en-US">Fair Value Hedge Effectiveness Assessment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element360" xlink:to="label360" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalDate1" xlink:label="element361" />
        <label xlink:type="resource" xlink:label="label361" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalDate1_en-US">DisposalDate1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element361" xlink:to="label361" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalDate1" xlink:label="element362" />
        <label xlink:type="resource" xlink:label="label362" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DisposalDate1_en-US">Cutwater sale effective date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element362" xlink:to="label362" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingAxis" xlink:label="element363" />
        <label xlink:type="resource" xlink:label="label363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExternalCreditRatingByGroupingAxis_en-US">External Credit Rating By Grouping [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element363" xlink:to="label363" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="element364" />
        <label xlink:type="resource" xlink:label="label364" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExternalCreditRatingByGroupingDomain_en-US">Externa Credit Rating By Grouping [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element364" xlink:to="label364" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="element365" />
        <label xlink:type="resource" xlink:label="label365" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareBasicAbstract_en-US">Basic earnings per share: [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element365" xlink:to="label365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="element366" />
        <label xlink:type="resource" xlink:label="label366" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareDilutedAbstract_en-US">Diluted earnings per share: [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element366" xlink:to="label366" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="element367" />
        <label xlink:type="resource" xlink:label="label367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareTextBlock_en-US">Earnings Per Share [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element367" xlink:to="label367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="element368" />
        <label xlink:type="resource" xlink:label="label368" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EarningsPerShareTextBlock_en-US">Earnings Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element368" xlink:to="label368" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element369" />
        <label xlink:type="resource" xlink:label="label369" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareBasic_en-US">Earnings Per Share Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element369" xlink:to="label369" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element370" />
        <label xlink:type="resource" xlink:label="label370" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EarningsPerShareBasic_en-US">Net income (loss) per basic common share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element370" xlink:to="label370" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element371" />
        <label xlink:type="resource" xlink:label="label371" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareDiluted_en-US">Earnings Per Share Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element371" xlink:to="label371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element372" />
        <label xlink:type="resource" xlink:label="label372" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EarningsPerShareDiluted_en-US">Net income (loss) per diluted common share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element372" xlink:to="label372" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="element373" />
        <label xlink:type="resource" xlink:label="label373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareAbstract_en-US">Earnings Per Share [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element373" xlink:to="label373" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="element374" />
        <label xlink:type="resource" xlink:label="label374" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EarningsPerShareAbstract_en-US">Net income (loss) per common share:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element374" xlink:to="label374" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" xlink:label="element375" />
        <label xlink:type="resource" xlink:label="label375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_en-US">EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element375" xlink:to="label375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" xlink:label="element376" />
        <label xlink:type="resource" xlink:label="label376" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_en-US">Effect of exchange rate changes on cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element376" xlink:to="label376" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="element377" />
        <label xlink:type="resource" xlink:label="label377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectiveIncomeTaxRateContinuingOperations_en-US">Effective tax rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element377" xlink:to="label377" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="element378" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element378" xlink:to="label378" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="element379" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:label="element380" />
        <label xlink:type="resource" xlink:label="label380" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_en-US">State income tax, net of federal benefit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element380" xlink:to="label380" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:label="element381" />
        <label xlink:type="resource" xlink:label="label381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_en-US">Other</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="element382" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome" xlink:label="element390" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:label="element392" />
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        <label xlink:type="resource" xlink:label="label393" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_en-US">Unrecognized compensation cost</label>
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        <label xlink:type="resource" xlink:label="label396" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityComponentDomain_en-US">Equity Component [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element396" xlink:to="label396" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="element397" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element397" xlink:to="label397" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="element398" />
        <label xlink:type="resource" xlink:label="label398" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquitySecuritiesMember_en-US">Equity Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element398" xlink:to="label398" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="element399" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element399" xlink:to="label399" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element400" />
        <label xlink:type="resource" xlink:label="label400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EstimatedInsuranceRecoveries_en-US">Estimated Insurance Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element400" xlink:to="label400" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element401" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element402" />
        <label xlink:type="resource" xlink:label="label402" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_EstimatedInsuranceRecoveries_en-US">Total Estimated Recoveries from Ineligible Loans Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element402" xlink:to="label402" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element403" />
        <label xlink:type="resource" xlink:label="label403" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EstimatedInsuranceRecoveries_en-US">Insurance claim loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element403" xlink:to="label403" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element404" />
        <label xlink:type="resource" xlink:label="label404" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_EstimatedInsuranceRecoveries_en-US">Insurance claim loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element404" xlink:to="label404" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="element405" />
        <label xlink:type="resource" xlink:label="label405" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EstimatedInsuranceRecoveries_en-US">Total excess spread recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element405" xlink:to="label405" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtTypeDomain" xlink:label="element406" />
        <label xlink:type="resource" xlink:label="label406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExtinguishmentOfDebtTypeDomain_en-US">Extinguishment Of Debt Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element406" xlink:to="label406" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAxis" xlink:label="element407" />
        <label xlink:type="resource" xlink:label="label407" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExtinguishmentOfDebtAxis_en-US">Extinguishment Of Debt [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element407" xlink:to="label407" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="element408" />
        <label xlink:type="resource" xlink:label="label408" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExtinguishmentOfDebtAmount_en-US">Extinguishment Of Debt Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element408" xlink:to="label408" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="element409" />
        <label xlink:type="resource" xlink:label="label409" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ExtinguishmentOfDebtAmount_en-US">Retired medium-term notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element409" xlink:to="label409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtLineItems" xlink:label="element410" />
        <label xlink:type="resource" xlink:label="label410" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExtinguishmentOfDebtLineItems_en-US">Extinguishment Of Debt [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element410" xlink:to="label410" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element411" />
        <label xlink:type="resource" xlink:label="label411" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element411" xlink:to="label411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element412" />
        <label xlink:type="resource" xlink:label="label412" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Unrealized gains/(losses included in earnings, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element412" xlink:to="label412" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="element413" />
        <label xlink:type="resource" xlink:label="label413" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_en-US">FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="element414" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="element415" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="element416" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element419" />
        <label xlink:type="resource" xlink:label="label419" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element419" xlink:to="label419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element420" />
        <label xlink:type="resource" xlink:label="label420" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Unrealized gains/(losses) included in earnings, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element420" xlink:to="label420" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element421" />
        <label xlink:type="resource" xlink:label="label421" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Realized Gains / (Losses), Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element421" xlink:to="label421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings" xlink:label="element422" />
        <label xlink:type="resource" xlink:label="label422" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings_en-US">FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element422" xlink:to="label422" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings" xlink:label="element423" />
        <label xlink:type="resource" xlink:label="label423" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings_en-US">Total revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element423" xlink:to="label423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:label="element424" />
        <label xlink:type="resource" xlink:label="label424" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element424" xlink:to="label424" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:label="element425" />
        <label xlink:type="resource" xlink:label="label425" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_en-US">Transfers out of Level 3, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element425" xlink:to="label425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="element426" />
        <label xlink:type="resource" xlink:label="label426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element426" xlink:to="label426" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="element427" />
        <label xlink:type="resource" xlink:label="label427" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_en-US">Transfers into level 3, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element427" xlink:to="label427" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="element428" />
        <label xlink:type="resource" xlink:label="label428" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element428" xlink:to="label428" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="element429" />
        <label xlink:type="resource" xlink:label="label429" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_en-US">Settlements, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element429" xlink:to="label429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="element430" />
        <label xlink:type="resource" xlink:label="label430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element430" xlink:to="label430" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="element431" />
        <label xlink:type="resource" xlink:label="label431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_en-US">Issuances, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element431" xlink:to="label431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="element432" />
        <label xlink:type="resource" xlink:label="label432" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element432" xlink:to="label432" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="element433" />
        <label xlink:type="resource" xlink:label="label433" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_en-US">Transfers out of level 3, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element433" xlink:to="label433" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="element434" />
        <label xlink:type="resource" xlink:label="label434" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element434" xlink:to="label434" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="element435" />
        <label xlink:type="resource" xlink:label="label435" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_en-US">Settlements, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element435" xlink:to="label435" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="element436" />
        <label xlink:type="resource" xlink:label="label436" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_en-US">Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation By Liability Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element436" xlink:to="label436" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="element437" />
        <label xlink:type="resource" xlink:label="label437" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_en-US">Fair Value by Liability Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element437" xlink:to="label437" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:label="element438" />
        <label xlink:type="resource" xlink:label="label438" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_en-US">Fair Value Measurements - Definition and Hierarchy</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element438" xlink:to="label438" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="element439" />
        <label xlink:type="resource" xlink:label="label439" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element439" xlink:to="label439" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="element440" />
        <label xlink:type="resource" xlink:label="label440" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_en-US">Sales, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element440" xlink:to="label440" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="element441" />
        <label xlink:type="resource" xlink:label="label441" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByFairValueHierarchyLevelAxis_en-US">Fair Value By Fair Value Hierarchy Level [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element441" xlink:to="label441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="element442" />
        <label xlink:type="resource" xlink:label="label442" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueByFairValueHierarchyLevelAxis_en-US">Fair Value, Hierarchy [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element442" xlink:to="label442" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="element443" />
        <label xlink:type="resource" xlink:label="label443" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element443" xlink:to="label443" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="element444" />
        <label xlink:type="resource" xlink:label="label444" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_en-US">Fair Value Measurements, Recurring and Nonrecurring [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element444" xlink:to="label444" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAdjustmentOfWarrants" xlink:label="element445" />
        <label xlink:type="resource" xlink:label="label445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAdjustmentOfWarrants_en-US">Less: mark-to-market gain (loss) on warrants</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element445" xlink:to="label445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:label="element446" />
        <label xlink:type="resource" xlink:label="label446" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element446" xlink:to="label446" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:label="element447" />
        <label xlink:type="resource" xlink:label="label447" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_en-US">Transfers into Level 3, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element447" xlink:to="label447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="element448" />
        <label xlink:type="resource" xlink:label="label448" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element448" xlink:to="label448" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="element449" />
        <label xlink:type="resource" xlink:label="label449" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_en-US">Purchases, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element449" xlink:to="label449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xlink:label="element450" />
        <label xlink:type="resource" xlink:label="label450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference_en-US">Fair Value Option Loans Held As Assets 90 Days Or More Past Due Aggregate Difference</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element450" xlink:to="label450" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xlink:label="element451" />
        <label xlink:type="resource" xlink:label="label451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference_en-US">Loans receivable, 90 days or more past due, difference</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element451" xlink:to="label451" />
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        <label xlink:type="resource" xlink:label="label452" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings 1</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="element453" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="element455" />
        <label xlink:type="resource" xlink:label="label455" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="element456" />
        <label xlink:type="resource" xlink:label="label456" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element456" xlink:to="label456" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="element457" />
        <label xlink:type="resource" xlink:label="label457" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element457" xlink:to="label457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="element458" />
        <label xlink:type="resource" xlink:label="label458" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_en-US">Issuances, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element458" xlink:to="label458" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element459" />
        <label xlink:type="resource" xlink:label="label459" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element459" xlink:to="label459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element460" />
        <label xlink:type="resource" xlink:label="label460" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Ending balance, fair value liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element460" xlink:to="label460" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element461" />
        <label xlink:type="resource" xlink:label="label461" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Beginning balance, fair value liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element461" xlink:to="label461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element462" />
        <label xlink:type="resource" xlink:label="label462" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Fair value, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element462" xlink:to="label462" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="element463" />
        <label xlink:type="resource" xlink:label="label463" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element463" xlink:to="label463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="element464" />
        <label xlink:type="resource" xlink:label="label464" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_en-US">Unrealized Gains / (Losses) Included in OCI, Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element464" xlink:to="label464" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="element465" />
        <label xlink:type="resource" xlink:label="label465" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_en-US">Unrealized gains/(losses) included in OCI, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element465" xlink:to="label465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="element466" />
        <label xlink:type="resource" xlink:label="label466" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element466" xlink:to="label466" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="element467" />
        <label xlink:type="resource" xlink:label="label467" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_en-US">Purchases, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element467" xlink:to="label467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:label="element468" />
        <label xlink:type="resource" xlink:label="label468" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element468" xlink:to="label468" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:label="element469" />
        <label xlink:type="resource" xlink:label="label469" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_en-US">Sales, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element469" xlink:to="label469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="element470" />
        <label xlink:type="resource" xlink:label="label470" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_en-US">Fair Value Measurements Fair Value Hierarchy [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element470" xlink:to="label470" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="element471" />
        <label xlink:type="resource" xlink:label="label471" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_en-US">Fair Value, Measurements, Fair Value Hierarchy [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element471" xlink:to="label471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="element472" />
        <label xlink:type="resource" xlink:label="label472" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByMeasurementBasisAxis_en-US">Fair Value By Measurement Basis [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element472" xlink:to="label472" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="element473" />
        <label xlink:type="resource" xlink:label="label473" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresTextBlock_en-US">Fair Value Disclosures [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element473" xlink:to="label473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="element474" />
        <label xlink:type="resource" xlink:label="label474" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueDisclosuresTextBlock_en-US">Fair Value Measurement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element474" xlink:to="label474" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:label="element475" />
        <label xlink:type="resource" xlink:label="label475" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_en-US">Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element475" xlink:to="label475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:label="element476" />
        <label xlink:type="resource" xlink:label="label476" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_en-US">Gains And Losses (Realized And Unrealized) Included In Earnings Pertaining To Level 3 Assets And Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element476" xlink:to="label476" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="element477" />
        <label xlink:type="resource" xlink:label="label477" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_en-US">Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element477" xlink:to="label477" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="element478" />
        <label xlink:type="resource" xlink:label="label478" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element478" xlink:to="label478" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="element479" />
        <label xlink:type="resource" xlink:label="label479" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_en-US">Fair Value Concentration Of Risk Disclosure Items [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element479" xlink:to="label479" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="element480" />
        <label xlink:type="resource" xlink:label="label480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_en-US">Fair Value, Concentration of Risk, Disclosure Items [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element480" xlink:to="label480" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element481" />
        <label xlink:type="resource" xlink:label="label481" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element481" xlink:to="label481" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element482" />
        <label xlink:type="resource" xlink:label="label482" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">Changes In Level 3 Assets Measured At Fair Value On A Recurring Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element482" xlink:to="label482" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="element483" />
        <label xlink:type="resource" xlink:label="label483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_en-US">Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Table]</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element487" xlink:to="label487" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="element488" />
        <label xlink:type="resource" xlink:label="label488" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueDisclosureItemAmountsDomain_en-US">Fair Value, Disclosure Item Amounts [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element488" xlink:to="label488" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="element489" />
        <label xlink:type="resource" xlink:label="label489" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel2Member_en-US">Fair Value Inputs Level 2 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element489" xlink:to="label489" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="element490" />
        <label xlink:type="resource" xlink:label="label490" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueInputsLevel2Member_en-US">Significant Other Observable Inputs (Level 2) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element490" xlink:to="label490" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="element491" />
        <label xlink:type="resource" xlink:label="label491" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel1Member_en-US">Fair Value Inputs Level 1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element491" xlink:to="label491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="element492" />
        <label xlink:type="resource" xlink:label="label492" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueInputsLevel1Member_en-US">Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element492" xlink:to="label492" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="element493" />
        <label xlink:type="resource" xlink:label="label493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel3Member_en-US">Fair Value Inputs Level 3 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element493" xlink:to="label493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="element494" />
        <label xlink:type="resource" xlink:label="label494" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueInputsLevel3Member_en-US">Significant Unobservable Inputs (Level 3) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element494" xlink:to="label494" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="element495" />
        <label xlink:type="resource" xlink:label="label495" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_en-US">Fair Value Measurement Inputs Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element495" xlink:to="label495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="element496" />
        <label xlink:type="resource" xlink:label="label496" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_en-US">OLD Company's Assets And Liabilities Measured At Fair Value On Recurring Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element496" xlink:to="label496" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element497" />
        <label xlink:type="resource" xlink:label="label497" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element497" xlink:to="label497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element498" />
        <label xlink:type="resource" xlink:label="label498" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">Changes In Level 3 Liabilities Measured At Fair Value On A Recurring Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element498" xlink:to="label498" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:label="element499" />
        <label xlink:type="resource" xlink:label="label499" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element499" xlink:to="label499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:label="element500" />
        <label xlink:type="resource" xlink:label="label500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_en-US">Unrealized gains/(losses) included in OCI, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element500" xlink:to="label500" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xlink:label="element501" />
        <label xlink:type="resource" xlink:label="label501" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element501" xlink:to="label501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xlink:label="element502" />
        <label xlink:type="resource" xlink:label="label502" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease_en-US">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element502" xlink:to="label502" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xlink:label="element503" />
        <label xlink:type="resource" xlink:label="label503" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element503" xlink:to="label503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xlink:label="element504" />
        <label xlink:type="resource" xlink:label="label504" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease_en-US">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element504" xlink:to="label504" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="element505" />
        <label xlink:type="resource" xlink:label="label505" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element505" xlink:to="label505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="element506" />
        <label xlink:type="resource" xlink:label="label506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_en-US">Realized gains/(losses), liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element506" xlink:to="label506" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="element507" />
        <label xlink:type="resource" xlink:label="label507" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_en-US">Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element507" xlink:to="label507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="element508" />
        <label xlink:type="resource" xlink:label="label508" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_en-US">Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element508" xlink:to="label508" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xlink:label="element509" />
        <label xlink:type="resource" xlink:label="label509" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_en-US">Fair Value Option Aggregate Differences Loans And Long Term Receivables</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element509" xlink:to="label509" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xlink:label="element510" />
        <label xlink:type="resource" xlink:label="label510" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_en-US">Loans receivable, difference</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element510" xlink:to="label510" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element511" />
        <label xlink:type="resource" xlink:label="label511" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element511" xlink:to="label511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element512" />
        <label xlink:type="resource" xlink:label="label512" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Ending balance, fair value assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element512" xlink:to="label512" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element513" />
        <label xlink:type="resource" xlink:label="label513" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Beginning balance, fair value assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element513" xlink:to="label513" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element514" />
        <label xlink:type="resource" xlink:label="label514" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Fair Value, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element514" xlink:to="label514" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:label="element515" />
        <label xlink:type="resource" xlink:label="label515" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_en-US">Fair Value Option Aggregate Differences Long Term Debt Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element515" xlink:to="label515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:label="element516" />
        <label xlink:type="resource" xlink:label="label516" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_en-US">Variable interest entity notes, difference</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element516" xlink:to="label516" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:label="element517" />
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        <label xlink:type="resource" xlink:label="label518" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_en-US">Changes In Fair Value Included In The Company's Consolidated Statements Of Operations</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:label="element519" />
        <label xlink:type="resource" xlink:label="label519" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_en-US">Fair Value Option Loans Held As Assets 90 Days Or More Past Due</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element519" xlink:to="label519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:label="element520" />
        <label xlink:type="resource" xlink:label="label520" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_en-US">Loans receivable, 90 days or more past due, contractual outstanding principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element520" xlink:to="label520" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus" xlink:label="element521" />
        <label xlink:type="resource" xlink:label="label521" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_en-US">Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element521" xlink:to="label521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus" xlink:label="element522" />
        <label xlink:type="resource" xlink:label="label522" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_en-US">Loans receivable, 90 days or more past due, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element522" xlink:to="label522" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="element523" />
        <label xlink:type="resource" xlink:label="label523" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueHedgingMember_en-US">Fair Value Hedging [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element523" xlink:to="label523" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="element524" />
        <label xlink:type="resource" xlink:label="label524" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueHedgingMember_en-US">Fair Value Hedging [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element524" xlink:to="label524" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FeesAndCommissionsOther" xlink:label="element525" />
        <label xlink:type="resource" xlink:label="label525" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FeesAndCommissionsOther_en-US">Ceding commissions from reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element525" xlink:to="label525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceSegmentMember" xlink:label="element526" />
        <label xlink:type="resource" xlink:label="label526" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceSegmentMember_en-US">Financial Guarantee Insurance Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element526" xlink:to="label526" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate" xlink:label="element527" />
        <label xlink:type="resource" xlink:label="label527" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2016, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element527" xlink:to="label527" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate" xlink:label="element528" />
        <label xlink:type="resource" xlink:label="label528" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_en-US">Five years ended, December 31, 2024, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element528" xlink:to="label528" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate" xlink:label="element529" />
        <label xlink:type="resource" xlink:label="label529" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_en-US">Three months ended, June 30, 2015, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element529" xlink:to="label529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate" xlink:label="element530" />
        <label xlink:type="resource" xlink:label="label530" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_en-US">Weighted average risk-free rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element530" xlink:to="label530" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsTextBlock" xlink:label="element531" />
        <label xlink:type="resource" xlink:label="label531" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsTextBlock_en-US">Financial Guarantee Insurance Contracts [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element531" xlink:to="label531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsTextBlock" xlink:label="element532" />
        <label xlink:type="resource" xlink:label="label532" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialGuaranteeInsuranceContractsTextBlock_en-US">Insurance Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element532" xlink:to="label532" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten" xlink:label="element533" />
        <label xlink:type="resource" xlink:label="label533" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten_en-US">Premiums from New Business Written</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element533" xlink:to="label533" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate" xlink:label="element534" />
        <label xlink:type="resource" xlink:label="label534" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_en-US">Five years ended, December 31, 2029, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element534" xlink:to="label534" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="element535" />
        <label xlink:type="resource" xlink:label="label535" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeMember_en-US">Financial Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element535" xlink:to="label535" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="element536" />
        <label xlink:type="resource" xlink:label="label536" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialGuaranteeMember_en-US">Financial Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element536" xlink:to="label536" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate" xlink:label="element537" />
        <label xlink:type="resource" xlink:label="label537" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2018, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element537" xlink:to="label537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate" xlink:label="element538" />
        <label xlink:type="resource" xlink:label="label538" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2019, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element538" xlink:to="label538" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate" xlink:label="element539" />
        <label xlink:type="resource" xlink:label="label539" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2017, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element539" xlink:to="label539" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="element540" />
        <label xlink:type="resource" xlink:label="label540" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialInstrumentAxis_en-US">Financial Instrument [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element540" xlink:to="label540" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="element541" />
        <label xlink:type="resource" xlink:label="label541" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialInstrumentAxis_en-US">Financial Instrument [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element541" xlink:to="label541" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1" xlink:label="element542" />
        <label xlink:type="resource" xlink:label="label542" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_en-US">Weighted average expected collection term of the premiums receivable, years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element542" xlink:to="label542" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xlink:label="element543" />
        <label xlink:type="resource" xlink:label="label543" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount_en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change Accretion Of Discount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element543" xlink:to="label543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xlink:label="element544" />
        <label xlink:type="resource" xlink:label="label544" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount_en-US">Accretion of claim liability discount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element544" xlink:to="label544" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate" xlink:label="element545" />
        <label xlink:type="resource" xlink:label="label545" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2019, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element545" xlink:to="label545" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable" xlink:label="element546" />
        <label xlink:type="resource" xlink:label="label546" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable_en-US">Adjustments, Accretion of Premiums Receivable Discount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element546" xlink:to="label546" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate" xlink:label="element547" />
        <label xlink:type="resource" xlink:label="label547" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2017, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element547" xlink:to="label547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized" xlink:label="element548" />
        <label xlink:type="resource" xlink:label="label548" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized_en-US">Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element548" xlink:to="label548" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized" xlink:label="element549" />
        <label xlink:type="resource" xlink:label="label549" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized_en-US">Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element549" xlink:to="label549" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate" xlink:label="element550" />
        <label xlink:type="resource" xlink:label="label550" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2016, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element550" xlink:to="label550" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:label="element551" />
        <label xlink:type="resource" xlink:label="label551" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_en-US">Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element551" xlink:to="label551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:label="element552" />
        <label xlink:type="resource" xlink:label="label552" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_en-US">Weighted average risk-free rate used to discount claim liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element552" xlink:to="label552" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="element553" />
        <label xlink:type="resource" xlink:label="label553" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_en-US">Three months ended, March 31, 2015, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element553" xlink:to="label553" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected" xlink:label="element554" />
        <label xlink:type="resource" xlink:label="label554" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_en-US">Total, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element554" xlink:to="label554" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected" xlink:label="element555" />
        <label xlink:type="resource" xlink:label="label555" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_en-US">Total, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element555" xlink:to="label555" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate" xlink:label="element556" />
        <label xlink:type="resource" xlink:label="label556" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_en-US">Three months ended, September 30, 2015, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element556" xlink:to="label556" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumPaymentsReceived" xlink:label="element557" />
        <label xlink:type="resource" xlink:label="label557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumPaymentsReceived_en-US">Premium Payments Received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element557" xlink:to="label557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="element558" />
        <label xlink:type="resource" xlink:label="label558" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_en-US">Three months ended, March 31, 2015, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element558" xlink:to="label558" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate" xlink:label="element559" />
        <label xlink:type="resource" xlink:label="label559" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_en-US">Three months ended, December 31, 2015, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element559" xlink:to="label559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate" xlink:label="element560" />
        <label xlink:type="resource" xlink:label="label560" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate_en-US">Three months ended, December 31, 2015, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element560" xlink:to="label560" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xlink:label="element561" />
        <label xlink:type="resource" xlink:label="label561" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate_en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change Effect Of Change In Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element561" xlink:to="label561" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xlink:label="element562" />
        <label xlink:type="resource" xlink:label="label562" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate_en-US">Changes in discount rates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element562" xlink:to="label562" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate" xlink:label="element563" />
        <label xlink:type="resource" xlink:label="label563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_en-US">Three months ended, June 30, 2015, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element563" xlink:to="label563" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments" xlink:label="element564" />
        <label xlink:type="resource" xlink:label="label564" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments_en-US">Adjustments, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element564" xlink:to="label564" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate" xlink:label="element565" />
        <label xlink:type="resource" xlink:label="label565" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_en-US">Three months ended, September 30, 2015, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element565" xlink:to="label565" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate" xlink:label="element566" />
        <label xlink:type="resource" xlink:label="label566" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_en-US">Twelve months ended, December 31, 2018, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element566" xlink:to="label566" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract" xlink:label="element567" />
        <label xlink:type="resource" xlink:label="label567" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract_en-US">Adjustments, Changes in Expected Term of Policies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element567" xlink:to="label567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="element568" />
        <label xlink:type="resource" xlink:label="label568" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FixedMaturitiesMember_en-US">Fixed Maturities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element568" xlink:to="label568" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="element569" />
        <label xlink:type="resource" xlink:label="label569" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FixedMaturitiesMember_en-US">Fixed-Maturity Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element569" xlink:to="label569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember" xlink:label="element570" />
        <label xlink:type="resource" xlink:label="label570" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember_en-US">Foreign Exchange And Other Derivative Financial Instruments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element570" xlink:to="label570" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember" xlink:label="element571" />
        <label xlink:type="resource" xlink:label="label571" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember_en-US">Foreign Exchange and Other Derivative Financial Instruments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element571" xlink:to="label571" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="element572" />
        <label xlink:type="resource" xlink:label="label572" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_en-US">Foreign Currency Translation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element572" xlink:to="label572" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="element573" />
        <label xlink:type="resource" xlink:label="label573" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForeignGovernmentDebtMember_en-US">Foreign Government Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element573" xlink:to="label573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="element574" />
        <label xlink:type="resource" xlink:label="label574" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ForeignGovernmentDebtMember_en-US">Foreign Governments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element574" xlink:to="label574" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FurnitureAndFixturesMember" xlink:label="element575" />
        <label xlink:type="resource" xlink:label="label575" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FurnitureAndFixturesMember_en-US">Furniture And Fixtures [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element575" xlink:to="label575" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="element576" />
        <label xlink:type="resource" xlink:label="label576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_en-US">Gain Loss On Derivative Instruments Net Pretax [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element576" xlink:to="label576" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="element577" />
        <label xlink:type="resource" xlink:label="label577" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_en-US">Change in fair value of insured derivatives:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element577" xlink:to="label577" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="element578" />
        <label xlink:type="resource" xlink:label="label578" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_en-US">Gain Loss On Derivative Instruments Net Pretax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element578" xlink:to="label578" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="element579" />
        <label xlink:type="resource" xlink:label="label579" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_en-US">Net change in fair value of insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element579" xlink:to="label579" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="element580" />
        <label xlink:type="resource" xlink:label="label580" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_en-US">Net change in fair value of insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element580" xlink:to="label580" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary" xlink:label="element581" />
        <label xlink:type="resource" xlink:label="label581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_en-US">GainOrLossOnSaleOfStockInSubsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element581" xlink:to="label581" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary" xlink:label="element582" />
        <label xlink:type="resource" xlink:label="label582" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_en-US">Gain on sale of subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element582" xlink:to="label582" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="element583" />
        <label xlink:type="resource" xlink:label="label583" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_en-US">Gain Loss On Fair Value Hedges Recognized In Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element583" xlink:to="label583" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="element584" />
        <label xlink:type="resource" xlink:label="label584" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_en-US">Gain/(loss) recognized in income on hedged item</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element585" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element585" xlink:to="label585" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element586" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract" xlink:label="element587" />
        <label xlink:type="resource" xlink:label="label587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract_en-US">Pension And Profit Sharing Plans [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element587" xlink:to="label587" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="element588" />
        <label xlink:type="resource" xlink:label="label588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsByNatureAxis_en-US">Guarantor Obligations, Nature [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element588" xlink:to="label588" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="element589" />
        <label xlink:type="resource" xlink:label="label589" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsNatureDomain_en-US">Guarantor Obligations, Nature [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element589" xlink:to="label589" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="element590" />
        <label xlink:type="resource" xlink:label="label590" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsLineItems_en-US">Guarantor Obligations [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element590" xlink:to="label590" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="element591" />
        <label xlink:type="resource" xlink:label="label591" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsMaximumExposure_en-US">Guarantee Obligations Maximum Exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element591" xlink:to="label591" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="element592" />
        <label xlink:type="resource" xlink:label="label592" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GuaranteeObligationsMaximumExposure_en-US">Insurance par exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element592" xlink:to="label592" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="element593" />
        <label xlink:type="resource" xlink:label="label593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HedgingDesignationAxis_en-US">Hedging Designation [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element593" xlink:to="label593" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="element594" />
        <label xlink:type="resource" xlink:label="label594" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HedgingDesignationDomain_en-US">Hedging Designation [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element594" xlink:to="label594" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="element595" />
        <label xlink:type="resource" xlink:label="label595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HedgingRelationshipDomain_en-US">Hedging Relationship [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element595" xlink:to="label595" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="element596" />
        <label xlink:type="resource" xlink:label="label596" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HedgingRelationshipDomain_en-US">Hedging Relationship [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element596" xlink:to="label596" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:label="element597" />
        <label xlink:type="resource" xlink:label="label597" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_en-US">Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element597" xlink:to="label597" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:label="element598" />
        <label xlink:type="resource" xlink:label="label598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_en-US">Due after five years through ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element598" xlink:to="label598" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:label="element599" />
        <label xlink:type="resource" xlink:label="label599" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_en-US">HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element599" xlink:to="label599" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:label="element600" />
        <label xlink:type="resource" xlink:label="label600" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_en-US">Due after ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element600" xlink:to="label600" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="element601" />
        <label xlink:type="resource" xlink:label="label601" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_en-US">HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element601" xlink:to="label601" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="element602" />
        <label xlink:type="resource" xlink:label="label602" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_en-US">Due in one year or less</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element602" xlink:to="label602" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="element603" />
        <label xlink:type="resource" xlink:label="label603" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_en-US">HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element603" xlink:to="label603" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="element604" />
        <label xlink:type="resource" xlink:label="label604" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_en-US">Due after five years through ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element604" xlink:to="label604" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xlink:label="element605" />
        <label xlink:type="resource" xlink:label="label605" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_en-US">HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element605" xlink:to="label605" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xlink:label="element606" />
        <label xlink:type="resource" xlink:label="label606" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_en-US">Due after ten years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element606" xlink:to="label606" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="element607" />
        <label xlink:type="resource" xlink:label="label607" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_en-US">Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element607" xlink:to="label607" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="element608" />
        <label xlink:type="resource" xlink:label="label608" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_en-US">Less than 12 months, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element608" xlink:to="label608" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="element609" />
        <label xlink:type="resource" xlink:label="label609" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_en-US">Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element609" xlink:to="label609" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="element610" />
        <label xlink:type="resource" xlink:label="label610" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_en-US">12 months or longer, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element610" xlink:to="label610" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="element611" />
        <label xlink:type="resource" xlink:label="label611" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_en-US">HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element611" xlink:to="label611" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="element612" />
        <label xlink:type="resource" xlink:label="label612" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_en-US">Due after one year through five years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element612" xlink:to="label612" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element613" />
        <label xlink:type="resource" xlink:label="label613" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Held To Maturity Securities Continuous Unrealized Loss Position Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element613" xlink:to="label613" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="element614" />
        <label xlink:type="resource" xlink:label="label614" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_en-US">Total held-to-maturity, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element614" xlink:to="label614" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="element615" />
        <label xlink:type="resource" xlink:label="label615" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_en-US">HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element615" xlink:to="label615" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="element616" />
        <label xlink:type="resource" xlink:label="label616" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_en-US">Less than 12 months, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element616" xlink:to="label616" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="element617" />
        <label xlink:type="resource" xlink:label="label617" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_en-US">HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element617" xlink:to="label617" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="element618" />
        <label xlink:type="resource" xlink:label="label618" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_en-US">Total held-to-maturity, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element618" xlink:to="label618" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xlink:label="element619" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xlink:label="element620" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="element622" />
        <label xlink:type="resource" xlink:label="label622" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecurities_en-US">Investments held-to-maturity, at amortized cost (fair value $2,635 and $2,632)</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="element623" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="element624" />
        <label xlink:type="resource" xlink:label="label624" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_HeldToMaturitySecurities_en-US">Total Held-To-Maturity, amortized cost</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xlink:label="element625" />
        <label xlink:type="resource" xlink:label="label625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_en-US">HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element625" xlink:to="label625" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xlink:label="element626" />
        <label xlink:type="resource" xlink:label="label626" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_en-US">Gross unrealized losses</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:label="element627" />
        <label xlink:type="resource" xlink:label="label627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_en-US">Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element627" xlink:to="label627" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:label="element628" />
        <label xlink:type="resource" xlink:label="label628" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_en-US">Due after one year through five years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element628" xlink:to="label628" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="element629" />
        <label xlink:type="resource" xlink:label="label629" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_en-US">HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element629" xlink:to="label629" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="element630" />
        <label xlink:type="resource" xlink:label="label630" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_en-US">12 months or longer, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element630" xlink:to="label630" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="element631" />
        <label xlink:type="resource" xlink:label="label631" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_en-US">Held To Maturity Securities Unclassified [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element631" xlink:to="label631" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="element632" />
        <label xlink:type="resource" xlink:label="label632" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_en-US">Held To Maturity Securities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element632" xlink:to="label632" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xlink:label="element633" />
        <label xlink:type="resource" xlink:label="label633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount_en-US">HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element633" xlink:to="label633" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xlink:label="element634" />
        <label xlink:type="resource" xlink:label="label634" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount_en-US">Mortgage-Backed and Asset-Backed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element634" xlink:to="label634" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:label="element635" />
        <label xlink:type="resource" xlink:label="label635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_en-US">Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element635" xlink:to="label635" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:label="element636" />
        <label xlink:type="resource" xlink:label="label636" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_en-US">Due in one year or less</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element636" xlink:to="label636" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="element637" />
        <label xlink:type="resource" xlink:label="label637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_en-US">HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element637" xlink:to="label637" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="element638" />
        <label xlink:type="resource" xlink:label="label638" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_en-US">Mortgage-Backed and Asset-Backed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element638" xlink:to="label638" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="element639" />
        <label xlink:type="resource" xlink:label="label639" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesFairValue_en-US">Held-To-Maturity Securities Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element639" xlink:to="label639" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="element640" />
        <label xlink:type="resource" xlink:label="label640" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesFairValue_en-US">Investments held-to-maturity, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element640" xlink:to="label640" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="element641" />
        <label xlink:type="resource" xlink:label="label641" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_HeldToMaturitySecuritiesFairValue_en-US">Total held-to-maturity investments, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element641" xlink:to="label641" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="element642" />
        <label xlink:type="resource" xlink:label="label642" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_HeldToMaturitySecuritiesFairValue_en-US">Total Held-To-Maturity, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element642" xlink:to="label642" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions" xlink:label="element643" />
        <label xlink:type="resource" xlink:label="label643" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions_en-US">HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element643" xlink:to="label643" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions" xlink:label="element644" />
        <label xlink:type="resource" xlink:label="label644" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions_en-US">Number of Held-To-Maturity Securities in unrealized loss position</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element644" xlink:to="label644" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldtomaturitySecuritiesMember" xlink:label="element645" />
        <label xlink:type="resource" xlink:label="label645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_HeldtomaturitySecuritiesMember_en-US">Heldtomaturity Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element645" xlink:to="label645" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldtomaturitySecuritiesMember" xlink:label="element646" />
        <label xlink:type="resource" xlink:label="label646" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_HeldtomaturitySecuritiesMember_en-US">Held-To-Maturity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element646" xlink:to="label646" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="element647" />
        <label xlink:type="resource" xlink:label="label647" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IntersegmentEliminationMember_en-US">Intersegment Elimination [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element647" xlink:to="label647" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="element648" />
        <label xlink:type="resource" xlink:label="label648" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IntersegmentEliminationMember_en-US">Eliminations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element648" xlink:to="label648" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="element649" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element649" xlink:to="label649" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="element650" />
        <label xlink:type="resource" xlink:label="label650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementAbstract_en-US">Statement of Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element650" xlink:to="label650" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="element651" />
        <label xlink:type="resource" xlink:label="label651" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationAxis_en-US">Income Statement Location [Axis]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="element652" />
        <label xlink:type="resource" xlink:label="label652" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeStatementLocationAxis_en-US">Income Statement Location [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element652" xlink:to="label652" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element653" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element655" />
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        <label xlink:type="resource" xlink:label="label656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxDisclosureAbstract_en-US">Income tax disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element656" xlink:to="label656" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="element657" />
        <label xlink:type="resource" xlink:label="label657" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationDomain_en-US">Income Statement Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element657" xlink:to="label657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="element658" />
        <label xlink:type="resource" xlink:label="label658" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeStatementLocationDomain_en-US">Income Statement Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element658" xlink:to="label658" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element659" />
        <label xlink:type="resource" xlink:label="label659" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxExpenseBenefit_en-US">Income Tax Expense Benefit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element659" xlink:to="label659" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element660" />
        <label xlink:type="resource" xlink:label="label660" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeTaxExpenseBenefit_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element660" xlink:to="label660" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element661" />
        <label xlink:type="resource" xlink:label="label661" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeTaxExpenseBenefit_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element661" xlink:to="label661" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="element662" />
        <label xlink:type="resource" xlink:label="label662" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxDisclosureTextBlock_en-US">Income Tax Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element662" xlink:to="label662" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="element663" />
        <label xlink:type="resource" xlink:label="label663" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeTaxDisclosureTextBlock_en-US">Income Taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element663" xlink:to="label663" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="element664" />
        <label xlink:type="resource" xlink:label="label664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxesPaidNet_en-US">Income taxes (paid) received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element664" xlink:to="label664" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="element665" />
        <label xlink:type="resource" xlink:label="label665" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxesPaidNet_en-US">Income taxes (paid) received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element665" xlink:to="label665" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="element666" />
        <label xlink:type="resource" xlink:label="label666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxPolicyTextBlock_en-US">Income Taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element666" xlink:to="label666" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="element667" />
        <label xlink:type="resource" xlink:label="label667" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_en-US">Increase Decrease In Accrued Income Taxes Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element667" xlink:to="label667" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="element668" />
        <label xlink:type="resource" xlink:label="label668" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_en-US">Current income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element668" xlink:to="label668" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:label="element669" />
        <label xlink:type="resource" xlink:label="label669" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_en-US">Increase Decrease Cash Collateral From Counterparties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element669" xlink:to="label669" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:label="element670" />
        <label xlink:type="resource" xlink:label="label670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_en-US">Collateral (to) from swap counterparty</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element670" xlink:to="label670" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:label="element671" />
        <label xlink:type="resource" xlink:label="label671" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts_en-US">Increase Decrease In Deferred Policy Acquisition Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element671" xlink:to="label671" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:label="element672" />
        <label xlink:type="resource" xlink:label="label672" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts_en-US">Deferred acquisition costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element672" xlink:to="label672" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:label="element673" />
        <label xlink:type="resource" xlink:label="label673" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts_en-US">Deferred acquisition costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element673" xlink:to="label673" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="element674" />
        <label xlink:type="resource" xlink:label="label674" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccruedLiabilities_en-US">Increase Decrease In Accrued Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element674" xlink:to="label674" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="element675" />
        <label xlink:type="resource" xlink:label="label675" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInAccruedLiabilities_en-US">Accrued expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element675" xlink:to="label675" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="element676" />
        <label xlink:type="resource" xlink:label="label676" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_en-US">Increase in deferred tax asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element676" xlink:to="label676" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="element677" />
        <label xlink:type="resource" xlink:label="label677" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_en-US">Increase Decrease In Loss And Loss Adjustment Expense Reserve</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element677" xlink:to="label677" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="element678" />
        <label xlink:type="resource" xlink:label="label678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_en-US">Changes in LAE reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element678" xlink:to="label678" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="element679" />
        <label xlink:type="resource" xlink:label="label679" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_en-US">Loss and loss adjustment expense reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element679" xlink:to="label679" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="element680" />
        <label xlink:type="resource" xlink:label="label680" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_en-US">Loss and loss adjustment expense reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element680" xlink:to="label680" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="element681" />
        <label xlink:type="resource" xlink:label="label681" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInInterestPayableNet_en-US">IncreaseDecreaseInInterestPayableNet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element681" xlink:to="label681" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="element682" />
        <label xlink:type="resource" xlink:label="label682" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInInterestPayableNet_en-US">Accrued interest payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element682" xlink:to="label682" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="element683" />
        <label xlink:type="resource" xlink:label="label683" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_en-US">Decrease in income tax receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element683" xlink:to="label683" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="element684" />
        <label xlink:type="resource" xlink:label="label684" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInUnearnedPremiums_en-US">Increase Decrease In Unearned Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element684" xlink:to="label684" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="element685" />
        <label xlink:type="resource" xlink:label="label685" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInUnearnedPremiums_en-US">Unearned premium revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element685" xlink:to="label685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="element686" />
        <label xlink:type="resource" xlink:label="label686" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInUnearnedPremiums_en-US">Changes in unearned premium revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element686" xlink:to="label686" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:label="element687" />
        <label xlink:type="resource" xlink:label="label687" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInPremiumsReceivable_en-US">Increase Decrease In Premiums Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element687" xlink:to="label687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:label="element688" />
        <label xlink:type="resource" xlink:label="label688" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInPremiumsReceivable_en-US">Premiums receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element688" xlink:to="label688" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:label="element689" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="element696" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:label="element697" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:label="element698" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="element699" />
        <label xlink:type="resource" xlink:label="label699" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestPayableCurrentAndNoncurrent_en-US">Interest Payable Current And Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element699" xlink:to="label699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="element700" />
        <label xlink:type="resource" xlink:label="label700" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestPayableCurrentAndNoncurrent_en-US">Accrued interest on surplus notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element700" xlink:to="label700" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="element701" />
        <label xlink:type="resource" xlink:label="label701" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InterestPayableCurrentAndNoncurrent_en-US">Accrued interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element701" xlink:to="label701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="element702" />
        <label xlink:type="resource" xlink:label="label702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpense_en-US">Interest Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element702" xlink:to="label702" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="element703" />
        <label xlink:type="resource" xlink:label="label703" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestExpense_en-US">Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element703" xlink:to="label703" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="element704" />
        <label xlink:type="resource" xlink:label="label704" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InterestExpense_en-US">Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element704" xlink:to="label704" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="element705" />
        <label xlink:type="resource" xlink:label="label705" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestPaidNet_en-US">Interest paid, net of interest converted to principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element705" xlink:to="label705" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="element706" />
        <label xlink:type="resource" xlink:label="label706" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_InterestPaidNet_en-US">Interest paid, net of interest converted to principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element706" xlink:to="label706" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="element707" />
        <label xlink:type="resource" xlink:label="label707" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestRateSwapMember_en-US">Interest Rate Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element707" xlink:to="label707" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="element708" />
        <label xlink:type="resource" xlink:label="label708" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestRateSwapMember_en-US">Interest Rate Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element708" xlink:to="label708" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="element709" />
        <label xlink:type="resource" xlink:label="label709" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentPolicyTextBlock_en-US">Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element709" xlink:to="label709" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="element710" />
        <label xlink:type="resource" xlink:label="label710" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentPolicyTextBlock_en-US">InvestmentPolicyTextBlock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element710" xlink:to="label710" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="element711" />
        <label xlink:type="resource" xlink:label="label711" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentOwnedAtFairValue_en-US">Investment Owned At Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element711" xlink:to="label711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="element712" />
        <label xlink:type="resource" xlink:label="label712" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentOwnedAtFairValue_en-US">Other investments, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element712" xlink:to="label712" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="element713" />
        <label xlink:type="resource" xlink:label="label713" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentTypeAxis_en-US">Investment Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element713" xlink:to="label713" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="element714" />
        <label xlink:type="resource" xlink:label="label714" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Investments_en-US">Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element714" xlink:to="label714" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="element715" />
        <label xlink:type="resource" xlink:label="label715" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_Investments_en-US">Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element715" xlink:to="label715" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="element716" />
        <label xlink:type="resource" xlink:label="label716" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Investments_en-US">Total investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element716" xlink:to="label716" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="element717" />
        <label xlink:type="resource" xlink:label="label717" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Investments_en-US">Total investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element717" xlink:to="label717" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="element718" />
        <label xlink:type="resource" xlink:label="label718" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_en-US">Investments Classified By Contractual Maturity Date [Table Text Block]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="element719" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element719" xlink:to="label719" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="element720" />
        <label xlink:type="resource" xlink:label="label720" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentsAbstract_en-US">Investments [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" xlink:label="element721" />
        <label xlink:type="resource" xlink:label="label721" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm_en-US">Lease renewal term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element721" xlink:to="label721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="element722" />
        <label xlink:type="resource" xlink:label="label722" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LettersOfCreditOutstandingAmount_en-US">Outstanding letters of credit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element722" xlink:to="label722" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeaseholdImprovementsMember" xlink:label="element723" />
        <label xlink:type="resource" xlink:label="label723" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LeaseholdImprovementsMember_en-US">Leasehold Improvements [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element723" xlink:to="label723" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureRecurring" xlink:label="element724" />
        <label xlink:type="resource" xlink:label="label724" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesFairValueDisclosureRecurring_en-US">Fair Value Liabilities Measured On Recurring Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element724" xlink:to="label724" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureRecurring" xlink:label="element725" />
        <label xlink:type="resource" xlink:label="label725" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilitiesFairValueDisclosureRecurring_en-US">Fair value financial liabilities measured on recurring basis</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element726" />
        <label xlink:type="resource" xlink:label="label726" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Liabilities And Stockholders Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element726" xlink:to="label726" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element727" />
        <label xlink:type="resource" xlink:label="label727" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Total liabilities and equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element727" xlink:to="label727" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="element728" />
        <label xlink:type="resource" xlink:label="label728" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAbstract_en-US">Liabilities:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element728" xlink:to="label728" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="element729" />
        <label xlink:type="resource" xlink:label="label729" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilitiesAbstract_en-US">Liabilities:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element729" xlink:to="label729" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureNonrecurring" xlink:label="element730" />
        <label xlink:type="resource" xlink:label="label730" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesFairValueDisclosureNonrecurring_en-US">Liabilities Fair Value Disclosure Nonrecurring</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element730" xlink:to="label730" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureNonrecurring" xlink:label="element731" />
        <label xlink:type="resource" xlink:label="label731" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilitiesFairValueDisclosureNonrecurring_en-US">Total liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element731" xlink:to="label731" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureNonrecurring" xlink:label="element732" />
        <label xlink:type="resource" xlink:label="label732" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesFairValueDisclosureNonrecurring_en-US">Total liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element732" xlink:to="label732" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="element733" />
        <label xlink:type="resource" xlink:label="label733" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Liabilities_en-US">Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element733" xlink:to="label733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="element734" />
        <label xlink:type="resource" xlink:label="label734" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_Liabilities_en-US">Carrying amounts of liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element734" xlink:to="label734" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="element735" />
        <label xlink:type="resource" xlink:label="label735" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Liabilities_en-US">Total liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element735" xlink:to="label735" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="element736" />
        <label xlink:type="resource" xlink:label="label736" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_en-US">LiabilitiesOfAssetsHeldForSale</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element736" xlink:to="label736" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="element737" />
        <label xlink:type="resource" xlink:label="label737" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_en-US">Liabilities held for sale</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element737" xlink:to="label737" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="element738" />
        <label xlink:type="resource" xlink:label="label738" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquityAbstract_en-US">Liabilities and Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element738" xlink:to="label738" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:label="element739" />
        <label xlink:type="resource" xlink:label="label739" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_en-US">Liability For Future Policy Benefits And Unpaid Claims Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element739" xlink:to="label739" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:label="element740" />
        <label xlink:type="resource" xlink:label="label740" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_en-US">Loss and Loss Adjustment Expense Reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element740" xlink:to="label740" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="element741" />
        <label xlink:type="resource" xlink:label="label741" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_en-US">LiabilityForClaimsAndClaimsAdjustmentExpense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element741" xlink:to="label741" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="element742" />
        <label xlink:type="resource" xlink:label="label742" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_en-US">Loss and loss adjustment expense reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element742" xlink:to="label742" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="element743" />
        <label xlink:type="resource" xlink:label="label743" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_en-US">Gross loss and LAE reserve, beginning balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element743" xlink:to="label743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="element744" />
        <label xlink:type="resource" xlink:label="label744" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_en-US">Gross loss and LAE reserve, ending balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element744" xlink:to="label744" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="element745" />
        <label xlink:type="resource" xlink:label="label745" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_en-US">Line of credit commitment fee percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element745" xlink:to="label745" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="element746" />
        <label xlink:type="resource" xlink:label="label746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCredit_en-US">Line of credit amount outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element746" xlink:to="label746" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="element747" />
        <label xlink:type="resource" xlink:label="label747" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LineOfCredit_en-US">Secured loan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element747" xlink:to="label747" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="element748" />
        <label xlink:type="resource" xlink:label="label748" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_en-US">Line Of Credit Facility Maximum Borrowing Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element748" xlink:to="label748" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="element749" />
        <label xlink:type="resource" xlink:label="label749" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_en-US">Line of credit maximum amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element749" xlink:to="label749" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityCommitmentFeeAmount" xlink:label="element750" />
        <label xlink:type="resource" xlink:label="label750" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityCommitmentFeeAmount_en-US">Line of credit commitment fee</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element750" xlink:to="label750" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:label="element751" />
        <label xlink:type="resource" xlink:label="label751" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_en-US">Line of credit interest rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element751" xlink:to="label751" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:label="element752" />
        <label xlink:type="resource" xlink:label="label752" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_en-US">Line Of Credit Facility Interest Rate During Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element752" xlink:to="label752" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="element753" />
        <label xlink:type="resource" xlink:label="label753" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationSettlementExpense_en-US">Litigation settlement expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element753" xlink:to="label753" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansPayableMember" xlink:label="element754" />
        <label xlink:type="resource" xlink:label="label754" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansPayableMember_en-US">Loans Payable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element754" xlink:to="label754" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansPayableMember" xlink:label="element755" />
        <label xlink:type="resource" xlink:label="label755" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LoansPayableMember_en-US">Payable For Loans Purchased [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element755" xlink:to="label755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="element756" />
        <label xlink:type="resource" xlink:label="label756" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansReceivableMember_en-US">Loans Receivable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element756" xlink:to="label756" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="element757" />
        <label xlink:type="resource" xlink:label="label757" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LoansReceivableMember_en-US">Other Loans Receivable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element757" xlink:to="label757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="element758" />
        <label xlink:type="resource" xlink:label="label758" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansReceivableFairValueDisclosure_en-US">Loans Receivable Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element758" xlink:to="label758" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="element759" />
        <label xlink:type="resource" xlink:label="label759" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LoansReceivableFairValueDisclosure_en-US">Loans receivable at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element759" xlink:to="label759" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleLineItems" xlink:label="element760" />
        <label xlink:type="resource" xlink:label="label760" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongLivedAssetsHeldForSaleLineItems_en-US">Long Lived Assets Held For Sale [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element760" xlink:to="label760" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleLineItems" xlink:label="element761" />
        <label xlink:type="resource" xlink:label="label761" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongLivedAssetsHeldForSaleLineItems_en-US">Assets And Liabilities Held For Sale By Major Category [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element761" xlink:to="label761" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebt" xlink:label="element762" />
        <label xlink:type="resource" xlink:label="label762" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebt_en-US">Long-term Debt, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element762" xlink:to="label762" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebt" xlink:label="element763" />
        <label xlink:type="resource" xlink:label="label763" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LongTermDebt_en-US">Long-term Debt, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element763" xlink:to="label763" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="element764" />
        <label xlink:type="resource" xlink:label="label764" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtFairValue_en-US">LongTermDebtFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element764" xlink:to="label764" />
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        <label xlink:type="resource" xlink:label="label765" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongTermDebtFairValue_en-US">Long-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element765" xlink:to="label765" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="element766" />
        <label xlink:type="resource" xlink:label="label766" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongLivedAssetsHeldForSaleNameDomain_en-US">Long Lived Assets Held For Sale Name [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element766" xlink:to="label766" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="element767" />
        <label xlink:type="resource" xlink:label="label767" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongLivedAssetsHeldForSaleNameDomain_en-US">Held For Sale [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element767" xlink:to="label767" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMember" xlink:label="element768" />
        <label xlink:type="resource" xlink:label="label768" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMember_en-US">Long Term Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element768" xlink:to="label768" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMember" xlink:label="element769" />
        <label xlink:type="resource" xlink:label="label769" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongTermDebtMember_en-US">Long-term Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element769" xlink:to="label769" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:label="element770" />
        <label xlink:type="resource" xlink:label="label770" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_en-US">Long Lived Assets Held For Sale By Asset Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element770" xlink:to="label770" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:label="element771" />
        <label xlink:type="resource" xlink:label="label771" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_en-US">Held For Sale [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element771" xlink:to="label771" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="element772" />
        <label xlink:type="resource" xlink:label="label772" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_en-US">2015</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element772" xlink:to="label772" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="element773" />
        <label xlink:type="resource" xlink:label="label773" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_en-US">2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element773" xlink:to="label773" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="element774" />
        <label xlink:type="resource" xlink:label="label774" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_en-US">2016</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element774" xlink:to="label774" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="element775" />
        <label xlink:type="resource" xlink:label="label775" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtNoncurrent_en-US">Long Term Debt Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element775" xlink:to="label775" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="element776" />
        <label xlink:type="resource" xlink:label="label776" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LongTermDebtNoncurrent_en-US">Long-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element776" xlink:to="label776" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="element777" />
        <label xlink:type="resource" xlink:label="label777" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LongTermDebtNoncurrent_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element777" xlink:to="label777" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="element778" />
        <label xlink:type="resource" xlink:label="label778" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_en-US">2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element778" xlink:to="label778" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="element779" />
        <label xlink:type="resource" xlink:label="label779" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_en-US">Thereafter</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element779" xlink:to="label779" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="element780" />
        <label xlink:type="resource" xlink:label="label780" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_en-US">2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element780" xlink:to="label780" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="element781" />
        <label xlink:type="resource" xlink:label="label781" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingenciesTable_en-US">Loss Contingencies [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element781" xlink:to="label781" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="element782" />
        <label xlink:type="resource" xlink:label="label782" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingenciesLineItems_en-US">Loss Contingencies [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element782" xlink:to="label782" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="element783" />
        <label xlink:type="resource" xlink:label="label783" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingenciesByNatureOfContingencyAxis_en-US">Loss Contingencies By Nature Of Contingency [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element783" xlink:to="label783" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="element784" />
        <label xlink:type="resource" xlink:label="label784" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingencyNatureDomain_en-US">Loss Contingency Nature [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element784" xlink:to="label784" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAa1RatingMember" xlink:label="element785" />
        <label xlink:type="resource" xlink:label="label785" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysAa1RatingMember_en-US">Moodys Aa 1 Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element785" xlink:to="label785" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAa1RatingMember" xlink:label="element786" />
        <label xlink:type="resource" xlink:label="label786" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MoodysAa1RatingMember_en-US">Aa [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element786" xlink:to="label786" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysA3RatingMember" xlink:label="element787" />
        <label xlink:type="resource" xlink:label="label787" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysA3RatingMember_en-US">Mood'ys A3 Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element787" xlink:to="label787" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAa3RatingMember" xlink:label="element788" />
        <label xlink:type="resource" xlink:label="label788" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysAa3RatingMember_en-US">Moody's Aa3 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element788" xlink:to="label788" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysA1RatingMember" xlink:label="element789" />
        <label xlink:type="resource" xlink:label="label789" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysA1RatingMember_en-US">Moody's A1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element789" xlink:to="label789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysA1RatingMember" xlink:label="element790" />
        <label xlink:type="resource" xlink:label="label790" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MoodysA1RatingMember_en-US">A1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element790" xlink:to="label790" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAaaRatingMember" xlink:label="element791" />
        <label xlink:type="resource" xlink:label="label791" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysAaaRatingMember_en-US">Moody's Aaa [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element791" xlink:to="label791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysBaa1RatingMember" xlink:label="element792" />
        <label xlink:type="resource" xlink:label="label792" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MoodysBaa1RatingMember_en-US">Moody's Baa 1 Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element792" xlink:to="label792" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysBaa1RatingMember" xlink:label="element793" />
        <label xlink:type="resource" xlink:label="label793" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MoodysBaa1RatingMember_en-US">Baa [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element793" xlink:to="label793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="element794" />
        <label xlink:type="resource" xlink:label="label794" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorPropertyClassDomain_en-US">Major Property Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element794" xlink:to="label794" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="element795" />
        <label xlink:type="resource" xlink:label="label795" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorPropertyClassAxis_en-US">Major Property Class [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element795" xlink:to="label795" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtSecuritiesDomain" xlink:label="element796" />
        <label xlink:type="resource" xlink:label="label796" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorTypesOfDebtSecuritiesDomain_en-US">Major Types of Debt Securities [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element796" xlink:to="label796" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="element797" />
        <label xlink:type="resource" xlink:label="label797" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_en-US">Major Types Of Debt And Equity Securities [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element797" xlink:to="label797" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="element798" />
        <label xlink:type="resource" xlink:label="label798" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_en-US">Major Types of Debt and Equity Securities [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element798" xlink:to="label798" />
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        <label xlink:type="resource" xlink:label="label799" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_en-US">Major Types Of Debt And Equity Securities [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element799" xlink:to="label799" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="element800" />
        <label xlink:type="resource" xlink:label="label800" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_en-US">Major Types of Debt and Equity Securities [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element800" xlink:to="label800" />
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        <label xlink:type="resource" xlink:label="label801" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecuritiesTextBlock_en-US">Marketable Securities [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element801" xlink:to="label801" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesTextBlock" xlink:label="element802" />
        <label xlink:type="resource" xlink:label="label802" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MarketableSecuritiesTextBlock_en-US">Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element802" xlink:to="label802" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="element803" />
        <label xlink:type="resource" xlink:label="label803" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MaximumMember_en-US">Maximum [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element803" xlink:to="label803" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="element804" />
        <label xlink:type="resource" xlink:label="label804" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MaximumMember_en-US">Maximum [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element804" xlink:to="label804" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="element805" />
        <label xlink:type="resource" xlink:label="label805" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MediumTermNotes_en-US">Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element805" xlink:to="label805" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="element806" />
        <label xlink:type="resource" xlink:label="label806" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MediumTermNotes_en-US">Medium-term notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element806" xlink:to="label806" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="element807" />
        <label xlink:type="resource" xlink:label="label807" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_MediumTermNotes_en-US">Medium-term notes (includes financial instruments carried at fair value of $180 and $197)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element807" xlink:to="label807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="element808" />
        <label xlink:type="resource" xlink:label="label808" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MediumTermNotesMember_en-US">Medium Term Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element808" xlink:to="label808" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="element809" />
        <label xlink:type="resource" xlink:label="label809" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MediumTermNotesMember_en-US">Medium-term Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element809" xlink:to="label809" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="element810" />
        <label xlink:type="resource" xlink:label="label810" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinimumMember_en-US">Minimum [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element810" xlink:to="label810" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="element811" />
        <label xlink:type="resource" xlink:label="label811" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MinimumMember_en-US">Minimum [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element811" xlink:to="label811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="element812" />
        <label xlink:type="resource" xlink:label="label812" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinorityInterestDecreaseFromRedemptions_en-US">MinorityInterestChangeInRedemptionValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element812" xlink:to="label812" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="element813" />
        <label xlink:type="resource" xlink:label="label813" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_MinorityInterestDecreaseFromRedemptions_en-US">Change in noncontrolling interest in subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element813" xlink:to="label813" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestPeriodIncreaseDecrease" xlink:label="element814" />
        <label xlink:type="resource" xlink:label="label814" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinorityInterestPeriodIncreaseDecrease_en-US">Minority Interest Period Increase Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element814" xlink:to="label814" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestPeriodIncreaseDecrease" xlink:label="element815" />
        <label xlink:type="resource" xlink:label="label815" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MinorityInterestPeriodIncreaseDecrease_en-US">Change in noncontrolling interest in subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element815" xlink:to="label815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="element816" />
        <label xlink:type="resource" xlink:label="label816" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MortgageBackedSecuritiesMember_en-US">Mortgage-backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element816" xlink:to="label816" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="element817" />
        <label xlink:type="resource" xlink:label="label817" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MunicipalBondsMember_en-US">Municipal Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element817" xlink:to="label817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="element818" />
        <label xlink:type="resource" xlink:label="label818" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MunicipalBondsMember_en-US">General obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element818" xlink:to="label818" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="element819" />
        <label xlink:type="resource" xlink:label="label819" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NatureOfOperations_en-US">Nature Of Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element819" xlink:to="label819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="element820" />
        <label xlink:type="resource" xlink:label="label820" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NatureOfOperations_en-US">Business Developments and Risks and Uncertainties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element820" xlink:to="label820" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="element821" />
        <label xlink:type="resource" xlink:label="label821" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_en-US">Net Cash Provided By Used In Financing Activities Continuing Opeations [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element821" xlink:to="label821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="element822" />
        <label xlink:type="resource" xlink:label="label822" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_en-US">Cash flows from financing activities:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element822" xlink:to="label822" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element823" />
        <label xlink:type="resource" xlink:label="label823" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLoss_en-US">Net Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element823" xlink:to="label823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element824" />
        <label xlink:type="resource" xlink:label="label824" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLoss_en-US">Net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element824" xlink:to="label824" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element825" />
        <label xlink:type="resource" xlink:label="label825" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLoss_en-US">Net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element825" xlink:to="label825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element826" />
        <label xlink:type="resource" xlink:label="label826" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NetIncomeLoss_en-US">Net income (loss) available to common shareholders - basic and diluted, as reported</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element826" xlink:to="label826" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element827" />
        <label xlink:type="resource" xlink:label="label827" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NetIncomeLoss_en-US">Net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element827" xlink:to="label827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="element828" />
        <label xlink:type="resource" xlink:label="label828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_en-US">Net Cash Provided By Used In Operating Activities Continuing Operations [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element828" xlink:to="label828" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="element829" />
        <label xlink:type="resource" xlink:label="label829" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_en-US">Cash flows from operating activities:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element829" xlink:to="label829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element830" />
        <label xlink:type="resource" xlink:label="label830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US">Net income (loss) available to common stockholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element830" xlink:to="label830" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element831" />
        <label xlink:type="resource" xlink:label="label831" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US">Net income (loss) available to common stockholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element831" xlink:to="label831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element832" />
        <label xlink:type="resource" xlink:label="label832" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US">Net income (loss) available to common stockholders - basic, as revised</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element832" xlink:to="label832" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="element833" />
        <label xlink:type="resource" xlink:label="label833" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_en-US">Net Cash Provided By Used In Operating Activities Continuing Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element833" xlink:to="label833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="element834" />
        <label xlink:type="resource" xlink:label="label834" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_en-US">Net cash provided (used) by operating activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element834" xlink:to="label834" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="element835" />
        <label xlink:type="resource" xlink:label="label835" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_en-US">NetIncomeLossAvailableToCommonStockholdersDiluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element835" xlink:to="label835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="element836" />
        <label xlink:type="resource" xlink:label="label836" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_en-US">Net income (loss) available to common stockholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element836" xlink:to="label836" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="element837" />
        <label xlink:type="resource" xlink:label="label837" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_en-US">Net income (loss) available to common stockholders - diluted, as revised</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element837" xlink:to="label837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="element838" />
        <label xlink:type="resource" xlink:label="label838" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_en-US">Net Cash Provided By Used In Financing Activities Continuing Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element838" xlink:to="label838" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="element841" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="element843" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="element844" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="element845" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="element846" />
        <label xlink:type="resource" xlink:label="label846" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_en-US">New Accounting Pronouncements And Changes In Accounting Principles [Text Block]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="element847" />
        <label xlink:type="resource" xlink:label="label847" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_en-US">Recent Accounting Pronouncements</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="element848" />
        <label xlink:type="resource" xlink:label="label848" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_en-US">New Accounting Pronouncements Policy Policy [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element848" xlink:to="label848" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="element849" />
        <label xlink:type="resource" xlink:label="label849" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_en-US">Recently Adopted Accounting Standards</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="element850" />
        <label xlink:type="resource" xlink:label="label850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesPayableFairValueDisclosure_en-US">Notes Payable Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element850" xlink:to="label850" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="element851" />
        <label xlink:type="resource" xlink:label="label851" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesPayableFairValueDisclosure_en-US">Medium-term notes, financial instruments carried at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element851" xlink:to="label851" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="element852" />
        <label xlink:type="resource" xlink:label="label852" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesPayableOtherPayablesMember_en-US">Notes Payable Other Payables [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element852" xlink:to="label852" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="element853" />
        <label xlink:type="resource" xlink:label="label853" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesPayableOtherPayablesMember_en-US">Variable Interest Entities Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element853" xlink:to="label853" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable" xlink:label="element854" />
        <label xlink:type="resource" xlink:label="label854" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesPayable_en-US">Notes Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element854" xlink:to="label854" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable" xlink:label="element855" />
        <label xlink:type="resource" xlink:label="label855" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesPayable_en-US">Variable interest entity notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element855" xlink:to="label855" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable" xlink:label="element856" />
        <label xlink:type="resource" xlink:label="label856" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NotesPayable_en-US">Variable interest entity notes (includes financial instruments carried at fair value of $2,653 and $2,047)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element856" xlink:to="label856" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="element857" />
        <label xlink:type="resource" xlink:label="label857" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NumberOfOperatingSegments_en-US">Number of operating segments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element857" xlink:to="label857" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="element858" />
        <label xlink:type="resource" xlink:label="label858" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NumberOfOperatingSegments_en-US">Number of operating segments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element858" xlink:to="label858" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeconsolidationGainOrLossAmount" xlink:label="element859" />
        <label xlink:type="resource" xlink:label="label859" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeconsolidationGainOrLossAmount_en-US">Deconsolidation Gain Or Loss Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element859" xlink:to="label859" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeconsolidationGainOrLossAmount" xlink:label="element860" />
        <label xlink:type="resource" xlink:label="label860" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeconsolidationGainOrLossAmount_en-US">Net realized gains (losses) related to deconsolidation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element860" xlink:to="label860" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="element861" />
        <label xlink:type="resource" xlink:label="label861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NondesignatedMember_en-US">Nondesignated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element861" xlink:to="label861" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="element862" />
        <label xlink:type="resource" xlink:label="label862" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NondesignatedMember_en-US">Not Designated as Hedging Instrument [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element862" xlink:to="label862" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OfficerMember" xlink:label="element863" />
        <label xlink:type="resource" xlink:label="label863" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OfficerMember_en-US">Officer [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element863" xlink:to="label863" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OfficerMember" xlink:label="element864" />
        <label xlink:type="resource" xlink:label="label864" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OfficerMember_en-US">Proxy Officers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element864" xlink:to="label864" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="element865" />
        <label xlink:type="resource" xlink:label="label865" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract_en-US">Operating Expenses [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element865" xlink:to="label865" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="element866" />
        <label xlink:type="resource" xlink:label="label866" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingExpensesAbstract_en-US">Expenses:</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="element867" />
        <label xlink:type="resource" xlink:label="label867" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingExpenses_en-US">Operating Expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element867" xlink:to="label867" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="element868" />
        <label xlink:type="resource" xlink:label="label868" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingExpenses_en-US">Operating</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element868" xlink:to="label868" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="element869" />
        <label xlink:type="resource" xlink:label="label869" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingSegmentsMember_en-US">Operating Segments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element869" xlink:to="label869" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="element870" />
        <label xlink:type="resource" xlink:label="label870" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_en-US">Operating leases future minimum payments due</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element870" xlink:to="label870" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="element871" />
        <label xlink:type="resource" xlink:label="label871" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLossCarryforwards_en-US">Operating Loss Carryforwards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element871" xlink:to="label871" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="element872" />
        <label xlink:type="resource" xlink:label="label872" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLossCarryforwards_en-US">NOL carryforward</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element872" xlink:to="label872" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:label="element873" />
        <label xlink:type="resource" xlink:label="label873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OptionIndexedToIssuersEquityTypeAxis_en-US">Option Indexed to Issuer's Equity, Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element873" xlink:to="label873" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:label="element874" />
        <label xlink:type="resource" xlink:label="label874" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OptionIndexedToIssuersEquityTypeDomain_en-US">Option Indexed to Issuer's Equity, Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element874" xlink:to="label874" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="element875" />
        <label xlink:type="resource" xlink:label="label875" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_en-US">Other-than-temporary impairments on available-for-sale securities: [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="element879" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="element880" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="element881" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element881" xlink:to="label881" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="element882" />
        <label xlink:type="resource" xlink:label="label882" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherCreditDerivativesMember_en-US">Other Credit Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element882" xlink:to="label882" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="element883" />
        <label xlink:type="resource" xlink:label="label883" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherCreditDerivativesMember_en-US">All Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element883" xlink:to="label883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax" xlink:label="element884" />
        <label xlink:type="resource" xlink:label="label884" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax_en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element884" xlink:to="label884" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax" xlink:label="element885" />
        <label xlink:type="resource" xlink:label="label885" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax_en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element885" xlink:to="label885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" xlink:label="element886" />
        <label xlink:type="resource" xlink:label="label886" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_en-US">OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element886" xlink:to="label886" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" xlink:label="element887" />
        <label xlink:type="resource" xlink:label="label887" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_en-US">Total</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" xlink:label="element888" />
        <label xlink:type="resource" xlink:label="label888" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element888" xlink:to="label888" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="element889" />
        <label xlink:type="resource" xlink:label="label889" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_en-US">Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element889" xlink:to="label889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="element890" />
        <label xlink:type="resource" xlink:label="label890" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_en-US">Other-than-temporary impairments recognized in accumulated other comprehensive income (loss)</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element891" />
        <label xlink:type="resource" xlink:label="label891" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element891" xlink:to="label891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element892" />
        <label xlink:type="resource" xlink:label="label892" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element892" xlink:to="label892" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element893" />
        <label xlink:type="resource" xlink:label="label893" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Less: Reclassification adjustments for (gains) losses included in net income (loss), net of tax of $29, $16 and $77</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element893" xlink:to="label893" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element894" />
        <label xlink:type="resource" xlink:label="label894" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element894" xlink:to="label894" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element895" />
        <label xlink:type="resource" xlink:label="label895" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element895" xlink:to="label895" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax" xlink:label="element896" />
        <label xlink:type="resource" xlink:label="label896" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax_en-US">OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element896" xlink:to="label896" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax" xlink:label="element897" />
        <label xlink:type="resource" xlink:label="label897" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element897" xlink:to="label897" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element898" />
        <label xlink:type="resource" xlink:label="label898" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US">Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element898" xlink:to="label898" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element899" />
        <label xlink:type="resource" xlink:label="label899" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US">Net investment losses related to other-than-temporary impairments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element899" xlink:to="label899" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element900" />
        <label xlink:type="resource" xlink:label="label900" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US">Net investment losses related to other-than-temporary impairments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element900" xlink:to="label900" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element901" />
        <label xlink:type="resource" xlink:label="label901" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US">Net investment losses related to other-than-temporary impairments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element901" xlink:to="label901" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCurrentAssetsMember" xlink:label="element902" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element902" xlink:to="label902" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCurrentAssetsMember" xlink:label="element903" />
        <label xlink:type="resource" xlink:label="label903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherCurrentAssetsMember_en-US">Other Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element903" xlink:to="label903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="element904" />
        <label xlink:type="resource" xlink:label="label904" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_en-US">OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element904" xlink:to="label904" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="element905" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element905" xlink:to="label905" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="element906" />
        <label xlink:type="resource" xlink:label="label906" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_en-US">Reclassification adjustments for (gains) losses, tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element906" xlink:to="label906" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="element907" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="element924" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold" xlink:label="element925" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold" xlink:label="element926" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" xlink:label="element941" />
        <label xlink:type="resource" xlink:label="label941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_en-US">Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element941" xlink:to="label941" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" xlink:label="element942" />
        <label xlink:type="resource" xlink:label="label942" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_en-US">Foreign currency translation, tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element942" xlink:to="label942" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" xlink:label="element943" />
        <label xlink:type="resource" xlink:label="label943" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element943" xlink:to="label943" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:label="element944" />
        <label xlink:type="resource" xlink:label="label944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_en-US">OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element944" xlink:to="label944" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:label="element945" />
        <label xlink:type="resource" xlink:label="label945" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_en-US">Foreign currency translation gains (losses)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element945" xlink:to="label945" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome" xlink:label="element946" />
        <label xlink:type="resource" xlink:label="label946" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherIncome_en-US">Other Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element946" xlink:to="label946" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome" xlink:label="element947" />
        <label xlink:type="resource" xlink:label="label947" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherIncome_en-US">Other net realized gains (losses)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element947" xlink:to="label947" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element948" />
        <label xlink:type="resource" xlink:label="label948" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US">Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element948" xlink:to="label948" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element949" />
        <label xlink:type="resource" xlink:label="label949" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US">Unrealized gains (losses) arising during the period, net of tax of $71, $96 and $10</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element949" xlink:to="label949" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element950" />
        <label xlink:type="resource" xlink:label="label950" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element950" xlink:to="label950" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element951" />
        <label xlink:type="resource" xlink:label="label951" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US">Unrealized gains (losses) arising during the period, net of tax of $35, $60 and $93</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element951" xlink:to="label951" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element952" />
        <label xlink:type="resource" xlink:label="label952" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xml:lang="en-US" id="positive_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element952" xlink:to="label952" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="element953" />
        <label xlink:type="resource" xlink:label="label953" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_en-US">Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element953" xlink:to="label953" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="element954" />
        <label xlink:type="resource" xlink:label="label954" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_en-US">Unrealized gains (losses), tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element954" xlink:to="label954" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="element955" />
        <label xlink:type="resource" xlink:label="label955" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element955" xlink:to="label955" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:label="element956" />
        <label xlink:type="resource" xlink:label="label956" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_en-US">OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element956" xlink:to="label956" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:label="element957" />
        <label xlink:type="resource" xlink:label="label957" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_en-US">Unrealized gains (losses) arising during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element957" xlink:to="label957" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLongTermInvestmentsMember" xlink:label="element958" />
        <label xlink:type="resource" xlink:label="label958" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLongTermInvestmentsMember_en-US">Other Long Term Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element958" xlink:to="label958" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLongTermInvestmentsMember" xlink:label="element959" />
        <label xlink:type="resource" xlink:label="label959" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherLongTermInvestmentsMember_en-US">Total Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element959" xlink:to="label959" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="element960" />
        <label xlink:type="resource" xlink:label="label960" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilities_en-US">Other Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element960" xlink:to="label960" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="element961" />
        <label xlink:type="resource" xlink:label="label961" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherLiabilities_en-US">Other liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element961" xlink:to="label961" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAggregatedInvestmentsMember" xlink:label="element962" />
        <label xlink:type="resource" xlink:label="label962" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherAggregatedInvestmentsMember_en-US">Other Aggregated Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element962" xlink:to="label962" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="element963" />
        <label xlink:type="resource" xlink:label="label963" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherAssetsMember_en-US">Other Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element963" xlink:to="label963" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="element964" />
        <label xlink:type="resource" xlink:label="label964" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherAssetsMember_en-US">Other Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element964" xlink:to="label964" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="element965" />
        <label xlink:type="resource" xlink:label="label965" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_en-US">Unrealized gains (losses) on available-for-sale securities: [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element965" xlink:to="label965" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="element966" />
        <label xlink:type="resource" xlink:label="label966" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_en-US">Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element966" xlink:to="label966" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="element967" />
        <label xlink:type="resource" xlink:label="label967" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_en-US">Total other comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element967" xlink:to="label967" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="element968" />
        <label xlink:type="resource" xlink:label="label968" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_en-US">Total other comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element968" xlink:to="label968" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="element969" />
        <label xlink:type="resource" xlink:label="label969" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_en-US">Net current period other comprehensive income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element969" xlink:to="label969" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="element970" />
        <label xlink:type="resource" xlink:label="label970" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesMember_en-US">Other Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element970" xlink:to="label970" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="element971" />
        <label xlink:type="resource" xlink:label="label971" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherLiabilitiesMember_en-US">Other Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element971" xlink:to="label971" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="element972" />
        <label xlink:type="resource" xlink:label="label972" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherInvestments_en-US">Other Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element972" xlink:to="label972" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="element973" />
        <label xlink:type="resource" xlink:label="label973" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherInvestments_en-US">Other investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element973" xlink:to="label973" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="element974" />
        <label xlink:type="resource" xlink:label="label974" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherInvestments_en-US">Other investments (includes investments at fair value of $13 and $13)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element974" xlink:to="label974" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="element975" />
        <label xlink:type="resource" xlink:label="label975" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProductsAndServicesDomain_en-US">Products And Services [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element975" xlink:to="label975" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="element977" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xlink:label="element978" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAmountInForce" xlink:label="element979" />
        <label xlink:type="resource" xlink:label="label979" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ParticipatingPoliciesAmountInForce_en-US">Insurance in Force</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="element980" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element980" xlink:to="label980" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="element981" />
        <label xlink:type="resource" xlink:label="label981" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForRepurchaseOfCommonStock_en-US">Purchases of treasury stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element981" xlink:to="label981" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:label="element982" />
        <label xlink:type="resource" xlink:label="label982" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForProceedsFromShortTermInvestments_en-US">Payments For Proceeds From Short Term Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element982" xlink:to="label982" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:label="element983" />
        <label xlink:type="resource" xlink:label="label983" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForProceedsFromShortTermInvestments_en-US">Sales, paydowns and maturities (purchases) of short-term investments, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element983" xlink:to="label983" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:label="element984" />
        <label xlink:type="resource" xlink:label="label984" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_en-US">Payments For Losses And Loss Adjustment Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element984" xlink:to="label984" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:label="element985" />
        <label xlink:type="resource" xlink:label="label985" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_en-US">Financial guarantee losses and loss adjustment expenses paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element985" xlink:to="label985" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:label="element986" />
        <label xlink:type="resource" xlink:label="label986" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_en-US">Tax charge related to restricted share awards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element986" xlink:to="label986" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForOperatingActivities" xlink:label="element987" />
        <label xlink:type="resource" xlink:label="label987" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForOperatingActivities_en-US">Payments For Operating Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element987" xlink:to="label987" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForOperatingActivities" xlink:label="element988" />
        <label xlink:type="resource" xlink:label="label988" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForOperatingActivities_en-US">Operating and employee related expenses paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element988" xlink:to="label988" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForOperatingActivities" xlink:label="element989" />
        <label xlink:type="resource" xlink:label="label989" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_PaymentsForOperatingActivities_en-US">Operating expenses paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element989" xlink:to="label989" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="element990" />
        <label xlink:type="resource" xlink:label="label990" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_en-US">Payments For Proceeds From Derivative Instrument Investing Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element990" xlink:to="label990" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="element991" />
        <label xlink:type="resource" xlink:label="label991" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_en-US">(Payments) proceeds for derivative settlements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element991" xlink:to="label991" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="element992" />
        <label xlink:type="resource" xlink:label="label992" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_en-US">PaymentsForProceedsFromOtherInvestingActivities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element992" xlink:to="label992" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="element993" />
        <label xlink:type="resource" xlink:label="label993" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_en-US">Other investing</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element993" xlink:to="label993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLoansReceivable" xlink:label="element994" />
        <label xlink:type="resource" xlink:label="label994" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireLoansReceivable_en-US">PaymentsToAcquireLoansReceivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element994" xlink:to="label994" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLoansReceivable" xlink:label="element995" />
        <label xlink:type="resource" xlink:label="label995" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireLoansReceivable_en-US">Purchases of loans receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element995" xlink:to="label995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="element996" />
        <label xlink:type="resource" xlink:label="label996" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_en-US">Payments To Acquire Available For Sale Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element996" xlink:to="label996" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="element997" />
        <label xlink:type="resource" xlink:label="label997" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_en-US">Purchases of available-for-sale investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element997" xlink:to="label997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="element998" />
        <label xlink:type="resource" xlink:label="label998" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_en-US">Purchase of non-controlling interest in an affiliate, net of cash received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element998" xlink:to="label998" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="element999" />
        <label xlink:type="resource" xlink:label="label999" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_en-US">Purchase of non-controlling interest in an affiliate, net of cash received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element999" xlink:to="label999" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="element1000" />
        <label xlink:type="resource" xlink:label="label1000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Payments To Acquire Property Plant And Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1000" xlink:to="label1000" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="element1001" />
        <label xlink:type="resource" xlink:label="label1001" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Capital expenditures</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1001" xlink:to="label1001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireHeldToMaturitySecurities" xlink:label="element1002" />
        <label xlink:type="resource" xlink:label="label1002" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_en-US">Purchase of held-to-maturity investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1002" xlink:to="label1002" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireHeldToMaturitySecurities" xlink:label="element1003" />
        <label xlink:type="resource" xlink:label="label1003" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_en-US">Purchase of held-to-maturity investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1003" xlink:to="label1003" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireOtherInvestments" xlink:label="element1004" />
        <label xlink:type="resource" xlink:label="label1004" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireOtherInvestments_en-US">Payments To Acquire Other Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1004" xlink:to="label1004" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireOtherInvestments" xlink:label="element1005" />
        <label xlink:type="resource" xlink:label="label1005" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireOtherInvestments_en-US">Purchases of other investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1005" xlink:to="label1005" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="element1006" />
        <label xlink:type="resource" xlink:label="label1006" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividends_en-US">Dividends paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1006" xlink:to="label1006" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="element1007" />
        <label xlink:type="resource" xlink:label="label1007" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividends_en-US">Dividends paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1007" xlink:to="label1007" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="element1008" />
        <label xlink:type="resource" xlink:label="label1008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToMinorityShareholders_en-US">Payments To Minority Shareholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1008" xlink:to="label1008" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="element1009" />
        <label xlink:type="resource" xlink:label="label1009" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToMinorityShareholders_en-US">Change in noncontrolling interest and (purchase)/redemption of subsidiary preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1009" xlink:to="label1009" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="element1010" />
        <label xlink:type="resource" xlink:label="label1010" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_en-US">Pension And Profit Sharing Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1010" xlink:to="label1010" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionExpense" xlink:label="element1011" />
        <label xlink:type="resource" xlink:label="label1011" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionExpense_en-US">Pension expense</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="element1013" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="element1014" />
        <label xlink:type="resource" xlink:label="label1014" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_en-US">Policyholder (Benefits) And Claims Incurred Net</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="element1015" />
        <label xlink:type="resource" xlink:label="label1015" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_en-US">Losses and LAE</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="element1016" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredGross" xlink:label="element1017" />
        <label xlink:type="resource" xlink:label="label1017" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PolicyholderBenefitsAndClaimsIncurredGross_en-US">Policyholder Benefits And Claims Incurred Gross</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredGross" xlink:label="element1018" />
        <label xlink:type="resource" xlink:label="label1018" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PolicyholderBenefitsAndClaimsIncurredGross_en-US">Loss adjustment expense incurred, gross</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="element1019" />
        <label xlink:type="resource" xlink:label="label1019" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockParOrStatedValuePerShare_en-US">Preferred Stock Par Or Stated Value Per Share</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="element1020" />
        <label xlink:type="resource" xlink:label="label1020" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockParOrStatedValuePerShare_en-US">Preferred stock, par value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1020" xlink:to="label1020" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1021" />
        <label xlink:type="resource" xlink:label="label1021" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockValue_en-US">Preferred Stock Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1021" xlink:to="label1021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1022" />
        <label xlink:type="resource" xlink:label="label1022" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockValue_en-US">Preferred stock, par value $1 per share; authorized shares--10,000,000; issued and outstanding--none</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1022" xlink:to="label1022" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1023" />
        <label xlink:type="resource" xlink:label="label1023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesIssued_en-US">Preferred stock shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1023" xlink:to="label1023" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1024" />
        <label xlink:type="resource" xlink:label="label1024" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockSharesIssued_en-US">Preferred stock, issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1024" xlink:to="label1024" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1025" />
        <label xlink:type="resource" xlink:label="label1025" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PreferredStockSharesIssued_en-US">Balance (in preferred stock shares) as of</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1025" xlink:to="label1025" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1026" />
        <label xlink:type="resource" xlink:label="label1026" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_PreferredStockSharesIssued_en-US">Balance (in preferred stock shares) as of</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1026" xlink:to="label1026" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="element1027" />
        <label xlink:type="resource" xlink:label="label1027" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesAuthorized_en-US">Preferred Stock Shares Authorized</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1027" xlink:to="label1027" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="element1028" />
        <label xlink:type="resource" xlink:label="label1028" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockSharesAuthorized_en-US">Preferred stock, authorized shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1028" xlink:to="label1028" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element1029" />
        <label xlink:type="resource" xlink:label="label1029" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesOutstanding_en-US">Preferred stock shares outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1029" xlink:to="label1029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element1030" />
        <label xlink:type="resource" xlink:label="label1030" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockSharesOutstanding_en-US">Preferred stock, outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1030" xlink:to="label1030" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="element1031" />
        <label xlink:type="resource" xlink:label="label1031" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockMember_en-US">Preferred Stock [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1031" xlink:to="label1031" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsWrittenNet" xlink:label="element1032" />
        <label xlink:type="resource" xlink:label="label1032" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PremiumsWrittenNet_en-US">Net Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1032" xlink:to="label1032" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsWrittenNet" xlink:label="element1033" />
        <label xlink:type="resource" xlink:label="label1033" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PremiumsWrittenNet_en-US">Net Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1033" xlink:to="label1033" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNet" xlink:label="element1034" />
        <label xlink:type="resource" xlink:label="label1034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PremiumsEarnedNet_en-US">Premiums Earned Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1034" xlink:to="label1034" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNet" xlink:label="element1035" />
        <label xlink:type="resource" xlink:label="label1035" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PremiumsEarnedNet_en-US">Premiums earned (net of ceded premiums of $4 and $2)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1035" xlink:to="label1035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xlink:label="element1036" />
        <label xlink:type="resource" xlink:label="label1036" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts_en-US">Premiums Earned Net Financial Guarantee Insurance Contracts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1036" xlink:to="label1036" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xlink:label="element1037" />
        <label xlink:type="resource" xlink:label="label1037" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts_en-US">Scheduled premiums earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1037" xlink:to="label1037" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="element1038" />
        <label xlink:type="resource" xlink:label="label1038" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PremiumsEarnedNetByBusinessAbstract_en-US">Premiums Earned Net By Business [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1038" xlink:to="label1038" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="element1039" />
        <label xlink:type="resource" xlink:label="label1039" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PremiumsEarnedNetByBusinessAbstract_en-US">Premiums earned:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1039" xlink:to="label1039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="element1040" />
        <label xlink:type="resource" xlink:label="label1040" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PremiumsReceivableAtCarryingValue_en-US">Premiums Receivable At Carrying Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1040" xlink:to="label1040" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="element1041" />
        <label xlink:type="resource" xlink:label="label1041" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PremiumsReceivableAtCarryingValue_en-US">Premiums receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1041" xlink:to="label1041" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="element1042" />
        <label xlink:type="resource" xlink:label="label1042" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PremiumsReceivableAtCarryingValue_en-US">Premiums Receivable, Beginning balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1042" xlink:to="label1042" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="element1043" />
        <label xlink:type="resource" xlink:label="label1043" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_PremiumsReceivableAtCarryingValue_en-US">Premiums Receivable, Ending balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1043" xlink:to="label1043" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="element1044" />
        <label xlink:type="resource" xlink:label="label1044" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfDebt_en-US">Net proceeds from issuance of debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1044" xlink:to="label1044" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="element1045" />
        <label xlink:type="resource" xlink:label="label1045" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_en-US">Proceeds From Payments For In Securities Sold Under Agreements To Repurchase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1045" xlink:to="label1045" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="element1046" />
        <label xlink:type="resource" xlink:label="label1046" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_en-US">Payments for securities sold under agreements to repurchase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1046" xlink:to="label1046" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities" xlink:label="element1047" />
        <label xlink:type="resource" xlink:label="label1047" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities_en-US">ProceedsFromSaleOfOtherAssetsInvestingActivities</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfMediumTermNotes" xlink:label="element1064" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities" xlink:label="element1066" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="element1067" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1067" xlink:to="label1067" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="element1068" />
        <label xlink:type="resource" xlink:label="label1068" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_en-US">Sales of available-for-sale investments</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="element1069" />
        <label xlink:type="resource" xlink:label="label1069" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_en-US">Disposal of capital assets</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1070" xlink:to="label1070" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:label="element1071" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="element1072" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1075" xlink:to="label1075" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1076" />
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        <label xlink:type="resource" xlink:label="label1078" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTextBlock_en-US">Property Plant And Equipment</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="element1129" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueOtherFinancialServices" xlink:label="element1131" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueOtherFinancialServices" xlink:label="element1132" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="element1133" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1133" xlink:to="label1133" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="element1134" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="element1135" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="element1136" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="element1137" />
        <label xlink:type="resource" xlink:label="label1137" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RevenuesAbstract_en-US">Revenues:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1137" xlink:to="label1137" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SurplusNotes" xlink:label="element1138" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1138" xlink:to="label1138" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="element1139" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="element1140" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1140" xlink:to="label1140" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="element1141" />
        <label xlink:type="resource" xlink:label="label1141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_en-US">Options exercisable in years</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="element1142" />
        <label xlink:type="resource" xlink:label="label1142" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_en-US">Weighted Average Remaining Contractual Life in Years, Stock Options Exercisable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1142" xlink:to="label1142" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="element1143" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1143" xlink:to="label1143" />
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        <label xlink:type="resource" xlink:label="label1144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScenarioPreviouslyReportedMember_en-US">Previously reported [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1144" xlink:to="label1144" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="element1145" />
        <label xlink:type="resource" xlink:label="label1145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScenarioForecastMember_en-US">Scenario Forecast [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1145" xlink:to="label1145" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="element1146" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1146" xlink:to="label1146" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1147" xlink:to="label1147" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="element1148" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="element1150" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="element1201" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="element1203" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="element1205" />
        <label xlink:type="resource" xlink:label="label1205" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_en-US">Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="element1206" />
        <label xlink:type="resource" xlink:label="label1206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_en-US">Schedule Of Accounts Notes Loans And Financing Receivable [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1206" xlink:to="label1206" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="element1207" />
        <label xlink:type="resource" xlink:label="label1207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1207" xlink:to="label1207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable" xlink:label="element1208" />
        <label xlink:type="resource" xlink:label="label1208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_en-US">Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1208" xlink:to="label1208" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSubsequentEventsTextBlock" xlink:label="element1209" />
        <label xlink:type="resource" xlink:label="label1209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfSubsequentEventsTextBlock_en-US">Schedule Of Subsequent Events [Text Block]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSubsequentEventsTextBlock" xlink:label="element1210" />
        <label xlink:type="resource" xlink:label="label1210" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfSubsequentEventsTextBlock_en-US">Subsequent Events</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="element1211" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1211" xlink:to="label1211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="element1212" />
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        <label xlink:type="resource" xlink:label="label1213" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1213" xlink:to="label1213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:label="element1214" />
        <label xlink:type="resource" xlink:label="label1214" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_en-US">Gross claim liability</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:label="element1215" />
        <label xlink:type="resource" xlink:label="label1215" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_en-US">Gross Undiscounted Claim Liability</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xlink:label="element1216" />
        <label xlink:type="resource" xlink:label="label1216" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xlink:label="element1217" />
        <label xlink:type="resource" xlink:label="label1217" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries_en-US">Less: Gross potential recoveries</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" xlink:label="element1219" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" xlink:label="element1220" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:label="element1230" />
        <label xlink:type="resource" xlink:label="label1230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:label="element1231" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:label="element1232" />
        <label xlink:type="resource" xlink:label="label1232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:label="element1233" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="element1234" />
        <label xlink:type="resource" xlink:label="label1234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="element1235" />
        <label xlink:type="resource" xlink:label="label1235" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_en-US">Total</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="element1236" />
        <label xlink:type="resource" xlink:label="label1236" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_en-US">Total</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:label="element1237" />
        <label xlink:type="resource" xlink:label="label1237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock_en-US">Outstanding Stock Options</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="element1238" />
        <label xlink:type="resource" xlink:label="label1238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1238" xlink:to="label1238" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="element1239" />
        <label xlink:type="resource" xlink:label="label1239" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_en-US">Outstanding Gross Principal</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="element1240" />
        <label xlink:type="resource" xlink:label="label1240" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_en-US">Principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1240" xlink:to="label1240" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="element1241" />
        <label xlink:type="resource" xlink:label="label1241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfVariableInterestEntitiesTable_en-US">Schedule Of Variable Interest Entities [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1241" xlink:to="label1241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="element1242" />
        <label xlink:type="resource" xlink:label="label1242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfVariableInterestEntitiesTable_en-US">Schedule of Variable Interest Entities [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1242" xlink:to="label1242" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="element1243" />
        <label xlink:type="resource" xlink:label="label1243" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_en-US">Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1243" xlink:to="label1243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="element1244" />
        <label xlink:type="resource" xlink:label="label1244" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_en-US">Effect Of Derivative Instruments On Consolidated Statements Of Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1244" xlink:to="label1244" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:label="element1245" />
        <label xlink:type="resource" xlink:label="label1245" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_en-US">Security Owned And Pledged As Collateral Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1245" xlink:to="label1245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:label="element1246" />
        <label xlink:type="resource" xlink:label="label1246" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_en-US">Fair value of securities pledged as collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1246" xlink:to="label1246" />
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        <label xlink:type="resource" xlink:label="label1247" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingAbstract_en-US">Segment Reporting [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1247" xlink:to="label1247" />
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        <label xlink:type="resource" xlink:label="label1248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingInformationLineItems_en-US">Segment Reporting Information [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1248" xlink:to="label1248" />
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        <label xlink:type="resource" xlink:label="label1249" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SegmentReportingInformationLineItems_en-US">Segment Reporting Information [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1249" xlink:to="label1249" />
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        <label xlink:type="resource" xlink:label="label1250" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentDomain_en-US">Segment [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1250" xlink:to="label1250" />
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        <label xlink:type="resource" xlink:label="label1251" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SegmentDomain_en-US">Segment [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1251" xlink:to="label1251" />
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        <label xlink:type="resource" xlink:label="label1252" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingDisclosureTextBlock_en-US">Segment Reporting Disclosure [Text Block]</label>
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        <label xlink:type="resource" xlink:label="label1253" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SegmentReportingDisclosureTextBlock_en-US">Business Segments</label>
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        <label xlink:type="resource" xlink:label="label1254" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentOperatingActivitiesDomain_en-US">Segment Operating Activities [Domain]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="element1255" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1255" xlink:to="label1255" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="element1257" />
        <label xlink:type="resource" xlink:label="label1257" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SegmentGeographicalDomain_en-US">Segment, Geographical [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1257" xlink:to="label1257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="element1258" />
        <label xlink:type="resource" xlink:label="label1258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SellingGeneralAndAdministrativeExpense_en-US">Selling General And Administrative Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1258" xlink:to="label1258" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="element1259" />
        <label xlink:type="resource" xlink:label="label1259" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SellingGeneralAndAdministrativeExpense_en-US">Operating</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1259" xlink:to="label1259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="element1260" />
        <label xlink:type="resource" xlink:label="label1260" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_SellingGeneralAndAdministrativeExpense_en-US">Operating</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1260" xlink:to="label1260" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeveranceCosts1" xlink:label="element1261" />
        <label xlink:type="resource" xlink:label="label1261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeveranceCosts1_en-US">Severance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1261" xlink:to="label1261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="element1262" />
        <label xlink:type="resource" xlink:label="label1262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_en-US">Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1262" xlink:to="label1262" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="element1263" />
        <label xlink:type="resource" xlink:label="label1263" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_en-US">Number of Restricted Shares Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1263" xlink:to="label1263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1264" />
        <label xlink:type="resource" xlink:label="label1264" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1264" xlink:to="label1264" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1265" />
        <label xlink:type="resource" xlink:label="label1265" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US">Granted, Weighted Average Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1265" xlink:to="label1265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="element1266" />
        <label xlink:type="resource" xlink:label="label1266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_en-US">Granted, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1266" xlink:to="label1266" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1267" />
        <label xlink:type="resource" xlink:label="label1267" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US">Other than options outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1267" xlink:to="label1267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1268" />
        <label xlink:type="resource" xlink:label="label1268" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US">Outstanding at beginning of year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1268" xlink:to="label1268" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1269" />
        <label xlink:type="resource" xlink:label="label1269" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US">Outstanding at end of year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1269" xlink:to="label1269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="element1270" />
        <label xlink:type="resource" xlink:label="label1270" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensation_en-US">Share based compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1270" xlink:to="label1270" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="element1271" />
        <label xlink:type="resource" xlink:label="label1271" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensation_en-US">Share-based compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1271" xlink:to="label1271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="element1272" />
        <label xlink:type="resource" xlink:label="label1272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_en-US">Vested</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1272" xlink:to="label1272" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="element1273" />
        <label xlink:type="resource" xlink:label="label1273" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_en-US">Vested</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1273" xlink:to="label1273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="element1274" />
        <label xlink:type="resource" xlink:label="label1274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_en-US">Long-term incentive awards vesting period, years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1274" xlink:to="label1274" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="element1275" />
        <label xlink:type="resource" xlink:label="label1275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1275" xlink:to="label1275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1276" />
        <label xlink:type="resource" xlink:label="label1276" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1276" xlink:to="label1276" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1277" />
        <label xlink:type="resource" xlink:label="label1277" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Outstanding at beginning of year, Weighted Average Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1277" xlink:to="label1277" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1278" />
        <label xlink:type="resource" xlink:label="label1278" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Outstanding at end of year, Weighted Average Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1278" xlink:to="label1278" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="element1279" />
        <label xlink:type="resource" xlink:label="label1279" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_en-US">Forfeited, Weighted Average Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1279" xlink:to="label1279" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="element1280" />
        <label xlink:type="resource" xlink:label="label1280" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_en-US">Forfeited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1280" xlink:to="label1280" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="element1281" />
        <label xlink:type="resource" xlink:label="label1281" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_en-US">Forfeited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1281" xlink:to="label1281" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="element1282" />
        <label xlink:type="resource" xlink:label="label1282" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_en-US">Expired or canceled, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1282" xlink:to="label1282" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="element1283" />
        <label xlink:type="resource" xlink:label="label1283" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_en-US">Exercised, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1283" xlink:to="label1283" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="element1284" />
        <label xlink:type="resource" xlink:label="label1284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_en-US">Number of options granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1284" xlink:to="label1284" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="element1285" />
        <label xlink:type="resource" xlink:label="label1285" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_en-US">Exercise price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1285" xlink:to="label1285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="element1286" />
        <label xlink:type="resource" xlink:label="label1286" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_en-US">Exercisable at end of year, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1286" xlink:to="label1286" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="element1287" />
        <label xlink:type="resource" xlink:label="label1287" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_en-US">Weighted Average Exercise Price, Stock Options Exercisable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1287" xlink:to="label1287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1288" />
        <label xlink:type="resource" xlink:label="label1288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_en-US">Vested, Weighted Average Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1288" xlink:to="label1288" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="element1289" />
        <label xlink:type="resource" xlink:label="label1289" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_en-US">Number of Options, Exercisable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1289" xlink:to="label1289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="element1290" />
        <label xlink:type="resource" xlink:label="label1290" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_en-US">Number of shares, exercisable at end of year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1290" xlink:to="label1290" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="element1291" />
        <label xlink:type="resource" xlink:label="label1291" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_en-US">Shares/units available for future grants</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1291" xlink:to="label1291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="element1292" />
        <label xlink:type="resource" xlink:label="label1292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_en-US">Total number of shares of common stock reserved and available for issuance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1292" xlink:to="label1292" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1293" />
        <label xlink:type="resource" xlink:label="label1293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US">Weighted average fair value per share of options granted during the year, Weighted Avg. Price per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1293" xlink:to="label1293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="element1294" />
        <label xlink:type="resource" xlink:label="label1294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_en-US">Options expired or canceled</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1294" xlink:to="label1294" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="element1295" />
        <label xlink:type="resource" xlink:label="label1295" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_en-US">Options expired or canceled</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1295" xlink:to="label1295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1296" />
        <label xlink:type="resource" xlink:label="label1296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Weighted Average Exercise Price, Stock Options Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1296" xlink:to="label1296" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1297" />
        <label xlink:type="resource" xlink:label="label1297" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Outstanding at beginning of year, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1297" xlink:to="label1297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1298" />
        <label xlink:type="resource" xlink:label="label1298" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Outstanding at end of year, weighted average price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1298" xlink:to="label1298" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="element1299" />
        <label xlink:type="resource" xlink:label="label1299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_en-US">Stock-Based Compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1299" xlink:to="label1299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1300" />
        <label xlink:type="resource" xlink:label="label1300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US">Number of Options, Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1300" xlink:to="label1300" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1301" />
        <label xlink:type="resource" xlink:label="label1301" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US">Number of shares, outstanding at beginning of year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1301" xlink:to="label1301" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1302" />
        <label xlink:type="resource" xlink:label="label1302" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US">Number of shares, outstanding at end of year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1302" xlink:to="label1302" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="element1303" />
        <label xlink:type="resource" xlink:label="label1303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1303" xlink:to="label1303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="element1304" />
        <label xlink:type="resource" xlink:label="label1304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_en-US">Aggregate Intrinsic Value, Stock Options Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1304" xlink:to="label1304" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="element1305" />
        <label xlink:type="resource" xlink:label="label1305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_en-US">Exercise Price Range [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1305" xlink:to="label1305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="element1306" />
        <label xlink:type="resource" xlink:label="label1306" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1306" xlink:to="label1306" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="element1307" />
        <label xlink:type="resource" xlink:label="label1307" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_en-US">Award Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1307" xlink:to="label1307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:label="element1308" />
        <label xlink:type="resource" xlink:label="label1308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_en-US">Range of Average Exercise Price, Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1308" xlink:to="label1308" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:label="element1309" />
        <label xlink:type="resource" xlink:label="label1309" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit_en-US">Range of Average Exercise Price, Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1309" xlink:to="label1309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="element1310" />
        <label xlink:type="resource" xlink:label="label1310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SignificantAccountingPoliciesTextBlock_en-US">Significant Accounting Policies [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1310" xlink:to="label1310" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="element1311" />
        <label xlink:type="resource" xlink:label="label1311" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SignificantAccountingPoliciesTextBlock_en-US">Significant Accounting Policies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1311" xlink:to="label1311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAARatingMember" xlink:label="element1312" />
        <label xlink:type="resource" xlink:label="label1312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAARatingMember_en-US">S&amp;P AA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1312" xlink:to="label1312" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAPlusRatingMember" xlink:label="element1313" />
        <label xlink:type="resource" xlink:label="label1313" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAPlusRatingMember_en-US">S&amp;P A+ [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1313" xlink:to="label1313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAAARatingMember" xlink:label="element1314" />
        <label xlink:type="resource" xlink:label="label1314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAAARatingMember_en-US">S&amp;P AAA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1314" xlink:to="label1314" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsARatingMember" xlink:label="element1315" />
        <label xlink:type="resource" xlink:label="label1315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsARatingMember_en-US">S&amp;P A [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1315" xlink:to="label1315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAMinusRatingMember" xlink:label="element1316" />
        <label xlink:type="resource" xlink:label="label1316" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAMinusRatingMember_en-US">S&amp;P A- [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1316" xlink:to="label1316" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAAMinusRatingMember" xlink:label="element1317" />
        <label xlink:type="resource" xlink:label="label1317" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAAMinusRatingMember_en-US">S&amp;P AA- [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1317" xlink:to="label1317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StandardPoorsAAPlusRatingMember" xlink:label="element1318" />
        <label xlink:type="resource" xlink:label="label1318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StandardPoorsAAPlusRatingMember_en-US">S&amp;P AA+ [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1318" xlink:to="label1318" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="element1319" />
        <label xlink:type="resource" xlink:label="label1319" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementOperatingActivitiesSegmentAxis_en-US">Statement Operating Activities Segment [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1319" xlink:to="label1319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="element1320" />
        <label xlink:type="resource" xlink:label="label1320" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StatementOperatingActivitiesSegmentAxis_en-US">Statement, Operating Activities Segment [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1320" xlink:to="label1320" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="element1321" />
        <label xlink:type="resource" xlink:label="label1321" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementScenarioAxis_en-US">Statement Scenario [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1321" xlink:to="label1321" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="element1322" />
        <label xlink:type="resource" xlink:label="label1322" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StatementScenarioAxis_en-US">Scenario [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1322" xlink:to="label1322" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="element1323" />
        <label xlink:type="resource" xlink:label="label1323" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementTable_en-US">Statement [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1323" xlink:to="label1323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="element1324" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="element1334" />
        <label xlink:type="resource" xlink:label="label1334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StatementOfFinancialPositionAbstract_en-US">Consolidated Balance Sheets</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="element1335" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="element1336" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount" xlink:label="element1337" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:label="element1338" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1338" xlink:to="label1338" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="element1339" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1339" xlink:to="label1339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="element1340" />
        <label xlink:type="resource" xlink:label="label1340" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_en-US">Share-based compensation (in shares)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1340" xlink:to="label1340" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="element1341" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1341" xlink:to="label1341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="element1342" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:label="element1343" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1343" xlink:to="label1343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="element1344" />
        <label xlink:type="resource" xlink:label="label1344" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_en-US">Stock Issued During Period Value Share Based Compensation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1344" xlink:to="label1344" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="element1345" />
        <label xlink:type="resource" xlink:label="label1345" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_en-US">Share-based compensation, net of tax of $9</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="element1346" />
        <label xlink:type="resource" xlink:label="label1346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_en-US">Equity:</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1347" />
        <label xlink:type="resource" xlink:label="label1347" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquity_en-US">Stockholders Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1347" xlink:to="label1347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1348" />
        <label xlink:type="resource" xlink:label="label1348" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockholdersEquity_en-US">Total shareholders' equity of MBIA Inc.</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1349" />
        <label xlink:type="resource" xlink:label="label1349" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_StockholdersEquity_en-US">Total shareholders' equity of MBIA Inc.</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1350" />
        <label xlink:type="resource" xlink:label="label1350" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_StockholdersEquity_en-US">Ending balance MBIA Inc. equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1350" xlink:to="label1350" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1351" />
        <label xlink:type="resource" xlink:label="label1351" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_StockholdersEquity_en-US">Beginning balance MBIA Inc. equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1351" xlink:to="label1351" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1352" />
        <label xlink:type="resource" xlink:label="label1352" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US">Stockholders Equity Including Portion Attributable To Noncontrolling Interest</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1353" />
        <label xlink:type="resource" xlink:label="label1353" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US">Balance as of</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1354" />
        <label xlink:type="resource" xlink:label="label1354" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US">Balance as of</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1354" xlink:to="label1354" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1355" />
        <label xlink:type="resource" xlink:label="label1355" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US">Total equity</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="element1356" />
        <label xlink:type="resource" xlink:label="label1356" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityNoteAbstract_en-US">Common And Preferred Stock [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="element1358" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="element1359" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="element1360" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="element1398" />
        <label xlink:type="resource" xlink:label="label1398" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TreasuryStockValue_en-US">Treasury Stock Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1398" xlink:to="label1398" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="element1399" />
        <label xlink:type="resource" xlink:label="label1399" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_TreasuryStockValue_en-US">Treasury stock, at cost--98,097,072 and 89,409,887 shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1399" xlink:to="label1399" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="element1400" />
        <label xlink:type="resource" xlink:label="label1400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnderlyingAssetClassDomain_en-US">Underlying Asset Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1400" xlink:to="label1400" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="element1401" />
        <label xlink:type="resource" xlink:label="label1401" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnderlyingAssetClassAxis_en-US">Underlying Asset Class [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1401" xlink:to="label1401" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:label="element1402" />
        <label xlink:type="resource" xlink:label="label1402" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_en-US">Less: Undistributed earnings allocated to participating securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1402" xlink:to="label1402" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsOfForeignSubsidiaries" xlink:label="element1403" />
        <label xlink:type="resource" xlink:label="label1403" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UndistributedEarningsOfForeignSubsidiaries_en-US">Undistributed earnings of foreign subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1403" xlink:to="label1403" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted" xlink:label="element1404" />
        <label xlink:type="resource" xlink:label="label1404" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_en-US">UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1404" xlink:to="label1404" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted" xlink:label="element1405" />
        <label xlink:type="resource" xlink:label="label1405" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_en-US">Less: Undistributed earnings allocated to participating securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1405" xlink:to="label1405" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="element1406" />
        <label xlink:type="resource" xlink:label="label1406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnearnedPremiums_en-US">Unearned Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1406" xlink:to="label1406" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="element1407" />
        <label xlink:type="resource" xlink:label="label1407" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnearnedPremiums_en-US">Unearned premium revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1407" xlink:to="label1407" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy" xlink:label="element1408" />
        <label xlink:type="resource" xlink:label="label1408" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy_en-US">Loss and Loss Adjustment Expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1408" xlink:to="label1408" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1409" />
        <label xlink:type="resource" xlink:label="label1409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrealizedGainLossOnDerivatives_en-US">Unrealized Gain Loss On Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1409" xlink:to="label1409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1410" />
        <label xlink:type="resource" xlink:label="label1410" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrealizedGainLossOnDerivatives_en-US">Unrealized (gains) losses on insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1410" xlink:to="label1410" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1411" />
        <label xlink:type="resource" xlink:label="label1411" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_UnrealizedGainLossOnDerivatives_en-US">Unrealized gains (losses) on insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1411" xlink:to="label1411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1412" />
        <label xlink:type="resource" xlink:label="label1412" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrealizedGainLossOnDerivatives_en-US">Unrealized (gains) losses on insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1412" xlink:to="label1412" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:label="element1413" />
        <label xlink:type="resource" xlink:label="label1413" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_en-US">Unrecognized Tax Benefits Income Tax Penalties And Interest Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1413" xlink:to="label1413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:label="element1414" />
        <label xlink:type="resource" xlink:label="label1414" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_en-US">Unrecognized tax benefits income tax penalties and interest expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1414" xlink:to="label1414" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1415" />
        <label xlink:type="resource" xlink:label="label1415" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_en-US">Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1415" xlink:to="label1415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1416" />
        <label xlink:type="resource" xlink:label="label1416" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_en-US">The gross amount of the increase in the UTB as a result of tax positions taken: During the current year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1416" xlink:to="label1416" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="element1417" />
        <label xlink:type="resource" xlink:label="label1417" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_en-US">Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1417" xlink:to="label1417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="element1418" />
        <label xlink:type="resource" xlink:label="label1418" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_en-US">The amounts of decreases in the UTB related to settlements with taxing authorities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1418" xlink:to="label1418" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1419" />
        <label xlink:type="resource" xlink:label="label1419" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_en-US">Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1419" xlink:to="label1419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1420" />
        <label xlink:type="resource" xlink:label="label1420" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_en-US">The gross amount of the decrease in the UTB as a result of tax positions taken: During the current year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1420" xlink:to="label1420" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1421" />
        <label xlink:type="resource" xlink:label="label1421" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions_en-US">Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1421" xlink:to="label1421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1422" />
        <label xlink:type="resource" xlink:label="label1422" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions_en-US">The gross amount of the decrease in the UTB as a result of tax positions taken: During a prior year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1422" xlink:to="label1422" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="element1423" />
        <label xlink:type="resource" xlink:label="label1423" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_en-US">Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1423" xlink:to="label1423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="element1424" />
        <label xlink:type="resource" xlink:label="label1424" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_en-US">The reduction in the UTB as a result of the applicable statute of limitations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1424" xlink:to="label1424" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1425" />
        <label xlink:type="resource" xlink:label="label1425" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefits_en-US">Unrecognized Tax Benefits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1425" xlink:to="label1425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1426" />
        <label xlink:type="resource" xlink:label="label1426" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_UnrecognizedTaxBenefits_en-US">Unrecognized tax benefit, Ending balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1426" xlink:to="label1426" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1427" />
        <label xlink:type="resource" xlink:label="label1427" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_UnrecognizedTaxBenefits_en-US">Unrecognized tax benefit, Beginning balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1427" xlink:to="label1427" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1428" />
        <label xlink:type="resource" xlink:label="label1428" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_en-US">Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1428" xlink:to="label1428" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1429" />
        <label xlink:type="resource" xlink:label="label1429" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_en-US">The gross amount of the increase in the UTB as a result of tax positions taken: During a prior year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1429" xlink:to="label1429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="element1430" />
        <label xlink:type="resource" xlink:label="label1430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_USStatesAndPoliticalSubdivisionsMember_en-US">US States And Political Subdivisions [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1430" xlink:to="label1430" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="element1431" />
        <label xlink:type="resource" xlink:label="label1431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_USStatesAndPoliticalSubdivisionsMember_en-US">State and municipal bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1431" xlink:to="label1431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="element1432" />
        <label xlink:type="resource" xlink:label="label1432" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_USTreasuryAndGovernmentMember_en-US">U S Treasury And Government [Member]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="element1438" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="element1439" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1439" xlink:to="label1439" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="element1440" />
        <label xlink:type="resource" xlink:label="label1440" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1440" xlink:to="label1440" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="element1441" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1441" xlink:to="label1441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="element1442" />
        <label xlink:type="resource" xlink:label="label1442" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_en-US">Identifiable assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1442" xlink:to="label1442" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="element1443" />
        <label xlink:type="resource" xlink:label="label1443" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_en-US">Variable Interest Entities By Classification Of Entity [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1443" xlink:to="label1443" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="element1444" />
        <label xlink:type="resource" xlink:label="label1444" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_en-US">Variable Interest Entities [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1444" xlink:to="label1444" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="element1445" />
        <label xlink:type="resource" xlink:label="label1445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_en-US">Variable Interest Entity Primary Beneficiary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1445" xlink:to="label1445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="element1446" />
        <label xlink:type="resource" xlink:label="label1446" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_en-US">Variable Interest Entity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1446" xlink:to="label1446" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="element1447" />
        <label xlink:type="resource" xlink:label="label1447" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_en-US">VIE Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1447" xlink:to="label1447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="element1448" />
        <label xlink:type="resource" xlink:label="label1448" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_en-US">Carrying amounts of liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1448" xlink:to="label1448" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="element1449" />
        <label xlink:type="resource" xlink:label="label1449" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_en-US">Total liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1449" xlink:to="label1449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="element1450" />
        <label xlink:type="resource" xlink:label="label1450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_en-US">Variable Interest Entity Entity Maximum Loss Exposure Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1450" xlink:to="label1450" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="element1451" />
        <label xlink:type="resource" xlink:label="label1451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_en-US">Maximum Exposure to Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1451" xlink:to="label1451" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="element1452" />
        <label xlink:type="resource" xlink:label="label1452" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityLineItems_en-US">Variable Interest Entity [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1452" xlink:to="label1452" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="element1453" />
        <label xlink:type="resource" xlink:label="label1453" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityLineItems_en-US">Variable Interest Entity [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1453" xlink:to="label1453" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xlink:label="element1454" />
        <label xlink:type="resource" xlink:label="label1454" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_en-US">Variable Interest Entity Initial Consolidation Gain Or Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1454" xlink:to="label1454" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xlink:label="element1455" />
        <label xlink:type="resource" xlink:label="label1455" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_en-US">Net realized gains (losses) related to the initial consolidation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1455" xlink:to="label1455" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="element1456" />
        <label xlink:type="resource" xlink:label="label1456" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_en-US">Variable Interest Entity Nonconsolidated Carrying Amount Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1456" xlink:to="label1456" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="element1457" />
        <label xlink:type="resource" xlink:label="label1457" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_en-US">VIE Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1457" xlink:to="label1457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WarrantMember" xlink:label="element1458" />
        <label xlink:type="resource" xlink:label="label1458" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WarrantMember_en-US">Warrant [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1458" xlink:to="label1458" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageMember" xlink:label="element1459" />
        <label xlink:type="resource" xlink:label="label1459" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageMember_en-US">Weighted Average [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1459" xlink:to="label1459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="element1460" />
        <label xlink:type="resource" xlink:label="label1460" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_en-US">Weighted Average Number Of Shares Outstanding [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1460" xlink:to="label1460" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="element1461" />
        <label xlink:type="resource" xlink:label="label1461" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_en-US">Weighted average number of common shares outstanding:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1461" xlink:to="label1461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1462" />
        <label xlink:type="resource" xlink:label="label1462" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">Weighted Average Number Of Shares Outstanding Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1462" xlink:to="label1462" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1463" />
        <label xlink:type="resource" xlink:label="label1463" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1463" xlink:to="label1463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1464" />
        <label xlink:type="resource" xlink:label="label1464" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">Basic weighted average shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1464" xlink:to="label1464" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1465" />
        <label xlink:type="resource" xlink:label="label1465" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Weighted Average Number Of Diluted Shares Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1465" xlink:to="label1465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1466" />
        <label xlink:type="resource" xlink:label="label1466" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1466" xlink:to="label1466" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1467" />
        <label xlink:type="resource" xlink:label="label1467" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Diluted weighted average shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1467" xlink:to="label1467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="element1468" />
        <label xlink:type="resource" xlink:label="label1468" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_AmendmentFlag_en-US">Amendment Flag</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateCdoLossAndLaeReserves" xlink:label="element1513" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateITDCreditImpairmentOnCmbsDerivatives" xlink:label="element1515" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateOfEstimatedPotentialRecoveries" xlink:label="element1517" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1517" xlink:to="label1517" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateOfEstimatedPotentialRecoveries" xlink:label="element1518" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateOfEstimatedPotentialRecoveries" xlink:label="element1519" />
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        <label xlink:type="resource" xlink:label="label1520" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AllOtherEmbeddedMember_en-US">All Other Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1520" xlink:to="label1520" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherEmbeddedMember" xlink:label="element1521" />
        <label xlink:type="resource" xlink:label="label1521" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AllOtherEmbeddedMember_en-US">All Other Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1521" xlink:to="label1521" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherEmbeddedMember" xlink:label="element1522" />
        <label xlink:type="resource" xlink:label="label1522" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AllOtherEmbeddedMember_en-US">All Other-Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1522" xlink:to="label1522" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherSecuritiesMember" xlink:label="element1523" />
        <label xlink:type="resource" xlink:label="label1523" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AllOtherSecuritiesMember_en-US">All Other Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1523" xlink:to="label1523" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherSecuritiesMember" xlink:label="element1524" />
        <label xlink:type="resource" xlink:label="label1524" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AllOtherSecuritiesMember_en-US">All Other Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1524" xlink:to="label1524" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherSecuritiesMember" xlink:label="element1525" />
        <label xlink:type="resource" xlink:label="label1525" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AllOtherSecuritiesMember_en-US">All Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1525" xlink:to="label1525" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherVIEMember" xlink:label="element1526" />
        <label xlink:type="resource" xlink:label="label1526" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AllOtherVIEMember_en-US">All Other V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1526" xlink:to="label1526" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherVIEMember" xlink:label="element1527" />
        <label xlink:type="resource" xlink:label="label1527" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AllOtherVIEMember_en-US">All Other V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1527" xlink:to="label1527" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherVIEMember" xlink:label="element1528" />
        <label xlink:type="resource" xlink:label="label1528" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AllOtherVIEMember_en-US">All Other-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1528" xlink:to="label1528" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AltMember" xlink:label="element1529" />
        <label xlink:type="resource" xlink:label="label1529" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AltMember_en-US">ALT-A [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1529" xlink:to="label1529" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AltMember" xlink:label="element1530" />
        <label xlink:type="resource" xlink:label="label1530" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AltMember_en-US">Alt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1530" xlink:to="label1530" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AltMember" xlink:label="element1531" />
        <label xlink:type="resource" xlink:label="label1531" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AltMember_en-US">ALT-A [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1531" xlink:to="label1531" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans" xlink:label="element1532" />
        <label xlink:type="resource" xlink:label="label1532" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans_en-US">Amount Of Repurchase Request Resolved Related To Ineligible Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1532" xlink:to="label1532" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans" xlink:label="element1533" />
        <label xlink:type="resource" xlink:label="label1533" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans_en-US">Amount Of Repurchase Request Resolved Related To Ineligible Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1533" xlink:to="label1533" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans" xlink:label="element1534" />
        <label xlink:type="resource" xlink:label="label1534" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans_en-US">Bank of America repurchase requests resolved</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1534" xlink:to="label1534" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:label="element1535" />
        <label xlink:type="resource" xlink:label="label1535" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue_en-US">Approximate percentage of level 3 assets at fair value in total assets measured at fair value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1535" xlink:to="label1535" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:label="element1536" />
        <label xlink:type="resource" xlink:label="label1536" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue_en-US">Approximate Percentage Of Level 3 Assets At Fair Value In Total Assets Measured At Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1536" xlink:to="label1536" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:label="element1537" />
        <label xlink:type="resource" xlink:label="label1537" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue_en-US">Percentage of level 3 assets at fair value in total assets measured at fair value value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1537" xlink:to="label1537" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:label="element1538" />
        <label xlink:type="resource" xlink:label="label1538" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue_en-US">Approximate percentage of level 3 liabilities at fair value in total liabilities measured at fair value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1538" xlink:to="label1538" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:label="element1539" />
        <label xlink:type="resource" xlink:label="label1539" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue_en-US">Approximate Percentage Of Level 3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1539" xlink:to="label1539" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:label="element1540" />
        <label xlink:type="resource" xlink:label="label1540" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue_en-US">Percentage of level 3 liabilities at fair value in total liabilities measured at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1540" xlink:to="label1540" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsBusinessMember" xlink:label="element1541" />
        <label xlink:type="resource" xlink:label="label1541" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetLiabilityProductsBusinessMember_en-US">Asset Liability Products Business [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1541" xlink:to="label1541" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsBusinessMember" xlink:label="element1542" />
        <label xlink:type="resource" xlink:label="label1542" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssetLiabilityProductsBusinessMember_en-US">Asset Liability Products Business [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1542" xlink:to="label1542" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsBusinessMember" xlink:label="element1543" />
        <label xlink:type="resource" xlink:label="label1543" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssetLiabilityProductsBusinessMember_en-US">Asset / Liability Products [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1543" xlink:to="label1543" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock" xlink:label="element1544" />
        <label xlink:type="resource" xlink:label="label1544" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock_en-US">Asset Liability Products Credit Spread Sensitivity [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1544" xlink:to="label1544" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock" xlink:label="element1545" />
        <label xlink:type="resource" xlink:label="label1545" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock_en-US">Asset Liability Products Credit Spread Sensitivity Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1545" xlink:to="label1545" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock" xlink:label="element1546" />
        <label xlink:type="resource" xlink:label="label1546" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock_en-US">Change In Credit Spreads (Asset/Liability Products Business)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1546" xlink:to="label1546" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsMember" xlink:label="element1547" />
        <label xlink:type="resource" xlink:label="label1547" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetLiabilityProductsMember_en-US">Asset/Liability Products [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1547" xlink:to="label1547" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsMember" xlink:label="element1548" />
        <label xlink:type="resource" xlink:label="label1548" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssetLiabilityProductsMember_en-US">Asset Liability Products [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1548" xlink:to="label1548" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsMember" xlink:label="element1549" />
        <label xlink:type="resource" xlink:label="label1549" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssetLiabilityProductsMember_en-US">Asset/Liability Products [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1549" xlink:to="label1549" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsOfConsolidatedVIEsMember" xlink:label="element1550" />
        <label xlink:type="resource" xlink:label="label1550" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetsOfConsolidatedVIEsMember_en-US">Assets of Consolidated VIEs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1550" xlink:to="label1550" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsOfConsolidatedVIEsMember" xlink:label="element1551" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1551" xlink:to="label1551" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsOfConsolidatedVIEsMember" xlink:label="element1552" />
        <label xlink:type="resource" xlink:label="label1552" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssetsOfConsolidatedVIEsMember_en-US">Assets Of Consolidated VIEs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1552" xlink:to="label1552" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForLoans" xlink:label="element1553" />
        <label xlink:type="resource" xlink:label="label1553" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssumedRollRateForLoans_en-US">Assumed Roll Rate For Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1553" xlink:to="label1553" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForLoans" xlink:label="element1554" />
        <label xlink:type="resource" xlink:label="label1554" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssumedRollRateForLoans_en-US">Assumed Roll Rate For Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1554" xlink:to="label1554" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForLoans" xlink:label="element1555" />
        <label xlink:type="resource" xlink:label="label1555" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssumedRollRateForLoans_en-US">Assumed roll rate for loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1555" xlink:to="label1555" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned" xlink:label="element1556" />
        <label xlink:type="resource" xlink:label="label1556" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned_en-US">Assumed roll rate for ninety plus day delinquent loans exluding foreclosure and real estate owned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1556" xlink:to="label1556" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned" xlink:label="element1557" />
        <label xlink:type="resource" xlink:label="label1557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned_en-US">Assumed Roll Rate For Ninety Plus Day Delinquent Loans Excluding Foreclosure And Real Estate Owned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1557" xlink:to="label1557" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned" xlink:label="element1558" />
        <label xlink:type="resource" xlink:label="label1558" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned_en-US">Assumed roll rate for ninety plus day delinquent loans excluding foreclosure and real estate owned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1558" xlink:to="label1558" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange" xlink:label="element1559" />
        <label xlink:type="resource" xlink:label="label1559" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange_en-US">Represents the range of inputs/assumptions used to calculate current level of credit protection (subordination) for the securities, expressed as a percentage of total current underlying loan balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1559" xlink:to="label1559" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange" xlink:label="element1560" />
        <label xlink:type="resource" xlink:label="label1560" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange_en-US">Assumption For Measurement Of Current Subordination Levels Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1560" xlink:to="label1560" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange" xlink:label="element1561" />
        <label xlink:type="resource" xlink:label="label1561" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange_en-US">Current subordination levels, Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1561" xlink:to="label1561" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange" xlink:label="element1562" />
        <label xlink:type="resource" xlink:label="label1562" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange_en-US">Represents the range of inputs/assumptions used to calculate future expected credit losses on impaired assets expressed as a percentage of total current outstanding balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1562" xlink:to="label1562" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange" xlink:label="element1563" />
        <label xlink:type="resource" xlink:label="label1563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange_en-US">Assumption For Measurement Of Expected Size Of Losses Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1563" xlink:to="label1563" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange" xlink:label="element1564" />
        <label xlink:type="resource" xlink:label="label1564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange_en-US">Expected size of losses, Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1564" xlink:to="label1564" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfPrepaymentSpeedRange" xlink:label="element1565" />
        <label xlink:type="resource" xlink:label="label1565" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssumptionForMeasurementOfPrepaymentSpeedRange_en-US">Represents the range of inputs/assumptions used to calculate the high and low points of lifetime vectors of constant prepayment rates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1565" xlink:to="label1565" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfPrepaymentSpeedRange" xlink:label="element1566" />
        <label xlink:type="resource" xlink:label="label1566" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssumptionForMeasurementOfPrepaymentSpeedRange_en-US">Assumption For Measurement Of Prepayment Speed Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1566" xlink:to="label1566" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssumptionForMeasurementOfPrepaymentSpeedRange" xlink:label="element1567" />
        <label xlink:type="resource" xlink:label="label1567" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssumptionForMeasurementOfPrepaymentSpeedRange_en-US">Prepayment speed (annual constant prepayment rate), Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1567" xlink:to="label1567" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankruptcyMember" xlink:label="element1568" />
        <label xlink:type="resource" xlink:label="label1568" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BankruptcyMember_en-US">Bankruptcy [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1568" xlink:to="label1568" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankruptcyMember" xlink:label="element1569" />
        <label xlink:type="resource" xlink:label="label1569" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BankruptcyMember_en-US">Bankruptcy [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1569" xlink:to="label1569" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankruptcyMember" xlink:label="element1570" />
        <label xlink:type="resource" xlink:label="label1570" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_BankruptcyMember_en-US">Bankruptcy [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1570" xlink:to="label1570" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BelowInvestmentGradeMember" xlink:label="element1571" />
        <label xlink:type="resource" xlink:label="label1571" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BelowInvestmentGradeMember_en-US">Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1571" xlink:to="label1571" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BelowInvestmentGradeMember" xlink:label="element1572" />
        <label xlink:type="resource" xlink:label="label1572" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BelowInvestmentGradeMember_en-US">Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1572" xlink:to="label1572" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BelowInvestmentGradeMember" xlink:label="element1573" />
        <label xlink:type="resource" xlink:label="label1573" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_BelowInvestmentGradeMember_en-US">Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1573" xlink:to="label1573" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BETValuationModelMember" xlink:label="element1574" />
        <label xlink:type="resource" xlink:label="label1574" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BETValuationModelMember_en-US">B E T Valuation Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1574" xlink:to="label1574" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BETValuationModelMember" xlink:label="element1575" />
        <label xlink:type="resource" xlink:label="label1575" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BETValuationModelMember_en-US">B E T Valuation Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1575" xlink:to="label1575" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BETValuationModelMember" xlink:label="element1576" />
        <label xlink:type="resource" xlink:label="label1576" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_BETValuationModelMember_en-US">BET Valuation Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1576" xlink:to="label1576" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BETValuationModelMember" xlink:label="element1577" />
        <label xlink:type="resource" xlink:label="label1577" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_mbi_BETValuationModelMember_en-US">BET Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1577" xlink:to="label1577" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BreachRateMember" xlink:label="element1578" />
        <label xlink:type="resource" xlink:label="label1578" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BreachRateMember_en-US">Breach Rate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1578" xlink:to="label1578" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BreachRateMember" xlink:label="element1579" />
        <label xlink:type="resource" xlink:label="label1579" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BreachRateMember_en-US">Breach Rate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1579" xlink:to="label1579" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BreachRateMember" xlink:label="element1580" />
        <label xlink:type="resource" xlink:label="label1580" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_BreachRateMember_en-US">Breach Rates [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1580" xlink:to="label1580" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CapitalLossesCarryForwardPeriodInYears" xlink:label="element1581" />
        <label xlink:type="resource" xlink:label="label1581" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CapitalLossesCarryForwardPeriodInYears_en-US">Capital losses carry forward period in years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1581" xlink:to="label1581" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CapitalLossesCarryForwardPeriodInYears" xlink:label="element1582" />
        <label xlink:type="resource" xlink:label="label1582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CapitalLossesCarryForwardPeriodInYears_en-US">Capital Losses Carry Forward Period In Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1582" xlink:to="label1582" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CapitalLossesCarryForwardPeriodInYears" xlink:label="element1583" />
        <label xlink:type="resource" xlink:label="label1583" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CapitalLossesCarryForwardPeriodInYears_en-US">Capital losses carryforward period in years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1583" xlink:to="label1583" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" xlink:label="element1584" />
        <label xlink:type="resource" xlink:label="label1584" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements_en-US">Cash And Money Market Securities Collateral for Investment Agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1584" xlink:to="label1584" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" xlink:label="element1585" />
        <label xlink:type="resource" xlink:label="label1585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements_en-US">Cash And Money Market Securities Collateral For Investment Agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1585" xlink:to="label1585" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" xlink:label="element1586" />
        <label xlink:type="resource" xlink:label="label1586" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements_en-US">Cash and money market securities pledged as collateral under investment agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1586" xlink:to="label1586" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListHighMember" xlink:label="element1587" />
        <label xlink:type="resource" xlink:label="label1587" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CautionListHighMember_en-US">Caution List High [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1587" xlink:to="label1587" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListHighMember" xlink:label="element1588" />
        <label xlink:type="resource" xlink:label="label1588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CautionListHighMember_en-US">Caution List High [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1588" xlink:to="label1588" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListHighMember" xlink:label="element1589" />
        <label xlink:type="resource" xlink:label="label1589" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CautionListHighMember_en-US">Caution List High [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1589" xlink:to="label1589" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListLowMember" xlink:label="element1590" />
        <label xlink:type="resource" xlink:label="label1590" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CautionListLowMember_en-US">Caution List Low [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1590" xlink:to="label1590" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListLowMember" xlink:label="element1591" />
        <label xlink:type="resource" xlink:label="label1591" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CautionListLowMember_en-US">Caution List Low [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1591" xlink:to="label1591" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListLowMember" xlink:label="element1592" />
        <label xlink:type="resource" xlink:label="label1592" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CautionListLowMember_en-US">Caution List Low [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1592" xlink:to="label1592" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListMediumMember" xlink:label="element1593" />
        <label xlink:type="resource" xlink:label="label1593" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CautionListMediumMember_en-US">Caution List Medium [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1593" xlink:to="label1593" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListMediumMember" xlink:label="element1594" />
        <label xlink:type="resource" xlink:label="label1594" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CautionListMediumMember_en-US">Caution List Medium [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1594" xlink:to="label1594" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CautionListMediumMember" xlink:label="element1595" />
        <label xlink:type="resource" xlink:label="label1595" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CautionListMediumMember_en-US">Caution List Medium [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1595" xlink:to="label1595" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CentralAndSouthAmericaMember" xlink:label="element1596" />
        <label xlink:type="resource" xlink:label="label1596" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CentralAndSouthAmericaMember_en-US">Central and South America [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1596" xlink:to="label1596" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CentralAndSouthAmericaMember" xlink:label="element1597" />
        <label xlink:type="resource" xlink:label="label1597" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CentralAndSouthAmericaMember_en-US">Central And South America [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1597" xlink:to="label1597" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CentralAndSouthAmericaMember" xlink:label="element1598" />
        <label xlink:type="resource" xlink:label="label1598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CentralAndSouthAmericaMember_en-US">Central And South America [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1598" xlink:to="label1598" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages" xlink:label="element1599" />
        <label xlink:type="resource" xlink:label="label1599" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_en-US">Change In Recoveries Of Actual And Expected Payments Related To Ineligible Mortgages</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1599" xlink:to="label1599" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages" xlink:label="element1600" />
        <label xlink:type="resource" xlink:label="label1600" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_en-US">Change In Recoveries Of Actual And Expected Payments Related To Ineligible Mortgages</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1600" xlink:to="label1600" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages" xlink:label="element1601" />
        <label xlink:type="resource" xlink:label="label1601" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_en-US">Change in recoveries of actual and expected payments primarily related to ineligible mortgages</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1601" xlink:to="label1601" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:label="element1602" />
        <label xlink:type="resource" xlink:label="label1602" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_en-US">Change In Unrealized Gains (Losses) For The Period Included In Earnings For Assets And Liabilities Still Held [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1602" xlink:to="label1602" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:label="element1603" />
        <label xlink:type="resource" xlink:label="label1603" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_en-US">Change In Unrealized Gains Losses For Period Included In Earnings For Assets And Liabilities Still Held [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1603" xlink:to="label1603" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:label="element1604" />
        <label xlink:type="resource" xlink:label="label1604" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_en-US">Change In Unrealized Gains (Losses) For The Period Included In Earnings For Assets And Liabilities Still Held [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1604" xlink:to="label1604" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock" xlink:label="element1605" />
        <label xlink:type="resource" xlink:label="label1605" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock_en-US">Changes In Fair Value Included In CompanyS Consolidated Income Statement For All Financial Instruments For Which Fair Value Option Was Elected [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1605" xlink:to="label1605" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock" xlink:label="element1606" />
        <label xlink:type="resource" xlink:label="label1606" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock_en-US">Changes In Fair Value Included In Company S Consolidated Income Statement For All Financial Instruments For Which Fair Value Option Was Elected [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1606" xlink:to="label1606" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock" xlink:label="element1607" />
        <label xlink:type="resource" xlink:label="label1607" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock_en-US">OLD Changes In Fair Value Included In The Company's Consolidated Statements Of Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1607" xlink:to="label1607" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChargedOffLoanRecoveryValue" xlink:label="element1608" />
        <label xlink:type="resource" xlink:label="label1608" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ChargedOffLoanRecoveryValue_en-US">Charged Off Loan Recovery Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1608" xlink:to="label1608" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChargedOffLoanRecoveryValue" xlink:label="element1609" />
        <label xlink:type="resource" xlink:label="label1609" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ChargedOffLoanRecoveryValue_en-US">Charged Off Loan Recovery Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1609" xlink:to="label1609" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChargedOffLoanRecoveryValue" xlink:label="element1610" />
        <label xlink:type="resource" xlink:label="label1610" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ChargedOffLoanRecoveryValue_en-US">Charged-off loans recovery values</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1610" xlink:to="label1610" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityAxis" xlink:label="element1611" />
        <label xlink:type="resource" xlink:label="label1611" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClaimLiabilityAxis_en-US">Claim Liability [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1611" xlink:to="label1611" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityAxis" xlink:label="element1612" />
        <label xlink:type="resource" xlink:label="label1612" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClaimLiabilityAxis_en-US">Claim Liability [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1612" xlink:to="label1612" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityAxis" xlink:label="element1613" />
        <label xlink:type="resource" xlink:label="label1613" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClaimLiabilityAxis_en-US">Claim Liability [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1613" xlink:to="label1613" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityDomain" xlink:label="element1614" />
        <label xlink:type="resource" xlink:label="label1614" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClaimLiabilityDomain_en-US">Claim Liability [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1614" xlink:to="label1614" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityDomain" xlink:label="element1615" />
        <label xlink:type="resource" xlink:label="label1615" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClaimLiabilityDomain_en-US">Claim Liability [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1615" xlink:to="label1615" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimLiabilityDomain" xlink:label="element1616" />
        <label xlink:type="resource" xlink:label="label1616" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClaimLiabilityDomain_en-US">Claim Liability [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1616" xlink:to="label1616" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimPayments" xlink:label="element1617" />
        <label xlink:type="resource" xlink:label="label1617" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClaimPayments_en-US">This element represents the gross amount of claim payments during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1617" xlink:to="label1617" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimPayments" xlink:label="element1618" />
        <label xlink:type="resource" xlink:label="label1618" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClaimPayments_en-US">Claim Payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1618" xlink:to="label1618" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClaimPayments" xlink:label="element1619" />
        <label xlink:type="resource" xlink:label="label1619" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClaimPayments_en-US">Claims payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1619" xlink:to="label1619" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedListMember" xlink:label="element1620" />
        <label xlink:type="resource" xlink:label="label1620" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClassifiedListMember_en-US">Classified List [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1620" xlink:to="label1620" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedListMember" xlink:label="element1621" />
        <label xlink:type="resource" xlink:label="label1621" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClassifiedListMember_en-US">Classified List [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1621" xlink:to="label1621" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedListMember" xlink:label="element1622" />
        <label xlink:type="resource" xlink:label="label1622" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClassifiedListMember_en-US">Classified List [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1622" xlink:to="label1622" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedMember" xlink:label="element1623" />
        <label xlink:type="resource" xlink:label="label1623" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClassifiedMember_en-US">Classified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1623" xlink:to="label1623" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedMember" xlink:label="element1624" />
        <label xlink:type="resource" xlink:label="label1624" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClassifiedMember_en-US">Classified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1624" xlink:to="label1624" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedMember" xlink:label="element1625" />
        <label xlink:type="resource" xlink:label="label1625" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClassifiedMember_en-US">Classified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1625" xlink:to="label1625" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusAxis" xlink:label="element1626" />
        <label xlink:type="resource" xlink:label="label1626" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClassifiedStatusAxis_en-US">Classified Status [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1626" xlink:to="label1626" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusAxis" xlink:label="element1627" />
        <label xlink:type="resource" xlink:label="label1627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClassifiedStatusAxis_en-US">Classified Status [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1627" xlink:to="label1627" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusAxis" xlink:label="element1628" />
        <label xlink:type="resource" xlink:label="label1628" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClassifiedStatusAxis_en-US">Classified Status [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1628" xlink:to="label1628" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusDomain" xlink:label="element1629" />
        <label xlink:type="resource" xlink:label="label1629" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ClassifiedStatusDomain_en-US">Classified Status [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1629" xlink:to="label1629" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusDomain" xlink:label="element1630" />
        <label xlink:type="resource" xlink:label="label1630" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ClassifiedStatusDomain_en-US">Classified Status [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1630" xlink:to="label1630" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ClassifiedStatusDomain" xlink:label="element1631" />
        <label xlink:type="resource" xlink:label="label1631" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ClassifiedStatusDomain_en-US">Classified Status [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1631" xlink:to="label1631" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CollectionsForCasesWithRecoveries" xlink:label="element1632" />
        <label xlink:type="resource" xlink:label="label1632" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CollectionsForCasesWithRecoveries_en-US">Cash receipts related to recoveries of previously paid claims</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1632" xlink:to="label1632" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CollectionsForCasesWithRecoveries" xlink:label="element1633" />
        <label xlink:type="resource" xlink:label="label1633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CollectionsForCasesWithRecoveries_en-US">Collections For Cases With Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1633" xlink:to="label1633" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CollectionsForCasesWithRecoveries" xlink:label="element1634" />
        <label xlink:type="resource" xlink:label="label1634" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_CollectionsForCasesWithRecoveries_en-US">Collections for Cases with Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1634" xlink:to="label1634" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialMortgageBackedSecuritiesSpreadsMember" xlink:label="element1635" />
        <label xlink:type="resource" xlink:label="label1635" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_en-US">Commercial Mortgage-Backed Securities Spreads [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1635" xlink:to="label1635" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialMortgageBackedSecuritiesSpreadsMember" xlink:label="element1636" />
        <label xlink:type="resource" xlink:label="label1636" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_en-US">Commercial Mortgage Backed Securities Spreads [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1636" xlink:to="label1636" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialMortgageBackedSecuritiesSpreadsMember" xlink:label="element1637" />
        <label xlink:type="resource" xlink:label="label1637" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_en-US">CMBS Spreads [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1637" xlink:to="label1637" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedGrossInsuredExposure" xlink:label="element1638" />
        <label xlink:type="resource" xlink:label="label1638" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CommutedGrossInsuredExposure_en-US">This element represents the gross insured exposure commuted duting the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1638" xlink:to="label1638" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedGrossInsuredExposure" xlink:label="element1639" />
        <label xlink:type="resource" xlink:label="label1639" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CommutedGrossInsuredExposure_en-US">Commuted Gross Insured Exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1639" xlink:to="label1639" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedGrossInsuredExposure" xlink:label="element1640" />
        <label xlink:type="resource" xlink:label="label1640" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CommutedGrossInsuredExposure_en-US">Commuted gross insured exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1640" xlink:to="label1640" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConduitsMember" xlink:label="element1641" />
        <label xlink:type="resource" xlink:label="label1641" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ConduitsMember_en-US">Conduits [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1641" xlink:to="label1641" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConduitsMember" xlink:label="element1642" />
        <label xlink:type="resource" xlink:label="label1642" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ConduitsMember_en-US">Conduits [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1642" xlink:to="label1642" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConduitsMember" xlink:label="element1643" />
        <label xlink:type="resource" xlink:label="label1643" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ConduitsMember_en-US">Conduit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1643" xlink:to="label1643" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsumerAssetBackedMember" xlink:label="element1644" />
        <label xlink:type="resource" xlink:label="label1644" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ConsumerAssetBackedMember_en-US">Consumer Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1644" xlink:to="label1644" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsumerAssetBackedMember" xlink:label="element1645" />
        <label xlink:type="resource" xlink:label="label1645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ConsumerAssetBackedMember_en-US">Consumer Asset Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1645" xlink:to="label1645" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsumerAssetBackedMember" xlink:label="element1646" />
        <label xlink:type="resource" xlink:label="label1646" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ConsumerAssetBackedMember_en-US">Consumer Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1646" xlink:to="label1646" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions" xlink:label="element1647" />
        <label xlink:type="resource" xlink:label="label1647" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions_en-US">Contract Claims On Ineligible Mortgage Loans Inception To Date Incurred Loss On Transactions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1647" xlink:to="label1647" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions" xlink:label="element1648" />
        <label xlink:type="resource" xlink:label="label1648" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions_en-US">Contract Claims On Ineligible Mortgage Loans Inception To Date Incurred Loss On Transactions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1648" xlink:to="label1648" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions" xlink:label="element1649" />
        <label xlink:type="resource" xlink:label="label1649" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions_en-US">Contract claims on ineligible mortgage loans inception to date, incurred loss on transactions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1649" xlink:to="label1649" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateAssetBackedMember" xlink:label="element1650" />
        <label xlink:type="resource" xlink:label="label1650" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CorporateAssetBackedMember_en-US">Corporate Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1650" xlink:to="label1650" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateAssetBackedMember" xlink:label="element1651" />
        <label xlink:type="resource" xlink:label="label1651" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CorporateAssetBackedMember_en-US">Corporate Asset Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1651" xlink:to="label1651" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateAssetBackedMember" xlink:label="element1652" />
        <label xlink:type="resource" xlink:label="label1652" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CorporateAssetBackedMember_en-US">Corporate Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1652" xlink:to="label1652" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateObligationMember" xlink:label="element1653" />
        <label xlink:type="resource" xlink:label="label1653" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CorporateObligationMember_en-US">Corporate Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1653" xlink:to="label1653" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateObligationMember" xlink:label="element1654" />
        <label xlink:type="resource" xlink:label="label1654" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CorporateObligationMember_en-US">Corporate Obligation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1654" xlink:to="label1654" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateObligationMember" xlink:label="element1655" />
        <label xlink:type="resource" xlink:label="label1655" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CorporateObligationMember_en-US">Corporate Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1655" xlink:to="label1655" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateOperationsMember" xlink:label="element1656" />
        <label xlink:type="resource" xlink:label="label1656" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CorporateOperationsMember_en-US">Corporate Operations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1656" xlink:to="label1656" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateOperationsMember" xlink:label="element1657" />
        <label xlink:type="resource" xlink:label="label1657" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CorporateOperationsMember_en-US">Corporate Operations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1657" xlink:to="label1657" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CorporateOperationsMember" xlink:label="element1658" />
        <label xlink:type="resource" xlink:label="label1658" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CorporateOperationsMember_en-US">Corporate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1658" xlink:to="label1658" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditDerivativesMember" xlink:label="element1659" />
        <label xlink:type="resource" xlink:label="label1659" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditDerivativesMember_en-US">Credit derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1659" xlink:to="label1659" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditDerivativesMember" xlink:label="element1660" />
        <label xlink:type="resource" xlink:label="label1660" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditDerivativesMember_en-US">Credit Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1660" xlink:to="label1660" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditDerivativesMember" xlink:label="element1661" />
        <label xlink:type="resource" xlink:label="label1661" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditDerivativesMember_en-US">Credit Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1661" xlink:to="label1661" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaaMember" xlink:label="element1662" />
        <label xlink:type="resource" xlink:label="label1662" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditRatingAaaMember_en-US">Credit Rating AAA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1662" xlink:to="label1662" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaaMember" xlink:label="element1663" />
        <label xlink:type="resource" xlink:label="label1663" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditRatingAaaMember_en-US">Credit Rating Aaa [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1663" xlink:to="label1663" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaaMember" xlink:label="element1664" />
        <label xlink:type="resource" xlink:label="label1664" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditRatingAaaMember_en-US">AAA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1664" xlink:to="label1664" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaMember" xlink:label="element1665" />
        <label xlink:type="resource" xlink:label="label1665" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditRatingAaMember_en-US">Credit Rating AA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1665" xlink:to="label1665" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaMember" xlink:label="element1666" />
        <label xlink:type="resource" xlink:label="label1666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditRatingAaMember_en-US">Credit Rating Aa [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1666" xlink:to="label1666" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingAaMember" xlink:label="element1667" />
        <label xlink:type="resource" xlink:label="label1667" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditRatingAaMember_en-US">AA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1667" xlink:to="label1667" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBbbMember" xlink:label="element1668" />
        <label xlink:type="resource" xlink:label="label1668" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditRatingBbbMember_en-US">Credit Rating BBB [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1668" xlink:to="label1668" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBbbMember" xlink:label="element1669" />
        <label xlink:type="resource" xlink:label="label1669" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditRatingBbbMember_en-US">Credit Rating Bbb [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1669" xlink:to="label1669" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBbbMember" xlink:label="element1670" />
        <label xlink:type="resource" xlink:label="label1670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditRatingBbbMember_en-US">BBB [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1670" xlink:to="label1670" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBelowInvestmentGradeMember" xlink:label="element1671" />
        <label xlink:type="resource" xlink:label="label1671" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditRatingBelowInvestmentGradeMember_en-US">Credit Rating Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1671" xlink:to="label1671" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBelowInvestmentGradeMember" xlink:label="element1672" />
        <label xlink:type="resource" xlink:label="label1672" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditRatingBelowInvestmentGradeMember_en-US">Credit Rating Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1672" xlink:to="label1672" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingBelowInvestmentGradeMember" xlink:label="element1673" />
        <label xlink:type="resource" xlink:label="label1673" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditRatingBelowInvestmentGradeMember_en-US">Below Investment Grade [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1673" xlink:to="label1673" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingaMember" xlink:label="element1674" />
        <label xlink:type="resource" xlink:label="label1674" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CreditRatingaMember_en-US">Credit Rating A [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1674" xlink:to="label1674" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingaMember" xlink:label="element1675" />
        <label xlink:type="resource" xlink:label="label1675" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CreditRatingaMember_en-US">Credit Ratinga [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1675" xlink:to="label1675" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CreditRatingaMember" xlink:label="element1676" />
        <label xlink:type="resource" xlink:label="label1676" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CreditRatingaMember_en-US">Credit Rating A [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1676" xlink:to="label1676" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="element1677" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1677" xlink:to="label1677" />
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        <label xlink:type="resource" xlink:label="label1680" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CurrencyDerivativesMember_en-US">Currency Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1680" xlink:to="label1680" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrencyDerivativesMember" xlink:label="element1681" />
        <label xlink:type="resource" xlink:label="label1681" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CurrencyDerivativesMember_en-US">Currency Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1681" xlink:to="label1681" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrencyDerivativesMember" xlink:label="element1682" />
        <label xlink:type="resource" xlink:label="label1682" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CurrencyDerivativesMember_en-US">Currency Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1682" xlink:to="label1682" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrencySwapsVieMember" xlink:label="element1683" />
        <label xlink:type="resource" xlink:label="label1683" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CurrencySwapsVieMember_en-US">Currency Swaps -VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1683" xlink:to="label1683" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrencySwapsVieMember" xlink:label="element1684" />
        <label xlink:type="resource" xlink:label="label1684" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CurrencySwapsVieMember_en-US">Currency Swaps Vie [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1684" xlink:to="label1684" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrencySwapsVieMember" xlink:label="element1685" />
        <label xlink:type="resource" xlink:label="label1685" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CurrencySwapsVieMember_en-US">Currency Swaps-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1685" xlink:to="label1685" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum" xlink:label="element1686" />
        <label xlink:type="resource" xlink:label="label1686" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum_en-US">Current Risk Free Rate Associated With Underlying Transaction, Range, Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1686" xlink:to="label1686" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum" xlink:label="element1687" />
        <label xlink:type="resource" xlink:label="label1687" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum_en-US">Current Risk Free Rate Associated With Underlying Transaction Range Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1687" xlink:to="label1687" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum" xlink:label="element1688" />
        <label xlink:type="resource" xlink:label="label1688" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum_en-US">Current risk-free rate associated with underlying transaction, range, maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1688" xlink:to="label1688" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum" xlink:label="element1689" />
        <label xlink:type="resource" xlink:label="label1689" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum_en-US">Current Risk Free Rate Associated With Underlying Transaction, Range, Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1689" xlink:to="label1689" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum" xlink:label="element1690" />
        <label xlink:type="resource" xlink:label="label1690" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum_en-US">Current Risk Free Rate Associated With Underlying Transaction Range Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1690" xlink:to="label1690" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum" xlink:label="element1691" />
        <label xlink:type="resource" xlink:label="label1691" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum_en-US">Current risk-free rate associated with underlying transaction, range, minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1691" xlink:to="label1691" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction" xlink:label="element1692" />
        <label xlink:type="resource" xlink:label="label1692" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction_en-US">Decrease In Percentage Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1692" xlink:to="label1692" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction" xlink:label="element1693" />
        <label xlink:type="resource" xlink:label="label1693" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction_en-US">Decrease In Percentage Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1693" xlink:to="label1693" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction" xlink:label="element1694" />
        <label xlink:type="resource" xlink:label="label1694" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction_en-US">Decrease in percentage of Current Roll to Loss for transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1694" xlink:to="label1694" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments" xlink:label="element1695" />
        <label xlink:type="resource" xlink:label="label1695" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments_en-US">The tax effect as of the balance sheet date of the amount of the estimated future tax deductions, before any related valuation allowance, arising from unrealized losses on available-for-sale securities which can only be deducted for tax purposes when the losses are realized.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1695" xlink:to="label1695" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments" xlink:label="element1696" />
        <label xlink:type="resource" xlink:label="label1696" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments_en-US">Deferred Tax Assets Unrealized Losses On Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1696" xlink:to="label1696" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments" xlink:label="element1697" />
        <label xlink:type="resource" xlink:label="label1697" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments_en-US">Deferred tax assets related to net unrealized losses on investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1697" xlink:to="label1697" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyBucketsDomain" xlink:label="element1698" />
        <label xlink:type="resource" xlink:label="label1698" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DelinquencyBucketsDomain_en-US">Delinquency Buckets [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1698" xlink:to="label1698" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyBucketsDomain" xlink:label="element1699" />
        <label xlink:type="resource" xlink:label="label1699" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DelinquencyBucketsDomain_en-US">Delinquency Buckets [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1699" xlink:to="label1699" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyBucketsDomain" xlink:label="element1700" />
        <label xlink:type="resource" xlink:label="label1700" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DelinquencyBucketsDomain_en-US">Delinquency Buckets [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1700" xlink:to="label1700" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodAxis" xlink:label="element1701" />
        <label xlink:type="resource" xlink:label="label1701" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DelinquencyPeriodAxis_en-US">Delinquency Period [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1701" xlink:to="label1701" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodAxis" xlink:label="element1702" />
        <label xlink:type="resource" xlink:label="label1702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DelinquencyPeriodAxis_en-US">Delinquency Period [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1702" xlink:to="label1702" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodAxis" xlink:label="element1703" />
        <label xlink:type="resource" xlink:label="label1703" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DelinquencyPeriodAxis_en-US">Delinquency Period [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1703" xlink:to="label1703" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays" xlink:label="element1704" />
        <label xlink:type="resource" xlink:label="label1704" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays_en-US">Delinquency Period Charged Off On A Transaction Specific Basis Days</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1704" xlink:to="label1704" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays" xlink:label="element1705" />
        <label xlink:type="resource" xlink:label="label1705" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays_en-US">Delinquency Period Charged Off On Transaction Specific Basis Days</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1705" xlink:to="label1705" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays" xlink:label="element1706" />
        <label xlink:type="resource" xlink:label="label1706" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays_en-US">Delinquency period charged off on transaction specific basis, days</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1706" xlink:to="label1706" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue" xlink:label="element1707" />
        <label xlink:type="resource" xlink:label="label1707" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue_en-US">Fair value of derivative Asset Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1707" xlink:to="label1707" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue" xlink:label="element1708" />
        <label xlink:type="resource" xlink:label="label1708" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Assets Designated As Hedging Instrument Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1708" xlink:to="label1708" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue" xlink:label="element1709" />
        <label xlink:type="resource" xlink:label="label1709" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Assets, Designated, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1709" xlink:to="label1709" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsMember" xlink:label="element1710" />
        <label xlink:type="resource" xlink:label="label1710" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetsMember_en-US">Derivative Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1710" xlink:to="label1710" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsMember" xlink:label="element1711" />
        <label xlink:type="resource" xlink:label="label1711" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetsMember_en-US">Derivative Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1711" xlink:to="label1711" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsMember" xlink:label="element1712" />
        <label xlink:type="resource" xlink:label="label1712" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeAssetsMember_en-US">Derivative Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1712" xlink:to="label1712" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1713" />
        <label xlink:type="resource" xlink:label="label1713" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue_en-US">Fair value of derivative Asset Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1713" xlink:to="label1713" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1714" />
        <label xlink:type="resource" xlink:label="label1714" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Assets Not Designated As Hedging Instrument Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1714" xlink:to="label1714" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1715" />
        <label xlink:type="resource" xlink:label="label1715" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Assets, Not designated, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1715" xlink:to="label1715" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsVIEMember" xlink:label="element1716" />
        <label xlink:type="resource" xlink:label="label1716" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetsVIEMember_en-US">Derivative Assets-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1716" xlink:to="label1716" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsVIEMember" xlink:label="element1717" />
        <label xlink:type="resource" xlink:label="label1717" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetsVIEMember_en-US">Derivative Assets V I E [Member]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsVIEMember" xlink:label="element1718" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1718" xlink:to="label1718" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" xlink:label="element1719" />
        <label xlink:type="resource" xlink:label="label1719" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting_en-US">Derivative Fair Value Of Derivative Asset Net Of Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1719" xlink:to="label1719" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" xlink:label="element1720" />
        <label xlink:type="resource" xlink:label="label1720" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting_en-US">Derivative Fair Value Of Derivative Asset Net Of Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1720" xlink:to="label1720" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" xlink:label="element1721" />
        <label xlink:type="resource" xlink:label="label1721" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting_en-US">Derivative assets, after counterparty netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1721" xlink:to="label1721" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" xlink:label="element1722" />
        <label xlink:type="resource" xlink:label="label1722" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass_en-US">Derivative Fair Value Of Derivative Assets Reported In Derivative Assets And Derivative Assets VIEs Net Of Counterparty Netting And Embedded Reclasses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1722" xlink:to="label1722" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" xlink:label="element1723" />
        <label xlink:type="resource" xlink:label="label1723" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass_en-US">Other Assets And Derivative Assets Vie After Counterparty Netting And Embedded Reclass</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1723" xlink:to="label1723" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" xlink:label="element1724" />
        <label xlink:type="resource" xlink:label="label1724" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass_en-US">Other assets and other assets of consolidated VIEs, after counterparty netting and embedded reclass</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1724" xlink:to="label1724" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" xlink:label="element1725" />
        <label xlink:type="resource" xlink:label="label1725" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting_en-US">Derivative Fair Value Of Derivative Liability Net Of Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1725" xlink:to="label1725" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" xlink:label="element1726" />
        <label xlink:type="resource" xlink:label="label1726" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting_en-US">Derivative Fair Value Of Derivative Liability Net Of Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1726" xlink:to="label1726" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" xlink:label="element1727" />
        <label xlink:type="resource" xlink:label="label1727" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting_en-US">Derivative liabilities, after counterparty netting and posting of cash collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1727" xlink:to="label1727" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue" xlink:label="element1728" />
        <label xlink:type="resource" xlink:label="label1728" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue_en-US">Fair value of derivative liability Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1728" xlink:to="label1728" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue" xlink:label="element1729" />
        <label xlink:type="resource" xlink:label="label1729" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Liabilities Designated As Hedging Instrument Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1729" xlink:to="label1729" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue" xlink:label="element1730" />
        <label xlink:type="resource" xlink:label="label1730" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Liabilities, Designated, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1730" xlink:to="label1730" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="element1731" />
        <label xlink:type="resource" xlink:label="label1731" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilitiesMember_en-US">Derivative Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1731" xlink:to="label1731" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="element1732" />
        <label xlink:type="resource" xlink:label="label1732" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilitiesMember_en-US">Derivative Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1732" xlink:to="label1732" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1733" />
        <label xlink:type="resource" xlink:label="label1733" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue_en-US">Fair value of derivative liability Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1733" xlink:to="label1733" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1734" />
        <label xlink:type="resource" xlink:label="label1734" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Liabilities Not Designated As Hedging Instrument Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1734" xlink:to="label1734" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:label="element1735" />
        <label xlink:type="resource" xlink:label="label1735" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue_en-US">Derivative Liabilities, Not designated, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1735" xlink:to="label1735" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesOtherInvestmentsMember" xlink:label="element1736" />
        <label xlink:type="resource" xlink:label="label1736" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilitiesOtherInvestmentsMember_en-US">Derivative Liabilities Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1736" xlink:to="label1736" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesOtherInvestmentsMember" xlink:label="element1737" />
        <label xlink:type="resource" xlink:label="label1737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilitiesOtherInvestmentsMember_en-US">Derivative Liabilities Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1737" xlink:to="label1737" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesOtherInvestmentsMember" xlink:label="element1738" />
        <label xlink:type="resource" xlink:label="label1738" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeLiabilitiesOtherInvestmentsMember_en-US">Derivative Liabilities, Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1738" xlink:to="label1738" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesVIEMember" xlink:label="element1739" />
        <label xlink:type="resource" xlink:label="label1739" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilitiesVIEMember_en-US">Derivative Liabilities VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1739" xlink:to="label1739" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesVIEMember" xlink:label="element1740" />
        <label xlink:type="resource" xlink:label="label1740" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilitiesVIEMember_en-US">Derivative Liabilities V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1740" xlink:to="label1740" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilitiesVIEMember" xlink:label="element1741" />
        <label xlink:type="resource" xlink:label="label1741" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeLiabilitiesVIEMember_en-US">Derivative Liabilities-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1741" xlink:to="label1741" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativesCededUnderReinsuranceAgreements" xlink:label="element1742" />
        <label xlink:type="resource" xlink:label="label1742" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativesCededUnderReinsuranceAgreements_en-US">Derivatives Ceded Under Reinsurance Agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1742" xlink:to="label1742" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativesCededUnderReinsuranceAgreements" xlink:label="element1743" />
        <label xlink:type="resource" xlink:label="label1743" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativesCededUnderReinsuranceAgreements_en-US">Derivatives Ceded Under Reinsurance Agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1743" xlink:to="label1743" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativesCededUnderReinsuranceAgreements" xlink:label="element1744" />
        <label xlink:type="resource" xlink:label="label1744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativesCededUnderReinsuranceAgreements_en-US">Insured derivatives ceded under reinsurance agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1744" xlink:to="label1744" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock" xlink:label="element1745" />
        <label xlink:type="resource" xlink:label="label1745" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock_en-US">Difference Between The Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1745" xlink:to="label1745" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock" xlink:label="element1746" />
        <label xlink:type="resource" xlink:label="label1746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock_en-US">Difference Between Aggregate Fair Value And Aggregate Remaining Contractual Principal For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1746" xlink:to="label1746" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock" xlink:label="element1747" />
        <label xlink:type="resource" xlink:label="label1747" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock_en-US">Difference Between Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1747" xlink:to="label1747" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DirectPriceModelMember" xlink:label="element1748" />
        <label xlink:type="resource" xlink:label="label1748" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DirectPriceModelMember_en-US">Direct Price Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1748" xlink:to="label1748" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DirectPriceModelMember" xlink:label="element1749" />
        <label xlink:type="resource" xlink:label="label1749" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DirectPriceModelMember_en-US">Direct Price Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1749" xlink:to="label1749" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DirectPriceModelMember" xlink:label="element1750" />
        <label xlink:type="resource" xlink:label="label1750" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DirectPriceModelMember_en-US">Direct Price Model [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1750" xlink:to="label1750" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="element1751" />
        <label xlink:type="resource" xlink:label="label1751" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_en-US">Disclosed At Fair Value Not Recorded At Fair Value [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1751" xlink:to="label1751" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="element1752" />
        <label xlink:type="resource" xlink:label="label1752" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_en-US">Disclosed At Fair Value Not Recorded At Fair Value [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1752" xlink:to="label1752" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="element1753" />
        <label xlink:type="resource" xlink:label="label1753" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_en-US">Disclosed At Fair Value Not Recorded At Fair Value [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1753" xlink:to="label1753" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="element1754" />
        <label xlink:type="resource" xlink:label="label1754" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_en-US">Disclosed At Fair Value Not Recorded At Fair Value [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1754" xlink:to="label1754" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="element1755" />
        <label xlink:type="resource" xlink:label="label1755" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_en-US">Disclosed At Fair Value Not Recorded At Fair Value [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1755" xlink:to="label1755" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="element1756" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsAbstract" xlink:label="element1769" />
        <label xlink:type="resource" xlink:label="label1769" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsAbstract_en-US">Disclosure - Derivative Instruments (Effect Of Derivative Instruments On Consolidated Statements Of Operations) [Abstract]</label>
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        <label xlink:type="resource" xlink:label="label1772" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureDerivativeInstrumentsNarrativeAbstract_en-US">Disclosure - Derivative Instruments (Narrative) [Abstract]</label>
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        <label xlink:type="resource" xlink:label="label1774" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureDerivativeInstrumentsNarrativeAbstract_en-US">Disclosure - Derivative Instruments (Narrative) [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract" xlink:label="element1775" />
        <label xlink:type="resource" xlink:label="label1775" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract_en-US">Disclosure - Derivative Instruments (Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting) [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract" xlink:label="element1776" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract" xlink:label="element1777" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureFairValueMeasurementChangesInFairValueIncludedInCompanysConsolidatedStatementsOfOperationsAbstract" xlink:label="element1781" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureFairValueMeasurementFairValueHierarchyTablePresentsCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnCompanysConsolidatedBalanceSheetAbstract" xlink:label="element1794" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureFairValueMeasurementFairValueHierarchyTablePresentsCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnCompanysConsolidatedBalanceSheetAbstract" xlink:label="element1795" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureFairValueMeasurementGainsAndLossesRealizedAndUnrealizedIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesAbstract" xlink:label="element1796" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureIncomeTaxesNarrativeAbstract" xlink:label="element1808" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureInvestmentIncomeAndGainsAndLossesSignificantInputsUsedInScheduleOfMeasurementOfCreditLossComponentRecognizedInEarningsForEachSignificantClassOfAssetBackedSecuritiesAbstract" xlink:label="element1811" />
        <label xlink:type="resource" xlink:label="label1811" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureInvestmentIncomeAndGainsAndLossesSignificantInputsUsedInScheduleOfMeasurementOfCreditLossComponentRecognizedInEarningsForEachSignificantClassOfAssetBackedSecuritiesAbstract_en-US">Disclosure - Investment Income And Gains And Losses (Significant Inputs Used In Schedule Of Measurement Of Credit Loss Component Recognized In Earnings For Each Significant Class Of ABS) [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract" xlink:label="element1824" />
        <label xlink:type="resource" xlink:label="label1824" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract_en-US">Disclosure Investments Securities Held In Unrealized Loss Position And Insured By Financial Guarantor And Related Insurance Loss Reserve On Company Insured Investments [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1824" xlink:to="label1824" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract" xlink:label="element1825" />
        <label xlink:type="resource" xlink:label="label1825" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract_en-US">Disclosure - Investments (Securities Held In Unrealized Loss Position And Insured By Financial Guarantor And The Related Insurance Loss Reserve On Company Insured Investments) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1825" xlink:to="label1825" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract" xlink:label="element1826" />
        <label xlink:type="resource" xlink:label="label1826" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Loss And LAE Activity) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1826" xlink:to="label1826" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract" xlink:label="element1827" />
        <label xlink:type="resource" xlink:label="label1827" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Loss And Loss Adjustment Expense Activity Narrative [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1827" xlink:to="label1827" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract" xlink:label="element1828" />
        <label xlink:type="resource" xlink:label="label1828" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Loss And LAE Activity) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1828" xlink:to="label1828" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract" xlink:label="element1829" />
        <label xlink:type="resource" xlink:label="label1829" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (RMBS Recoveries) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1829" xlink:to="label1829" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract" xlink:label="element1830" />
        <label xlink:type="resource" xlink:label="label1830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves R M B S Recoveries Narrative [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1830" xlink:to="label1830" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract" xlink:label="element1831" />
        <label xlink:type="resource" xlink:label="label1831" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (RMBS Recoveries) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1831" xlink:to="label1831" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract" xlink:label="element1832" />
        <label xlink:type="resource" xlink:label="label1832" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (RMBS Reserves) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1832" xlink:to="label1832" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract" xlink:label="element1833" />
        <label xlink:type="resource" xlink:label="label1833" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves R M B S Reserves Narrative [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1833" xlink:to="label1833" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract" xlink:label="element1834" />
        <label xlink:type="resource" xlink:label="label1834" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (RMBS Reserves) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1834" xlink:to="label1834" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract" xlink:label="element1835" />
        <label xlink:type="resource" xlink:label="label1835" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Expenses Related To Remedial Actions For Insured Obligations) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1835" xlink:to="label1835" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract" xlink:label="element1836" />
        <label xlink:type="resource" xlink:label="label1836" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Expenses Related To Remedial Actions For Insured Obligations [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1836" xlink:to="label1836" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract" xlink:label="element1837" />
        <label xlink:type="resource" xlink:label="label1837" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Expenses Related To Remedial Actions For Insured Obligations) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1837" xlink:to="label1837" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract" xlink:label="element1838" />
        <label xlink:type="resource" xlink:label="label1838" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1838" xlink:to="label1838" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract" xlink:label="element1839" />
        <label xlink:type="resource" xlink:label="label1839" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Financial Guarantees And Related Claim Liability [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1839" xlink:to="label1839" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract" xlink:label="element1840" />
        <label xlink:type="resource" xlink:label="label1840" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1840" xlink:to="label1840" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract" xlink:label="element1841" />
        <label xlink:type="resource" xlink:label="label1841" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1841" xlink:to="label1841" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract" xlink:label="element1842" />
        <label xlink:type="resource" xlink:label="label1842" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1842" xlink:to="label1842" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract" xlink:label="element1843" />
        <label xlink:type="resource" xlink:label="label1843" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1843" xlink:to="label1843" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract" xlink:label="element1844" />
        <label xlink:type="resource" xlink:label="label1844" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Loss And Loss Adjustment Expenses Reserves) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1844" xlink:to="label1844" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract" xlink:label="element1845" />
        <label xlink:type="resource" xlink:label="label1845" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Loss And Loss Adjustment Expenses Reserves [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1845" xlink:to="label1845" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract" xlink:label="element1846" />
        <label xlink:type="resource" xlink:label="label1846" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Loss And Loss Adjustment Expenses Reserves) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1846" xlink:to="label1846" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract" xlink:label="element1847" />
        <label xlink:type="resource" xlink:label="label1847" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Losses And Loss Adjustment Expenses) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1847" xlink:to="label1847" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract" xlink:label="element1848" />
        <label xlink:type="resource" xlink:label="label1848" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Losses And Loss Adjustment Expenses [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1848" xlink:to="label1848" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract" xlink:label="element1849" />
        <label xlink:type="resource" xlink:label="label1849" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Losses And Loss Adjustment Expenses) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1849" xlink:to="label1849" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract" xlink:label="element1850" />
        <label xlink:type="resource" xlink:label="label1850" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Present Value Of The Probability-Weighted Future Claim Payments And Recoveries) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1850" xlink:to="label1850" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract" xlink:label="element1851" />
        <label xlink:type="resource" xlink:label="label1851" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Present Value Of Probability Weighted Future Claim Payments And Recoveries [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1851" xlink:to="label1851" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract" xlink:label="element1852" />
        <label xlink:type="resource" xlink:label="label1852" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Present Value Of The Probability-Weighted Future Claim Payments And Recoveries) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1852" xlink:to="label1852" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract" xlink:label="element1853" />
        <label xlink:type="resource" xlink:label="label1853" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Total Estimated Recoveries From Ineligible Second-Lien Mortgage Loans) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1853" xlink:to="label1853" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract" xlink:label="element1854" />
        <label xlink:type="resource" xlink:label="label1854" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract_en-US">Disclosure Loss And Loss Adjustment Expense Reserves Schedule Of Total Estimated Recoveries From Ineligible Second Lien Mortgage Loans [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1854" xlink:to="label1854" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract" xlink:label="element1855" />
        <label xlink:type="resource" xlink:label="label1855" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Total Estimated Recoveries From Ineligible Second-Lien Mortgage Loans) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1855" xlink:to="label1855" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeAbstract" xlink:label="element1856" />
        <label xlink:type="resource" xlink:label="label1856" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeAbstract_en-US">Disclosure - Loss And Loss Adjustment Expense Reserves (Summary Of Credit Impairments Related To Derivatives) (Narrative) [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1856" xlink:to="label1856" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExcessInterestCashFlowsFromSecuritizations" xlink:label="element1897" />
        <label xlink:type="resource" xlink:label="label1897" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ExcessInterestCashFlowsFromSecuritizations_en-US">Reduction of excess interest cash flows from securitizations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1897" xlink:to="label1897" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpensesOfConsolidatedVies" xlink:label="element1898" />
        <label xlink:type="resource" xlink:label="label1898" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExpensesOfConsolidatedVies_en-US">Total expenses of all Variable Interest Entities consolidated by the reporting entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1898" xlink:to="label1898" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpensesOfConsolidatedVies" xlink:label="element1899" />
        <label xlink:type="resource" xlink:label="label1899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExpensesOfConsolidatedVies_en-US">Expenses Of Consolidated Vies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1899" xlink:to="label1899" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpensesOfConsolidatedVies" xlink:label="element1900" />
        <label xlink:type="resource" xlink:label="label1900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ExpensesOfConsolidatedVies_en-US">Expenses of consolidated VIEs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1900" xlink:to="label1900" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element1901" />
        <label xlink:type="resource" xlink:label="label1901" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">This element represents, for the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (net); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1901" xlink:to="label1901" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element1902" />
        <label xlink:type="resource" xlink:label="label1902" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1902" xlink:to="label1902" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element1903" />
        <label xlink:type="resource" xlink:label="label1903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">OLD Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1903" xlink:to="label1903" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="element1904" />
        <label xlink:type="resource" xlink:label="label1904" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_en-US">Fair Value By Consolidated Statements Of Operations [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1904" xlink:to="label1904" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="element1905" />
        <label xlink:type="resource" xlink:label="label1905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_en-US">Fair Value By Consolidated Statements Of Operations [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1905" xlink:to="label1905" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="element1906" />
        <label xlink:type="resource" xlink:label="label1906" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_en-US">Fair Value By Consolidated Statements Of Operations [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1906" xlink:to="label1906" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueDisclosureWeightedAverageInYears" xlink:label="element1907" />
        <label xlink:type="resource" xlink:label="label1907" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueDisclosureWeightedAverageInYears_en-US">Fair Value Disclosure, Weighted Average (In Years)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1907" xlink:to="label1907" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueDisclosureWeightedAverageInYears" xlink:label="element1908" />
        <label xlink:type="resource" xlink:label="label1908" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueDisclosureWeightedAverageInYears_en-US">Fair Value Disclosure Weighted Average In Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1908" xlink:to="label1908" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueDisclosureWeightedAverageInYears" xlink:label="element1909" />
        <label xlink:type="resource" xlink:label="label1909" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueDisclosureWeightedAverageInYears_en-US">Weighted Average (in years)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1909" xlink:to="label1909" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" xlink:label="element1910" />
        <label xlink:type="resource" xlink:label="label1910" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income or Earnings, Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1910" xlink:to="label1910" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" xlink:label="element1911" />
        <label xlink:type="resource" xlink:label="label1911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income Or Earnings Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1911" xlink:to="label1911" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" xlink:label="element1912" />
        <label xlink:type="resource" xlink:label="label1912" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets_en-US">Foreign exchange recognized in OCI or earnings, assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1912" xlink:to="label1912" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" xlink:label="element1913" />
        <label xlink:type="resource" xlink:label="label1913" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income or Earnings, Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1913" xlink:to="label1913" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" xlink:label="element1914" />
        <label xlink:type="resource" xlink:label="label1914" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities_en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income Or Earnings Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1914" xlink:to="label1914" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" xlink:label="element1915" />
        <label xlink:type="resource" xlink:label="label1915" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities_en-US">Foreign exchange recognized in OCI or earnings, liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1915" xlink:to="label1915" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfCreditSupportAnnexes" xlink:label="element1916" />
        <label xlink:type="resource" xlink:label="label1916" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOfCreditSupportAnnexes_en-US">Fair value of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1916" xlink:to="label1916" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfCreditSupportAnnexes" xlink:label="element1917" />
        <label xlink:type="resource" xlink:label="label1917" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOfCreditSupportAnnexes_en-US">Fair Value Of Credit Support Annexes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1917" xlink:to="label1917" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfCreditSupportAnnexes" xlink:label="element1918" />
        <label xlink:type="resource" xlink:label="label1918" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOfCreditSupportAnnexes_en-US">Fair value of Credit Support Annex</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1918" xlink:to="label1918" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:label="element1919" />
        <label xlink:type="resource" xlink:label="label1919" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities_en-US">Fair Value Of Securities On Deposit With Various Regulatory Authorities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1919" xlink:to="label1919" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:label="element1920" />
        <label xlink:type="resource" xlink:label="label1920" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities_en-US">Fair Value Of Securities On Deposit With Various Regulatory Authorities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1920" xlink:to="label1920" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:label="element1921" />
        <label xlink:type="resource" xlink:label="label1921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities_en-US">Fair value of securities on deposit with various regulatory authorities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1921" xlink:to="label1921" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element1922" />
        <label xlink:type="resource" xlink:label="label1922" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Fair Value of Securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1922" xlink:to="label1922" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element1923" />
        <label xlink:type="resource" xlink:label="label1923" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Fair Value Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1923" xlink:to="label1923" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element1924" />
        <label xlink:type="resource" xlink:label="label1924" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Fair value of securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1924" xlink:to="label1924" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:label="element1925" />
        <label xlink:type="resource" xlink:label="label1925" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionAggregateFairValueLoansReceivable_en-US">Fair Value Option Aggregate Fair Value Loans Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1925" xlink:to="label1925" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:label="element1926" />
        <label xlink:type="resource" xlink:label="label1926" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionAggregateFairValueLoansReceivable_en-US">Fair Value Option Aggregate Fair Value Loans Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1926" xlink:to="label1926" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:label="element1927" />
        <label xlink:type="resource" xlink:label="label1927" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOptionAggregateFairValueLoansReceivable_en-US">Loans receivable, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1927" xlink:to="label1927" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:label="element1928" />
        <label xlink:type="resource" xlink:label="label1928" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments_en-US">Fair Value Option Aggregate Fair Value Long Term Debt Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1928" xlink:to="label1928" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:label="element1929" />
        <label xlink:type="resource" xlink:label="label1929" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments_en-US">Fair Value Option Aggregate Fair Value Long Term Debt Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1929" xlink:to="label1929" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:label="element1930" />
        <label xlink:type="resource" xlink:label="label1930" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments_en-US">Variable interest entity notes, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1930" xlink:to="label1930" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:label="element1931" />
        <label xlink:type="resource" xlink:label="label1931" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable_en-US">Fair Value Option Contractual Outstanding Principal Loans Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1931" xlink:to="label1931" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:label="element1932" />
        <label xlink:type="resource" xlink:label="label1932" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable_en-US">Fair Value Option Contractual Outstanding Principal Loans Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1932" xlink:to="label1932" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:label="element1933" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1933" xlink:to="label1933" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:label="element1934" />
        <label xlink:type="resource" xlink:label="label1934" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments_en-US">Fair Value Option Contractual Outstanding Principal Long Term Debt Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1934" xlink:to="label1934" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:label="element1935" />
        <label xlink:type="resource" xlink:label="label1935" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments_en-US">Fair Value Option Contractual Outstanding Principal Long Term Debt Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1935" xlink:to="label1935" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:label="element1936" />
        <label xlink:type="resource" xlink:label="label1936" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments_en-US">Variable interest entity notes, contractual outstanding principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1936" xlink:to="label1936" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FeesAndReimbursements" xlink:label="element1937" />
        <label xlink:type="resource" xlink:label="label1937" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FeesAndReimbursements_en-US">Total of fees collected for services performed in connection with certain insurance related transactions and investment management services, both of which are earned in the current period or deferred and earned over the life of the related transaction. Also included are work, wavier and consent, termination, administrative and management fees, and fees from reinsurance commutations that are earned when the related services are completed and the fees are received.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1937" xlink:to="label1937" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FeesAndReimbursements" xlink:label="element1938" />
        <label xlink:type="resource" xlink:label="label1938" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FeesAndReimbursements_en-US">Fees And Reimbursements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1938" xlink:to="label1938" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FeesAndReimbursements" xlink:label="element1939" />
        <label xlink:type="resource" xlink:label="label1939" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FeesAndReimbursements_en-US">Fees and reimbursements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1939" xlink:to="label1939" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeCeded" xlink:label="element1940" />
        <label xlink:type="resource" xlink:label="label1940" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeCeded_en-US">Represents the Company's balance sheet carrying amount of the financial guarantee insurance contracts ceded to third party reinsurers. The balance sheet carrying amount comprises the prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1940" xlink:to="label1940" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeCeded" xlink:label="element1941" />
        <label xlink:type="resource" xlink:label="label1941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeCeded_en-US">Financial Guarantee Ceded</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1941" xlink:to="label1941" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeCeded" xlink:label="element1942" />
        <label xlink:type="resource" xlink:label="label1942" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeCeded_en-US">Ceded</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1942" xlink:to="label1942" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeGross" xlink:label="element1943" />
        <label xlink:type="resource" xlink:label="label1943" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeGross_en-US">Represents the Company's balance sheet carrying amount of the financial guarantee insurance contract obligations with third parties. The gross balance sheet carrying amount comprises the unearned premium revenue and the loss and loss adjustment expense reserves balances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1943" xlink:to="label1943" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeGross" xlink:label="element1944" />
        <label xlink:type="resource" xlink:label="label1944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeGross_en-US">Financial Guarantee Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1944" xlink:to="label1944" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeGross" xlink:label="element1945" />
        <label xlink:type="resource" xlink:label="label1945" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeGross_en-US">Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1945" xlink:to="label1945" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:label="element1946" />
        <label xlink:type="resource" xlink:label="label1946" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions_en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1946" xlink:to="label1946" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:label="element1947" />
        <label xlink:type="resource" xlink:label="label1947" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions_en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1947" xlink:to="label1947" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:label="element1948" />
        <label xlink:type="resource" xlink:label="label1948" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions_en-US">Changes in assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1948" xlink:to="label1948" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstAndSecondLienRmbsMember" xlink:label="element1949" />
        <label xlink:type="resource" xlink:label="label1949" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FirstAndSecondLienRmbsMember_en-US">First And Second Lien Rmbs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1949" xlink:to="label1949" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstAndSecondLienRmbsMember" xlink:label="element1950" />
        <label xlink:type="resource" xlink:label="label1950" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FirstAndSecondLienRmbsMember_en-US">First And Second Lien Rmbs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1950" xlink:to="label1950" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstAndSecondLienRmbsMember" xlink:label="element1951" />
        <label xlink:type="resource" xlink:label="label1951" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FirstAndSecondLienRmbsMember_en-US">First And Second Lien RMBS [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1951" xlink:to="label1951" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienRMBSReservesMember" xlink:label="element1952" />
        <label xlink:type="resource" xlink:label="label1952" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FirstLienRMBSReservesMember_en-US">First-Lien RMBS Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1952" xlink:to="label1952" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienRMBSReservesMember" xlink:label="element1953" />
        <label xlink:type="resource" xlink:label="label1953" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FirstLienRMBSReservesMember_en-US">First Lien R M B S Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1953" xlink:to="label1953" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienRMBSReservesMember" xlink:label="element1954" />
        <label xlink:type="resource" xlink:label="label1954" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FirstLienRMBSReservesMember_en-US">First-Lien RMBS Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1954" xlink:to="label1954" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:label="element1955" />
        <label xlink:type="resource" xlink:label="label1955" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GreaterThanFivePercentToFifteenPercentMember_en-US">Distribution of securities where fair value is below market value by greater than 5% to 15%.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1955" xlink:to="label1955" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:label="element1956" />
        <label xlink:type="resource" xlink:label="label1956" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GreaterThanFivePercentToFifteenPercentMember_en-US">Greater Than Five Percent To Fifteen Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1956" xlink:to="label1956" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:label="element1957" />
        <label xlink:type="resource" xlink:label="label1957" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GreaterThanFivePercentToFifteenPercentMember_en-US">&gt; 5% To 15% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1957" xlink:to="label1957" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsCarriedAtFairValueMember" xlink:label="element1958" />
        <label xlink:type="resource" xlink:label="label1958" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentsCarriedAtFairValueMember_en-US">Investments Carried At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1958" xlink:to="label1958" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsCarriedAtFairValueMember" xlink:label="element1959" />
        <label xlink:type="resource" xlink:label="label1959" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentsCarriedAtFairValueMember_en-US">Investments Carried At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1959" xlink:to="label1959" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsCarriedAtFairValueMember" xlink:label="element1960" />
        <label xlink:type="resource" xlink:label="label1960" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentsCarriedAtFairValueMember_en-US">Investments Carried At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1960" xlink:to="label1960" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeclosureMember" xlink:label="element1961" />
        <label xlink:type="resource" xlink:label="label1961" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ForeclosureMember_en-US">Foreclosure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1961" xlink:to="label1961" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeclosureMember" xlink:label="element1962" />
        <label xlink:type="resource" xlink:label="label1962" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ForeclosureMember_en-US">Foreclosure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1962" xlink:to="label1962" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeclosureMember" xlink:label="element1963" />
        <label xlink:type="resource" xlink:label="label1963" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ForeclosureMember_en-US">Foreclosure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1963" xlink:to="label1963" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember" xlink:label="element1964" />
        <label xlink:type="resource" xlink:label="label1964" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember_en-US">Foreign Exchange And Other Derivative Financial Instruments Attributable to V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1964" xlink:to="label1964" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember" xlink:label="element1965" />
        <label xlink:type="resource" xlink:label="label1965" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember_en-US">Foreign Exchange And Other Derivative Financial Instruments Attributable To V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1965" xlink:to="label1965" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember" xlink:label="element1966" />
        <label xlink:type="resource" xlink:label="label1966" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember_en-US">Net Gains (Losses) On Financial Instruments At Fair Value And Foreign Exchange-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1966" xlink:to="label1966" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainLossOnDerivativesRecognizedInIncome" xlink:label="element1967" />
        <label xlink:type="resource" xlink:label="label1967" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GainLossOnDerivativesRecognizedInIncome_en-US">Gain Loss On Derivatives Recognized In Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1967" xlink:to="label1967" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainLossOnDerivativesRecognizedInIncome" xlink:label="element1968" />
        <label xlink:type="resource" xlink:label="label1968" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GainLossOnDerivativesRecognizedInIncome_en-US">Gain Loss On Derivatives Recognized In Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1968" xlink:to="label1968" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainLossOnDerivativesRecognizedInIncome" xlink:label="element1969" />
        <label xlink:type="resource" xlink:label="label1969" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GainLossOnDerivativesRecognizedInIncome_en-US">Gain/(loss) recognized in income on derivative</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1969" xlink:to="label1969" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="element1970" />
        <label xlink:type="resource" xlink:label="label1970" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_en-US">Gains And Losses Realized And Unrealized Earnings [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1970" xlink:to="label1970" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="element1971" />
        <label xlink:type="resource" xlink:label="label1971" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_en-US">Gains And Losses Realized And Unrealized Earnings [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1971" xlink:to="label1971" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="element1972" />
        <label xlink:type="resource" xlink:label="label1972" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_en-US">Gains And Losses Realized And Unrealized Earnings [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1972" xlink:to="label1972" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalPublicFinanceMember" xlink:label="element1973" />
        <label xlink:type="resource" xlink:label="label1973" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GlobalPublicFinanceMember_en-US">Global Public Finance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1973" xlink:to="label1973" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalPublicFinanceMember" xlink:label="element1974" />
        <label xlink:type="resource" xlink:label="label1974" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GlobalPublicFinanceMember_en-US">Global Public Finance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1974" xlink:to="label1974" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalPublicFinanceMember" xlink:label="element1975" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="element1976" />
        <label xlink:type="resource" xlink:label="label1976" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GlobalStructuredFinanceMember_en-US">Global Structured Finance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1976" xlink:to="label1976" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="element1977" />
        <label xlink:type="resource" xlink:label="label1977" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GlobalStructuredFinanceMember_en-US">Global Structured Finance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1977" xlink:to="label1977" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="element1978" />
        <label xlink:type="resource" xlink:label="label1978" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GlobalStructuredFinanceMember_en-US">Total Global Structured Finance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1978" xlink:to="label1978" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFiftyPercentMember" xlink:label="element1979" />
        <label xlink:type="resource" xlink:label="label1979" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GreaterThanFiftyPercentMember_en-US">Distribution of securities where fair value is below market value by greater than 50%.</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFiftyPercentMember" xlink:label="element1980" />
        <label xlink:type="resource" xlink:label="label1980" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GreaterThanFiftyPercentMember_en-US">Greater Than Fifty Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1980" xlink:to="label1980" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanFiftyPercentMember" xlink:label="element1981" />
        <label xlink:type="resource" xlink:label="label1981" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GreaterThanFiftyPercentMember_en-US">&gt; 50% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1981" xlink:to="label1981" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossExposureCommutedOnCmbsInsuredDerivatives" xlink:label="element1982" />
        <label xlink:type="resource" xlink:label="label1982" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GrossExposureCommutedOnCmbsInsuredDerivatives_en-US">Gross exposure commuted on Cmbs insured derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1982" xlink:to="label1982" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossExposureCommutedOnCmbsInsuredDerivatives" xlink:label="element1983" />
        <label xlink:type="resource" xlink:label="label1983" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GrossExposureCommutedOnCmbsInsuredDerivatives_en-US">Gross Exposure Commuted On Cmbs Insured Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1983" xlink:to="label1983" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossExposureCommutedOnCmbsInsuredDerivatives" xlink:label="element1984" />
        <label xlink:type="resource" xlink:label="label1984" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GrossExposureCommutedOnCmbsInsuredDerivatives_en-US">Gross exposure commuted on Cmbs insured derivatives since 2010</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1984" xlink:to="label1984" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="element1985" />
        <label xlink:type="resource" xlink:label="label1985" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GrossReserveRecoveriesOnUnpaidLosses_en-US">Gross reserve, recoveries on unpaid losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1985" xlink:to="label1985" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="element1986" />
        <label xlink:type="resource" xlink:label="label1986" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GrossReserveRecoveriesOnUnpaidLosses_en-US">Gross Reserve Recoveries On Unpaid Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1986" xlink:to="label1986" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="element1987" />
        <label xlink:type="resource" xlink:label="label1987" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_mbi_GrossReserveRecoveriesOnUnpaidLosses_en-US">Gross Reserve ending balance, Recoveries on unpaid losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1987" xlink:to="label1987" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="element1988" />
        <label xlink:type="resource" xlink:label="label1988" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_mbi_GrossReserveRecoveriesOnUnpaidLosses_en-US">Gross Reserve beginning balance,Recoveries on unpaid losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1988" xlink:to="label1988" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="element1989" />
        <label xlink:type="resource" xlink:label="label1989" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GrossReserveRecoveriesOnUnpaidLosses_en-US">Expected recoveries of future payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1989" xlink:to="label1989" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteedInvestmentAgreementsFairValue" xlink:label="element1990" />
        <label xlink:type="resource" xlink:label="label1990" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GuaranteedInvestmentAgreementsFairValue_en-US">Guaranteed Investment Agreements Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1990" xlink:to="label1990" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteedInvestmentAgreementsFairValue" xlink:label="element1991" />
        <label xlink:type="resource" xlink:label="label1991" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GuaranteedInvestmentAgreementsFairValue_en-US">Guaranteed Investment Agreements Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1991" xlink:to="label1991" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteedInvestmentAgreementsFairValue" xlink:label="element1992" />
        <label xlink:type="resource" xlink:label="label1992" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GuaranteedInvestmentAgreementsFairValue_en-US">Investment agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1992" xlink:to="label1992" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteeObligationsMaximumNetExposure" xlink:label="element1993" />
        <label xlink:type="resource" xlink:label="label1993" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GuaranteeObligationsMaximumNetExposure_en-US">Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees after (net of) reduction for potential recoveries under recourse or collateralization provisions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1993" xlink:to="label1993" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteeObligationsMaximumNetExposure" xlink:label="element1994" />
        <label xlink:type="resource" xlink:label="label1994" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GuaranteeObligationsMaximumNetExposure_en-US">Guarantee Obligations Maximum Net Exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1994" xlink:to="label1994" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteeObligationsMaximumNetExposure" xlink:label="element1995" />
        <label xlink:type="resource" xlink:label="label1995" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GuaranteeObligationsMaximumNetExposure_en-US">Maximum amount of future guarantee payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1995" xlink:to="label1995" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfFinancialGuaranteeMember" xlink:label="element1996" />
        <label xlink:type="resource" xlink:label="label1996" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ImpactOfFinancialGuaranteeMember_en-US">Impact Of Financial Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1996" xlink:to="label1996" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfFinancialGuaranteeMember" xlink:label="element1997" />
        <label xlink:type="resource" xlink:label="label1997" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ImpactOfFinancialGuaranteeMember_en-US">Impact Of Financial Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1997" xlink:to="label1997" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfFinancialGuaranteeMember" xlink:label="element1998" />
        <label xlink:type="resource" xlink:label="label1998" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ImpactOfFinancialGuaranteeMember_en-US">Impact Of Financial Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1998" xlink:to="label1998" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" xlink:label="element1999" />
        <label xlink:type="resource" xlink:label="label1999" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability_en-US">Impact Of Non Performance Risk On Insured Derivative Liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1999" xlink:to="label1999" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" xlink:label="element2000" />
        <label xlink:type="resource" xlink:label="label2000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability_en-US">Impact Of Non Performance Risk On Insured Derivative Liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2000" xlink:to="label2000" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" xlink:label="element2001" />
        <label xlink:type="resource" xlink:label="label2001" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability_en-US">Impact of including the nonperformance risk in valuation of pre-tax net insured derivative liability</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2001" xlink:to="label2001" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="element2002" />
        <label xlink:type="resource" xlink:label="label2002" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInInsuranceLossRecoverable_en-US">Increase decrease in carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts related to recoveries related to commitments to repurchase ineligible loans within an (issue) and recoveries expected on paid claims.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2002" xlink:to="label2002" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="element2003" />
        <label xlink:type="resource" xlink:label="label2003" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInInsuranceLossRecoverable_en-US">Increase Decrease In Insurance Loss Recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2003" xlink:to="label2003" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="element2004" />
        <label xlink:type="resource" xlink:label="label2004" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInInsuranceLossRecoverable_en-US">Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2004" xlink:to="label2004" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="element2005" />
        <label xlink:type="resource" xlink:label="label2005" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_IncreaseDecreaseInInsuranceLossRecoverable_en-US">Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2005" xlink:to="label2005" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses" xlink:label="element2006" />
        <label xlink:type="resource" xlink:label="label2006" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses_en-US">Increase decrease in carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts related to recoveries related to commitments to recoveries on paid claims.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2006" xlink:to="label2006" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses" xlink:label="element2007" />
        <label xlink:type="resource" xlink:label="label2007" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses_en-US">Increase Decrease In Insurance Loss Recoverable Related To Paid Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2007" xlink:to="label2007" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses" xlink:label="element2008" />
        <label xlink:type="resource" xlink:label="label2008" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses_en-US">Decrease in insurance loss recoverable related to paid losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2008" xlink:to="label2008" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries" xlink:label="element2009" />
        <label xlink:type="resource" xlink:label="label2009" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries_en-US">Increase Decrease In Loss Adjustment Expense Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2009" xlink:to="label2009" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries" xlink:label="element2010" />
        <label xlink:type="resource" xlink:label="label2010" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries_en-US">Increase Decrease In Loss Adjustment Expense Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2010" xlink:to="label2010" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries" xlink:label="element2011" />
        <label xlink:type="resource" xlink:label="label2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries_en-US">Changes in LAE Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2011" xlink:to="label2011" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="element2012" />
        <label xlink:type="resource" xlink:label="label2012" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_en-US">Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2012" xlink:to="label2012" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="element2013" />
        <label xlink:type="resource" xlink:label="label2013" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_en-US">Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2013" xlink:to="label2013" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="element2014" />
        <label xlink:type="resource" xlink:label="label2014" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_en-US">Net (gains) losses on financial instruments at fair value and foreign exchange</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2014" xlink:to="label2014" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="element2015" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2015" xlink:to="label2015" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseToCaseBasisReserves" xlink:label="element2016" />
        <label xlink:type="resource" xlink:label="label2016" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseToCaseBasisReserves_en-US">Increase Decrease To Case Basis Reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2016" xlink:to="label2016" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseToCaseBasisReserves" xlink:label="element2017" />
        <label xlink:type="resource" xlink:label="label2017" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseToCaseBasisReserves_en-US">Increase Decrease To Case Basis Reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2017" xlink:to="label2017" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseToCaseBasisReserves" xlink:label="element2018" />
        <label xlink:type="resource" xlink:label="label2018" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseToCaseBasisReserves_en-US">Addition to case basis reserves if losses remain at peak levels</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2018" xlink:to="label2018" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleMortgageLoansMember" xlink:label="element2019" />
        <label xlink:type="resource" xlink:label="label2019" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IneligibleMortgageLoansMember_en-US">Ineligible Mortgage Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2019" xlink:to="label2019" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleMortgageLoansMember" xlink:label="element2020" />
        <label xlink:type="resource" xlink:label="label2020" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IneligibleMortgageLoansMember_en-US">Ineligible Mortgage Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2020" xlink:to="label2020" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleMortgageLoansMember" xlink:label="element2021" />
        <label xlink:type="resource" xlink:label="label2021" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IneligibleMortgageLoansMember_en-US">Ineligible Mortgage Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2021" xlink:to="label2021" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2022" />
        <label xlink:type="resource" xlink:label="label2022" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverable_en-US">Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2022" xlink:to="label2022" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2023" />
        <label xlink:type="resource" xlink:label="label2023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverable_en-US">Insurance Loss Recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2023" xlink:to="label2023" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2024" />
        <label xlink:type="resource" xlink:label="label2024" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_mbi_InsuranceLossRecoverable_en-US">Gross Reserve ending balance, Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2024" xlink:to="label2024" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2025" />
        <label xlink:type="resource" xlink:label="label2025" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_mbi_InsuranceLossRecoverable_en-US">Gross Reserve beginning balance, Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2025" xlink:to="label2025" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2026" />
        <label xlink:type="resource" xlink:label="label2026" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverable_en-US">Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2026" xlink:to="label2026" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2027" />
        <label xlink:type="resource" xlink:label="label2027" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_mbi_InsuranceLossRecoverable_en-US">Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2027" xlink:to="label2027" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverable" xlink:label="element2028" />
        <label xlink:type="resource" xlink:label="label2028" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_mbi_InsuranceLossRecoverable_en-US">Insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2028" xlink:to="label2028" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="element2029" />
        <label xlink:type="resource" xlink:label="label2029" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_en-US">Insurance loss recoverable and changes in recoveries of unpaid losses.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2029" xlink:to="label2029" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="element2030" />
        <label xlink:type="resource" xlink:label="label2030" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2030" xlink:to="label2030" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="element2031" />
        <label xlink:type="resource" xlink:label="label2031" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_en-US">Gross Reserve ending balance, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2031" xlink:to="label2031" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="element2032" />
        <label xlink:type="resource" xlink:label="label2032" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_en-US">Gross Reserve beginning balance, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2032" xlink:to="label2032" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:label="element2033" />
        <label xlink:type="resource" xlink:label="label2033" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2033" xlink:to="label2033" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:label="element2034" />
        <label xlink:type="resource" xlink:label="label2034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2034" xlink:to="label2034" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:label="element2035" />
        <label xlink:type="resource" xlink:label="label2035" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries_en-US">Accretion of Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2035" xlink:to="label2035" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:label="element2036" />
        <label xlink:type="resource" xlink:label="label2036" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2036" xlink:to="label2036" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:label="element2037" />
        <label xlink:type="resource" xlink:label="label2037" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2037" xlink:to="label2037" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:label="element2038" />
        <label xlink:type="resource" xlink:label="label2038" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions_en-US">Changes in Assumptions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2038" xlink:to="label2038" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:label="element2039" />
        <label xlink:type="resource" xlink:label="label2039" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2039" xlink:to="label2039" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:label="element2040" />
        <label xlink:type="resource" xlink:label="label2040" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2040" xlink:to="label2040" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:label="element2041" />
        <label xlink:type="resource" xlink:label="label2041" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate_en-US">Changes in Discount Rates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2041" xlink:to="label2041" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember" xlink:label="element2042" />
        <label xlink:type="resource" xlink:label="label2042" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember_en-US">Insurance Loss Recoverable and Changes in Recoveries on Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2042" xlink:to="label2042" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember" xlink:label="element2043" />
        <label xlink:type="resource" xlink:label="label2043" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember_en-US">Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2043" xlink:to="label2043" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember" xlink:label="element2044" />
        <label xlink:type="resource" xlink:label="label2044" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember_en-US">Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2044" xlink:to="label2044" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="element2045" />
        <label xlink:type="resource" xlink:label="label2045" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableMember_en-US">Insurance Loss Recoverable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2045" xlink:to="label2045" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="element2046" />
        <label xlink:type="resource" xlink:label="label2046" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableMember_en-US">Insurance Loss Recoverable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2046" xlink:to="label2046" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="element2047" />
        <label xlink:type="resource" xlink:label="label2047" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableMember_en-US">Insurance Loss Recoverable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2047" xlink:to="label2047" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceOperationsMember" xlink:label="element2048" />
        <label xlink:type="resource" xlink:label="label2048" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceOperationsMember_en-US">Insurance Operations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2048" xlink:to="label2048" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceOperationsMember" xlink:label="element2049" />
        <label xlink:type="resource" xlink:label="label2049" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceOperationsMember_en-US">Insurance Operations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2049" xlink:to="label2049" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceOperationsMember" xlink:label="element2050" />
        <label xlink:type="resource" xlink:label="label2050" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceOperationsMember_en-US">Insurance Operations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2050" xlink:to="label2050" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredDerivativesMember" xlink:label="element2051" />
        <label xlink:type="resource" xlink:label="label2051" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuredDerivativesMember_en-US">Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2051" xlink:to="label2051" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredDerivativesMember" xlink:label="element2052" />
        <label xlink:type="resource" xlink:label="label2052" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuredDerivativesMember_en-US">Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2052" xlink:to="label2052" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredDerivativesMember" xlink:label="element2053" />
        <label xlink:type="resource" xlink:label="label2053" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuredDerivativesMember_en-US">Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2053" xlink:to="label2053" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredIssuesDesignatedAsClassifiedListMember" xlink:label="element2054" />
        <label xlink:type="resource" xlink:label="label2054" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuredIssuesDesignatedAsClassifiedListMember_en-US">Insured Issues Designated As Classified List [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2054" xlink:to="label2054" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredIssuesDesignatedAsClassifiedListMember" xlink:label="element2055" />
        <label xlink:type="resource" xlink:label="label2055" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuredIssuesDesignatedAsClassifiedListMember_en-US">Insured Issues Designated As Classified List [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2055" xlink:to="label2055" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredIssuesDesignatedAsClassifiedListMember" xlink:label="element2056" />
        <label xlink:type="resource" xlink:label="label2056" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuredIssuesDesignatedAsClassifiedListMember_en-US">Insured Issues Designated As "Classified List" [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2056" xlink:to="label2056" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredSwapsMember" xlink:label="element2057" />
        <label xlink:type="resource" xlink:label="label2057" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuredSwapsMember_en-US">Insured Swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2057" xlink:to="label2057" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredSwapsMember" xlink:label="element2058" />
        <label xlink:type="resource" xlink:label="label2058" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuredSwapsMember_en-US">Insured Swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2058" xlink:to="label2058" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuredSwapsMember" xlink:label="element2059" />
        <label xlink:type="resource" xlink:label="label2059" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuredSwapsMember_en-US">Insured Swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2059" xlink:to="label2059" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestIncomeExpenseMember" xlink:label="element2060" />
        <label xlink:type="resource" xlink:label="label2060" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InterestIncomeExpenseMember_en-US">Interest Income (Expense) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2060" xlink:to="label2060" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestIncomeExpenseMember" xlink:label="element2061" />
        <label xlink:type="resource" xlink:label="label2061" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InterestIncomeExpenseMember_en-US">Interest Income Expense [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2061" xlink:to="label2061" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestIncomeExpenseMember" xlink:label="element2062" />
        <label xlink:type="resource" xlink:label="label2062" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InterestIncomeExpenseMember_en-US">Interest Income (Expense) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2062" xlink:to="label2062" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateDerivativesMember" xlink:label="element2063" />
        <label xlink:type="resource" xlink:label="label2063" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InterestRateDerivativesMember_en-US">Interest Rate Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2063" xlink:to="label2063" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateDerivativesMember" xlink:label="element2064" />
        <label xlink:type="resource" xlink:label="label2064" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InterestRateDerivativesMember_en-US">Interest Rate Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2064" xlink:to="label2064" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateDerivativesMember" xlink:label="element2065" />
        <label xlink:type="resource" xlink:label="label2065" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InterestRateDerivativesMember_en-US">Interest Rate Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2065" xlink:to="label2065" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsEmbeddedMember" xlink:label="element2066" />
        <label xlink:type="resource" xlink:label="label2066" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InterestRateSwapsEmbeddedMember_en-US">Interest Rate Swaps Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2066" xlink:to="label2066" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsEmbeddedMember" xlink:label="element2067" />
        <label xlink:type="resource" xlink:label="label2067" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InterestRateSwapsEmbeddedMember_en-US">Interest Rate Swaps Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2067" xlink:to="label2067" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsEmbeddedMember" xlink:label="element2068" />
        <label xlink:type="resource" xlink:label="label2068" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InterestRateSwapsEmbeddedMember_en-US">Interest Rate Swaps-Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2068" xlink:to="label2068" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsVIEMember" xlink:label="element2069" />
        <label xlink:type="resource" xlink:label="label2069" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InterestRateSwapsVIEMember_en-US">Interest Rate Swaps V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2069" xlink:to="label2069" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsVIEMember" xlink:label="element2070" />
        <label xlink:type="resource" xlink:label="label2070" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InterestRateSwapsVIEMember_en-US">Interest Rate Swaps V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2070" xlink:to="label2070" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateSwapsVIEMember" xlink:label="element2071" />
        <label xlink:type="resource" xlink:label="label2071" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InterestRateSwapsVIEMember_en-US">Interest Rate Swaps-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2071" xlink:to="label2071" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InternationallyDiversifiedMember" xlink:label="element2072" />
        <label xlink:type="resource" xlink:label="label2072" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InternationallyDiversifiedMember_en-US">Internationally Diversified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2072" xlink:to="label2072" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InternationallyDiversifiedMember" xlink:label="element2073" />
        <label xlink:type="resource" xlink:label="label2073" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InternationallyDiversifiedMember_en-US">Internationally Diversified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2073" xlink:to="label2073" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InternationallyDiversifiedMember" xlink:label="element2074" />
        <label xlink:type="resource" xlink:label="label2074" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InternationallyDiversifiedMember_en-US">Internationally Diversified [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2074" xlink:to="label2074" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:label="element2075" />
        <label xlink:type="resource" xlink:label="label2075" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod_en-US">Disclosure regarding factors used to determine that the impairment of securities not categorized as trading securities (hence equal to available for sale and held to maturity securities) where cost exceeds fair value. This item contains disclosure of the number of investment positions in the investments determined to be temporarily impaired.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2075" xlink:to="label2075" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:label="element2076" />
        <label xlink:type="resource" xlink:label="label2076" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod_en-US">Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2076" xlink:to="label2076" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:label="element2077" />
        <label xlink:type="resource" xlink:label="label2077" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod_en-US">Number of securities in unrealized loss position for a continuous 12 month period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2077" xlink:to="label2077" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="element2078" />
        <label xlink:type="resource" xlink:label="label2078" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_en-US">Investments With Unrealized Loss Severity Greater Than Five Percent.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2078" xlink:to="label2078" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="element2079" />
        <label xlink:type="resource" xlink:label="label2079" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_en-US">Fair Value Below Book Value Greater Than Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2079" xlink:to="label2079" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="element2080" />
        <label xlink:type="resource" xlink:label="label2080" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_en-US">Greater Than 5% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2080" xlink:to="label2080" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember" xlink:label="element2081" />
        <label xlink:type="resource" xlink:label="label2081" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember_en-US">June Two Thousand Twelve To November Two Thousand Twelve [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2081" xlink:to="label2081" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember" xlink:label="element2082" />
        <label xlink:type="resource" xlink:label="label2082" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember_en-US">June Two Thousand Twelve To November Two Thousand Twelve [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2082" xlink:to="label2082" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember" xlink:label="element2083" />
        <label xlink:type="resource" xlink:label="label2083" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_JuneTwoThousandTwelveToNovemberTwoThousandTwelveMember_en-US">June 2012 To November 2012 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2083" xlink:to="label2083" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeInsuranceLossRecoverable" xlink:label="element2084" />
        <label xlink:type="resource" xlink:label="label2084" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LaeInsuranceLossRecoverable_en-US">Carrying amount as of the balance sheet date of paid LAE expenses expected to be recovered.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2084" xlink:to="label2084" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeInsuranceLossRecoverable" xlink:label="element2085" />
        <label xlink:type="resource" xlink:label="label2085" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LaeInsuranceLossRecoverable_en-US">Lae Insurance Loss Recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2085" xlink:to="label2085" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeInsuranceLossRecoverable" xlink:label="element2086" />
        <label xlink:type="resource" xlink:label="label2086" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_LaeInsuranceLossRecoverable_en-US">LAE insurance loss recoverable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2086" xlink:to="label2086" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeReservesMember" xlink:label="element2087" />
        <label xlink:type="resource" xlink:label="label2087" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LaeReservesMember_en-US">LAE Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2087" xlink:to="label2087" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeReservesMember" xlink:label="element2088" />
        <label xlink:type="resource" xlink:label="label2088" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LaeReservesMember_en-US">Lae Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2088" xlink:to="label2088" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LaeReservesMember" xlink:label="element2089" />
        <label xlink:type="resource" xlink:label="label2089" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LaeReservesMember_en-US">LAE Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2089" xlink:to="label2089" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilitiesOfConsolidatedViesMember" xlink:label="element2090" />
        <label xlink:type="resource" xlink:label="label2090" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiabilitiesOfConsolidatedViesMember_en-US">Liabilities Of Consolidated VIEs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2090" xlink:to="label2090" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilitiesOfConsolidatedViesMember" xlink:label="element2091" />
        <label xlink:type="resource" xlink:label="label2091" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiabilitiesOfConsolidatedViesMember_en-US">Liabilities Of Consolidated Vies [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2091" xlink:to="label2091" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilitiesOfConsolidatedViesMember" xlink:label="element2092" />
        <label xlink:type="resource" xlink:label="label2092" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LiabilitiesOfConsolidatedViesMember_en-US">Liabilities Of Consolidated VIEs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2092" xlink:to="label2092" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidAssets" xlink:label="element2093" />
        <label xlink:type="resource" xlink:label="label2093" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiquidAssets_en-US">This element represents the liquidity position of the entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2093" xlink:to="label2093" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidAssets" xlink:label="element2094" />
        <label xlink:type="resource" xlink:label="label2094" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiquidAssets_en-US">Liquid Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2094" xlink:to="label2094" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidAssets" xlink:label="element2095" />
        <label xlink:type="resource" xlink:label="label2095" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LiquidAssets_en-US">Liquid assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2095" xlink:to="label2095" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoanRepurchaseCommitments" xlink:label="element2096" />
        <label xlink:type="resource" xlink:label="label2096" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LoanRepurchaseCommitments_en-US">The fair value of financial instruments that represent the right of the Trust against the seller/servicer for loans that were not compliant with the representations and warranties of the loan underwriting. The Trust has the right to demand that the transferor replace ineligible loans with a compliant loan or repurchase the non-compliant loan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2096" xlink:to="label2096" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoanRepurchaseCommitments" xlink:label="element2097" />
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        <label xlink:type="resource" xlink:label="label2105" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LoanStatusDomain_en-US">Loan Status [Domain]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLaeReservesMember" xlink:label="element2108" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2108" xlink:to="label2108" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2109" xlink:to="label2109" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2110" xlink:to="label2110" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2111" xlink:to="label2111" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="element2112" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2112" xlink:to="label2112" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2113" xlink:to="label2113" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="element2114" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="element2115" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2115" xlink:to="label2115" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="element2116" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossesAndLossAdjustmentExpensesRelatedToActualAndExpectedPayments" xlink:label="element2117" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumLoansWithDebtServiceCoverageRatio" xlink:label="element2126" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumTaxableIncomeProjectionYears" xlink:label="element2129" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumTaxableIncomeProjectionYears" xlink:label="element2130" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumTaxableIncomeProjectionYears" xlink:label="element2131" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2131" xlink:to="label2131" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpMember" xlink:label="element2132" />
        <label xlink:type="resource" xlink:label="label2132" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaCorpMember_en-US">MBIA Corp [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2132" xlink:to="label2132" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpMember" xlink:label="element2133" />
        <label xlink:type="resource" xlink:label="label2133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MbiaCorpMember_en-US">Mbia Corp [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2133" xlink:to="label2133" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpMember" xlink:label="element2134" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2134" xlink:to="label2134" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaIncGeneralCorporatePurposesMember" xlink:label="element2135" />
        <label xlink:type="resource" xlink:label="label2135" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaIncGeneralCorporatePurposesMember_en-US">MBIA Inc General Corporate Purposes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2135" xlink:to="label2135" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2136" xlink:to="label2136" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2137" xlink:to="label2137" />
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        <label xlink:type="resource" xlink:label="label2138" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaIncMember_en-US">MBIA Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2138" xlink:to="label2138" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NonInsuredCreditDefaultSwapsVIEMember" xlink:label="element2173" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2174" xlink:to="label2174" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2175" xlink:to="label2175" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2192" xlink:to="label2192" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2199" xlink:to="label2199" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfStructuredCmbsCommutations" xlink:label="element2200" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta" xlink:label="element2202" />
        <label xlink:type="resource" xlink:label="label2202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta_en-US">Number Of Transactions Received Consideration And Excluded From Loan Files Reviewed With Potential Recoveries Including Alta</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2202" xlink:to="label2202" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta" xlink:label="element2203" />
        <label xlink:type="resource" xlink:label="label2203" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta_en-US">Number of transactions received consideration and excluded from loan files reviewed with potential recoveries including Alt-A</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2203" xlink:to="label2203" />
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        <label xlink:type="resource" xlink:label="label2204" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherAssetBackedMember_en-US">Other Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2204" xlink:to="label2204" />
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        <label xlink:type="resource" xlink:label="label2205" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherAssetBackedMember_en-US">Other Asset Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2205" xlink:to="label2205" />
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        <label xlink:type="resource" xlink:label="label2206" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherAssetBackedMember_en-US">Other Asset-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2206" xlink:to="label2206" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativesMember" xlink:label="element2207" />
        <label xlink:type="resource" xlink:label="label2207" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherDerivativesMember_en-US">Other Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2207" xlink:to="label2207" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativesMember" xlink:label="element2208" />
        <label xlink:type="resource" xlink:label="label2208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherDerivativesMember_en-US">Other Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2208" xlink:to="label2208" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativesMember" xlink:label="element2209" />
        <label xlink:type="resource" xlink:label="label2209" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherDerivativesMember_en-US">Other Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2209" xlink:to="label2209" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherFixedMaturityInvestmentsMember" xlink:label="element2210" />
        <label xlink:type="resource" xlink:label="label2210" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherFixedMaturityInvestmentsMember_en-US">Other Fixed Maturity Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2210" xlink:to="label2210" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherFixedMaturityInvestmentsMember" xlink:label="element2211" />
        <label xlink:type="resource" xlink:label="label2211" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherFixedMaturityInvestmentsMember_en-US">Other Fixed Maturity Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2211" xlink:to="label2211" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherFixedMaturityInvestmentsMember" xlink:label="element2212" />
        <label xlink:type="resource" xlink:label="label2212" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherFixedMaturityInvestmentsMember_en-US">Other-Fixed Maturity Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2212" xlink:to="label2212" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLoansMember" xlink:label="element2213" />
        <label xlink:type="resource" xlink:label="label2213" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherLoansMember_en-US">Other Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2213" xlink:to="label2213" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLoansMember" xlink:label="element2214" />
        <label xlink:type="resource" xlink:label="label2214" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherLoansMember_en-US">Other Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2214" xlink:to="label2214" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLoansMember" xlink:label="element2215" />
        <label xlink:type="resource" xlink:label="label2215" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherLoansMember_en-US">Other Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2215" xlink:to="label2215" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLocationsMember" xlink:label="element2216" />
        <label xlink:type="resource" xlink:label="label2216" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherLocationsMember_en-US">Other Locations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2216" xlink:to="label2216" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLocationsMember" xlink:label="element2217" />
        <label xlink:type="resource" xlink:label="label2217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherLocationsMember_en-US">Other Locations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2217" xlink:to="label2217" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLocationsMember" xlink:label="element2218" />
        <label xlink:type="resource" xlink:label="label2218" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherLocationsMember_en-US">Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2218" xlink:to="label2218" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember" xlink:label="element2219" />
        <label xlink:type="resource" xlink:label="label2219" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember_en-US">Other Losses And Loss And Loss Adjustment Expense [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2219" xlink:to="label2219" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember" xlink:label="element2220" />
        <label xlink:type="resource" xlink:label="label2220" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember_en-US">Other Losses And Loss And Loss Adjustment Expense [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2220" xlink:to="label2220" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember" xlink:label="element2221" />
        <label xlink:type="resource" xlink:label="label2221" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember_en-US">Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2221" xlink:to="label2221" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PayableForInvestmentsPurchasedFairValueDisclosure" xlink:label="element2222" />
        <label xlink:type="resource" xlink:label="label2222" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PayableForInvestmentsPurchasedFairValueDisclosure_en-US">Payable for investments purchased fair value disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2222" xlink:to="label2222" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PayableForInvestmentsPurchasedFairValueDisclosure" xlink:label="element2223" />
        <label xlink:type="resource" xlink:label="label2223" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PayableForInvestmentsPurchasedFairValueDisclosure_en-US">Payable For Investments Purchased Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2223" xlink:to="label2223" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PayableForInvestmentsPurchasedFairValueDisclosure" xlink:label="element2224" />
        <label xlink:type="resource" xlink:label="label2224" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PayableForInvestmentsPurchasedFairValueDisclosure_en-US">Payable for investments purchased</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2224" xlink:to="label2224" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" xlink:label="element2225" />
        <label xlink:type="resource" xlink:label="label2225" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid_en-US">Payments for net realized losses on insured derivatives paid.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2225" xlink:to="label2225" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" xlink:label="element2226" />
        <label xlink:type="resource" xlink:label="label2226" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid_en-US">Payments For Net Realized Losses On Insured Derivatives Paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2226" xlink:to="label2226" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" xlink:label="element2227" />
        <label xlink:type="resource" xlink:label="label2227" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid_en-US">Insured derivative commutations and losses paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2227" xlink:to="label2227" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfCurrentRollToLossForTransaction" xlink:label="element2228" />
        <label xlink:type="resource" xlink:label="label2228" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfCurrentRollToLossForTransaction_en-US">Percentage Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2228" xlink:to="label2228" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfCurrentRollToLossForTransaction" xlink:label="element2229" />
        <label xlink:type="resource" xlink:label="label2229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfCurrentRollToLossForTransaction_en-US">Percentage Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2229" xlink:to="label2229" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfCurrentRollToLossForTransaction" xlink:label="element2230" />
        <label xlink:type="resource" xlink:label="label2230" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfCurrentRollToLossForTransaction_en-US">Percentage of Current Roll to Loss for the transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2230" xlink:to="label2230" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction" xlink:label="element2231" />
        <label xlink:type="resource" xlink:label="label2231" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction_en-US">Percentage Of Further Reduction Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2231" xlink:to="label2231" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction" xlink:label="element2232" />
        <label xlink:type="resource" xlink:label="label2232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction_en-US">Percentage Of Further Reduction Of Current Roll To Loss For Transaction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2232" xlink:to="label2232" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction" xlink:label="element2233" />
        <label xlink:type="resource" xlink:label="label2233" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction_en-US">Current Roll to Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2233" xlink:to="label2233" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfIneligibleMortgageLoans" xlink:label="element2234" />
        <label xlink:type="resource" xlink:label="label2234" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfIneligibleMortgageLoans_en-US">Percentage Of Ineligible Mortgage Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2234" xlink:to="label2234" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfIneligibleMortgageLoans" xlink:label="element2235" />
        <label xlink:type="resource" xlink:label="label2235" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfIneligibleMortgageLoans_en-US">Percentage Of Ineligible Mortgage Loans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2235" xlink:to="label2235" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfIneligibleMortgageLoans" xlink:label="element2236" />
        <label xlink:type="resource" xlink:label="label2236" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfIneligibleMortgageLoans_en-US">Breach rate of ineligible mortgage loans reviewed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2236" xlink:to="label2236" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel" xlink:label="element2237" />
        <label xlink:type="resource" xlink:label="label2237" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel_en-US">Percentage Of Insured Credit Derivatives Value Under Bet Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2237" xlink:to="label2237" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel" xlink:label="element2238" />
        <label xlink:type="resource" xlink:label="label2238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel_en-US">Percentage Of Insured Credit Derivatives Value Under Bet Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2238" xlink:to="label2238" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel" xlink:label="element2239" />
        <label xlink:type="resource" xlink:label="label2239" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel_en-US">Percentage of insured credit derivatives, fair value using the BET model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2239" xlink:to="label2239" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel" xlink:label="element2240" />
        <label xlink:type="resource" xlink:label="label2240" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel_en-US">Percentage of insured credit derivatives value under direct price model and dual default model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2240" xlink:to="label2240" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel" xlink:label="element2241" />
        <label xlink:type="resource" xlink:label="label2241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel_en-US">Percentage Of Insured Credit Derivatives Value Under Direct Price Model And Dual Default Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2241" xlink:to="label2241" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel" xlink:label="element2242" />
        <label xlink:type="resource" xlink:label="label2242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel_en-US">Percentage of insured credit derivatives, value under Direct Price Model and Dual-Default Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2242" xlink:to="label2242" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansChargedOff" xlink:label="element2243" />
        <label xlink:type="resource" xlink:label="label2243" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfLoansChargedOff_en-US">Percentage Of Loans Charged Off</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2243" xlink:to="label2243" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansChargedOff" xlink:label="element2244" />
        <label xlink:type="resource" xlink:label="label2244" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfLoansChargedOff_en-US">Percentage Of Loans Charged Off</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2244" xlink:to="label2244" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansChargedOff" xlink:label="element2245" />
        <label xlink:type="resource" xlink:label="label2245" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfLoansChargedOff_en-US">Percentage of loans charged-off</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2245" xlink:to="label2245" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket" xlink:label="element2246" />
        <label xlink:type="resource" xlink:label="label2246" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket_en-US">Percentage Of Loans In 30-59 Day Delinquent Bucket</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2246" xlink:to="label2246" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket" xlink:label="element2247" />
        <label xlink:type="resource" xlink:label="label2247" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket_en-US">Percentage Of Loans In Thirty To Fifty Nine Day Delinquent Bucket</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2247" xlink:to="label2247" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket" xlink:label="element2248" />
        <label xlink:type="resource" xlink:label="label2248" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket_en-US">Percentage of loans in 30-59 days delinquent bucket</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2248" xlink:to="label2248" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod" xlink:label="element2249" />
        <label xlink:type="resource" xlink:label="label2249" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod_en-US">Percentage Of Loss After Declining Over Twenty Four Month Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2249" xlink:to="label2249" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod" xlink:label="element2250" />
        <label xlink:type="resource" xlink:label="label2250" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod_en-US">Percentage Of Loss After Declining Over Twenty Four Month Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2250" xlink:to="label2250" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod" xlink:label="element2251" />
        <label xlink:type="resource" xlink:label="label2251" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod_en-US">Percentage of roll to loss after declining over a 24-month period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2251" xlink:to="label2251" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossOnLiquidation" xlink:label="element2252" />
        <label xlink:type="resource" xlink:label="label2252" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfLossOnLiquidation_en-US">Percentage Of Loss On Liquidation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2252" xlink:to="label2252" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossOnLiquidation" xlink:label="element2253" />
        <label xlink:type="resource" xlink:label="label2253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfLossOnLiquidation_en-US">Percentage Of Loss On Liquidation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2253" xlink:to="label2253" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfLossOnLiquidation" xlink:label="element2254" />
        <label xlink:type="resource" xlink:label="label2254" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfLossOnLiquidation_en-US">Percentage of loss on liquidation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2254" xlink:to="label2254" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity" xlink:label="element2255" />
        <label xlink:type="resource" xlink:label="label2255" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_en-US">Percentage Of Recognized Estimated Recoveries In Relationship To Consolidated Total Shareholders Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2255" xlink:to="label2255" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity" xlink:label="element2256" />
        <label xlink:type="resource" xlink:label="label2256" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_en-US">Percentage Of Recognized Estimated Recoveries In Relationship To Consolidated Total Shareholders Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2256" xlink:to="label2256" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity" xlink:label="element2257" />
        <label xlink:type="resource" xlink:label="label2257" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_en-US">Percentage of recognized estimated recoveries in relationship to consolidated total shareholder's equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2257" xlink:to="label2257" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity" xlink:label="element2258" />
        <label xlink:type="resource" xlink:label="label2258" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_en-US">Percentage of recognized estimated recoveries in relationship to consolidated total shareholders equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2258" xlink:to="label2258" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRollRateToLossSet" xlink:label="element2259" />
        <label xlink:type="resource" xlink:label="label2259" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfRollRateToLossSet_en-US">Percentage Of Roll Rate To Loss Set</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2259" xlink:to="label2259" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRollRateToLossSet" xlink:label="element2260" />
        <label xlink:type="resource" xlink:label="label2260" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfRollRateToLossSet_en-US">Percentage Of Roll Rate To Loss Set</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2260" xlink:to="label2260" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfRollRateToLossSet" xlink:label="element2261" />
        <label xlink:type="resource" xlink:label="label2261" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfRollRateToLossSet_en-US">90+ day roll rate to loss set stress scenario</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2261" xlink:to="label2261" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel" xlink:label="element2262" />
        <label xlink:type="resource" xlink:label="label2262" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel_en-US">Percentage Of Sector Specific Transactions Valued Using BET Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2262" xlink:to="label2262" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel" xlink:label="element2263" />
        <label xlink:type="resource" xlink:label="label2263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel_en-US">Percentage Of Sector Specific Transactions Valued Using Bet Model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2263" xlink:to="label2263" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel" xlink:label="element2264" />
        <label xlink:type="resource" xlink:label="label2264" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel_en-US">Percentage of sector-specific transactions valued using BET model</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2264" xlink:to="label2264" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:label="element2265" />
        <label xlink:type="resource" xlink:label="label2265" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfSecuritiesBookValueExceededMarketValue_en-US">Percentage that a security's fair value is below its book value on available-for-sale and held-to-maturity securities. This percentage is used as a severity threshold for disclosing information about securities in an unrealized loss position for a continuous 12 month period or longer.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2265" xlink:to="label2265" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:label="element2266" />
        <label xlink:type="resource" xlink:label="label2266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfSecuritiesBookValueExceededMarketValue_en-US">Percentage Of Securities Book Value Exceeded Market Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2266" xlink:to="label2266" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:label="element2267" />
        <label xlink:type="resource" xlink:label="label2267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfSecuritiesBookValueExceededMarketValue_en-US">Rate that a security's fair value is below book value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2267" xlink:to="label2267" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element2268" />
        <label xlink:type="resource" xlink:label="label2268" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Percentage of securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2268" xlink:to="label2268" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element2269" />
        <label xlink:type="resource" xlink:label="label2269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Percentage Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2269" xlink:to="label2269" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="element2270" />
        <label xlink:type="resource" xlink:label="label2270" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_en-US">Percentage of securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2270" xlink:to="label2270" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingCorporateSpread" xlink:label="element2271" />
        <label xlink:type="resource" xlink:label="label2271" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfTransactionsValuedUsingCorporateSpread_en-US">Percentage Of Transactions Valued Using Corporate Spread</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2271" xlink:to="label2271" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingCorporateSpread" xlink:label="element2272" />
        <label xlink:type="resource" xlink:label="label2272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfTransactionsValuedUsingCorporateSpread_en-US">Percentage Of Transactions Valued Using Corporate Spread</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2272" xlink:to="label2272" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingCorporateSpread" xlink:label="element2273" />
        <label xlink:type="resource" xlink:label="label2273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfTransactionsValuedUsingCorporateSpread_en-US">Percentage of transactions valued using corporate spreads used</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2273" xlink:to="label2273" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource" xlink:label="element2274" />
        <label xlink:type="resource" xlink:label="label2274" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource_en-US">Percentage of Transactions Valued Using Spread Benchmark From Most Relevant Spread Source</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2274" xlink:to="label2274" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource" xlink:label="element2275" />
        <label xlink:type="resource" xlink:label="label2275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource_en-US">Percentage Of Transactions Valued Using Spread Benchmark From Most Relevant Spread Source</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2275" xlink:to="label2275" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource" xlink:label="element2276" />
        <label xlink:type="resource" xlink:label="label2276" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource_en-US">Percentage of transactions valued using spread benchmarked from most relevant spread source</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2276" xlink:to="label2276" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread" xlink:label="element2277" />
        <label xlink:type="resource" xlink:label="label2277" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread_en-US">Percentage of Transactions Valued Using Warf Sourced And Or Ratings Source Credit Spread</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2277" xlink:to="label2277" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread" xlink:label="element2278" />
        <label xlink:type="resource" xlink:label="label2278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread_en-US">Percentage Of Transactions Valued Using Warf Sourced And Or Ratings Source Credit Spread</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2278" xlink:to="label2278" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread" xlink:label="element2279" />
        <label xlink:type="resource" xlink:label="label2279" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread_en-US">Percentage of transactions valued using WARF-sourced and/or ratings sourced credit spreads</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2279" xlink:to="label2279" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths" xlink:label="element2280" />
        <label xlink:type="resource" xlink:label="label2280" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths_en-US">Period Of Elevated Delinquency And Loss For Base Case, Beginning, Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2280" xlink:to="label2280" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths" xlink:label="element2281" />
        <label xlink:type="resource" xlink:label="label2281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths_en-US">Period Of Elevated Delinquency And Loss For Base Case Beginning Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2281" xlink:to="label2281" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths" xlink:label="element2282" />
        <label xlink:type="resource" xlink:label="label2282" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths_en-US">Period of elevated delinquency and loss for base case, beginning, months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2282" xlink:to="label2282" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths" xlink:label="element2283" />
        <label xlink:type="resource" xlink:label="label2283" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths_en-US">Period Of Elevated Delinquency And Loss For Stress Case, Additional Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2283" xlink:to="label2283" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths" xlink:label="element2284" />
        <label xlink:type="resource" xlink:label="label2284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths_en-US">Period Of Elevated Delinquency And Loss For Stress Case Additional Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2284" xlink:to="label2284" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths" xlink:label="element2285" />
        <label xlink:type="resource" xlink:label="label2285" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths_en-US">Period of elevated delinquency and loss for stress case, additional months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2285" xlink:to="label2285" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerpetualPreferredSecuritiesMember" xlink:label="element2286" />
        <label xlink:type="resource" xlink:label="label2286" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PerpetualPreferredSecuritiesMember_en-US">Perpetual Preferred Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2286" xlink:to="label2286" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerpetualPreferredSecuritiesMember" xlink:label="element2287" />
        <label xlink:type="resource" xlink:label="label2287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PerpetualPreferredSecuritiesMember_en-US">Perpetual Preferred Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2287" xlink:to="label2287" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerpetualPreferredSecuritiesMember" xlink:label="element2288" />
        <label xlink:type="resource" xlink:label="label2288" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PerpetualPreferredSecuritiesMember_en-US">Perpetual Preferred Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2288" xlink:to="label2288" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives" xlink:label="element2289" />
        <label xlink:type="resource" xlink:label="label2289" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives_en-US">Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2289" xlink:to="label2289" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives" xlink:label="element2290" />
        <label xlink:type="resource" xlink:label="label2290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives_en-US">Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2290" xlink:to="label2290" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives" xlink:label="element2291" />
        <label xlink:type="resource" xlink:label="label2291" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives_en-US">Total premiums earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2291" xlink:to="label2291" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock" xlink:label="element2292" />
        <label xlink:type="resource" xlink:label="label2292" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock_en-US">This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2292" xlink:to="label2292" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock" xlink:label="element2293" />
        <label xlink:type="resource" xlink:label="label2293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock_en-US">Premiums Earned On Financial Guarantees And Insured Derivatives By Geographic Location Of Risk Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2293" xlink:to="label2293" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock" xlink:label="element2294" />
        <label xlink:type="resource" xlink:label="label2294" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock_en-US">Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2294" xlink:to="label2294" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:label="element2295" />
        <label xlink:type="resource" xlink:label="label2295" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ProceedsFromConsolidationOfVariableInterestEntity_en-US">Cash inflows from consolidation of variable interest entities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2295" xlink:to="label2295" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:label="element2296" />
        <label xlink:type="resource" xlink:label="label2296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ProceedsFromConsolidationOfVariableInterestEntity_en-US">Proceeds From Consolidation Of Variable Interest Entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2296" xlink:to="label2296" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:label="element2297" />
        <label xlink:type="resource" xlink:label="label2297" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ProceedsFromConsolidationOfVariableInterestEntity_en-US">Consolidation of variable interest entities including cash acquired</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2297" xlink:to="label2297" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromReinsuranceAndRecoveries" xlink:label="element2298" />
        <label xlink:type="resource" xlink:label="label2298" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ProceedsFromReinsuranceAndRecoveries_en-US">Proceeds from reinsurance and recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2298" xlink:to="label2298" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromReinsuranceAndRecoveries" xlink:label="element2299" />
        <label xlink:type="resource" xlink:label="label2299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ProceedsFromReinsuranceAndRecoveries_en-US">Proceeds From Reinsurance And Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2299" xlink:to="label2299" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromReinsuranceAndRecoveries" xlink:label="element2300" />
        <label xlink:type="resource" xlink:label="label2300" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ProceedsFromReinsuranceAndRecoveries_en-US">Proceeds from recoveries and reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2300" xlink:to="label2300" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProprietaryPerformanceDataOnCreLoansAmount" xlink:label="element2301" />
        <label xlink:type="resource" xlink:label="label2301" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ProprietaryPerformanceDataOnCreLoansAmount_en-US">Proprietary Performance Data On CRE Loans Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2301" xlink:to="label2301" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal" xlink:label="element2314" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReceivableForInvestmentsSold" xlink:label="element2318" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="element2321" />
        <label xlink:type="resource" xlink:label="label2321" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_en-US">Reconciliation of net income loss to net cash provided used by operating activities [abstract]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="element2323" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2323" xlink:to="label2323" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveryRatesMember" xlink:label="element2324" />
        <label xlink:type="resource" xlink:label="label2324" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RecoveryRatesMember_en-US">Recovery Rates [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2324" xlink:to="label2324" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveryRatesMember" xlink:label="element2325" />
        <label xlink:type="resource" xlink:label="label2325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RecoveryRatesMember_en-US">Recovery Rates [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2325" xlink:to="label2325" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveryRatesMember" xlink:label="element2326" />
        <label xlink:type="resource" xlink:label="label2326" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RecoveryRatesMember_en-US">Recovery Rates [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2326" xlink:to="label2326" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RefundingPremiumsEarned" xlink:label="element2327" />
        <label xlink:type="resource" xlink:label="label2327" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RefundingPremiumsEarned_en-US">Premiums recognized as revenue on all financial guarantee insurance contracts that were retired (through legal defeasance in satisfaction of the obligation according to its indenture) prior to the scheduled maturity. The premiums recognized in the current period were initially recorded under unearned premium revenue in the consolidated balance sheets when received.</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RefundingPremiumsEarned" xlink:label="element2328" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2328" xlink:to="label2328" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RefundingPremiumsEarned" xlink:label="element2329" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2329" xlink:to="label2329" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2331" xlink:to="label2331" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2332" xlink:to="label2332" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2333" xlink:to="label2333" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2334" xlink:to="label2334" />
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        <label xlink:type="resource" xlink:label="label2335" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ReservesForExpectedFutureClaimPayments_en-US">Reserves for expected future claim payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2335" xlink:to="label2335" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="element2336" />
        <label xlink:type="resource" xlink:label="label2336" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ResidentialMortgageBackedAgencyMember_en-US">Residential Mortgage Backed Agency [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2336" xlink:to="label2336" />
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        <label xlink:type="resource" xlink:label="label2337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ResidentialMortgageBackedAgencyMember_en-US">Residential Mortgage Backed Agency [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2337" xlink:to="label2337" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2362" xlink:to="label2362" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock" xlink:label="element2363" />
        <label xlink:type="resource" xlink:label="label2363" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock_en-US">Schedule Of Company's RMBS Exposure Gross Undiscounted Claim Liability And Potential Recoveries Before The Elimination Of Amounts Related To Consolidated VIE's [Table Text Block]</label>
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        <label xlink:type="resource" xlink:label="label2364" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock_en-US">Schedule Of Company S Rmbs Exposure Gross Undiscounted Claim Liability And Potential Recoveries Before Elimination Of Amounts Related To Consolidated Vie S Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2364" xlink:to="label2364" />
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        <label xlink:type="resource" xlink:label="label2365" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock_en-US">Schedule Of Company's Second-Lien RMBS Exposure, Gross Undiscounted Claim Liability And Potential Recoveries, Excluding Amounts Related To Consolidated VIE's</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2365" xlink:to="label2365" />
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        <label xlink:type="resource" xlink:label="label2368" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsTextBlock_en-US">Schedule Of Expenses Related To Remedial Actions For Insured Obligations</label>
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        <label xlink:type="resource" xlink:label="label2369" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock_en-US">Fair values and gross unrealized losses by credit rating category of asset-backed securities, mortgage-backed securities and corporate obligations.</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="element2418" />
        <label xlink:type="resource" xlink:label="label2418" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StructuredFinanceAndInternationalInsuranceMember_en-US">Structured Finance And International Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2418" xlink:to="label2418" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="element2419" />
        <label xlink:type="resource" xlink:label="label2419" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StructuredFinanceAndInternationalInsuranceMember_en-US">International And Structured Finance Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2419" xlink:to="label2419" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SumOfProbabilitiesAssignedToAllScenarios" xlink:label="element2420" />
        <label xlink:type="resource" xlink:label="label2420" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SumOfProbabilitiesAssignedToAllScenarios_en-US">Sum Of Probabilities Assigned To All Scenarios</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2420" xlink:to="label2420" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SumOfProbabilitiesAssignedToAllScenarios" xlink:label="element2421" />
        <label xlink:type="resource" xlink:label="label2421" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SumOfProbabilitiesAssignedToAllScenarios_en-US">Sum Of Probabilities Assigned To All Scenarios</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2421" xlink:to="label2421" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SumOfProbabilitiesAssignedToAllScenarios" xlink:label="element2422" />
        <label xlink:type="resource" xlink:label="label2422" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SumOfProbabilitiesAssignedToAllScenarios_en-US">Sum of probabilities assigned to all scenarios</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2422" xlink:to="label2422" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="element2423" />
        <label xlink:type="resource" xlink:label="label2423" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurveillanceCategoriesAxis_en-US">Surveillance Categories [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2423" xlink:to="label2423" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="element2424" />
        <label xlink:type="resource" xlink:label="label2424" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SurveillanceCategoriesAxis_en-US">Surveillance Categories [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2424" xlink:to="label2424" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="element2425" />
        <label xlink:type="resource" xlink:label="label2425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SurveillanceCategoriesAxis_en-US">Surveillance Categories [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2425" xlink:to="label2425" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="element2426" />
        <label xlink:type="resource" xlink:label="label2426" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurveillanceCategoriesDomain_en-US">Surveillance Categories [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2426" xlink:to="label2426" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="element2427" />
        <label xlink:type="resource" xlink:label="label2427" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SurveillanceCategoriesDomain_en-US">Surveillance Categories [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2427" xlink:to="label2427" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="element2428" />
        <label xlink:type="resource" xlink:label="label2428" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SurveillanceCategoriesDomain_en-US">Surveillance Categories [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2428" xlink:to="label2428" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableBondsMember" xlink:label="element2429" />
        <label xlink:type="resource" xlink:label="label2429" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TaxableBondsMember_en-US">Taxable Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2429" xlink:to="label2429" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableBondsMember" xlink:label="element2430" />
        <label xlink:type="resource" xlink:label="label2430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TaxableBondsMember_en-US">Taxable Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2430" xlink:to="label2430" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableBondsMember" xlink:label="element2431" />
        <label xlink:type="resource" xlink:label="label2431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TaxableBondsMember_en-US">Taxable Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2431" xlink:to="label2431" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableIncomeProjectionYears" xlink:label="element2432" />
        <label xlink:type="resource" xlink:label="label2432" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TaxableIncomeProjectionYears_en-US">Taxable income projection, years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2432" xlink:to="label2432" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableIncomeProjectionYears" xlink:label="element2433" />
        <label xlink:type="resource" xlink:label="label2433" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TaxableIncomeProjectionYears_en-US">Taxable Income Projection Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2433" xlink:to="label2433" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxableIncomeProjectionYears" xlink:label="element2434" />
        <label xlink:type="resource" xlink:label="label2434" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TaxableIncomeProjectionYears_en-US">Taxable income projections, years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2434" xlink:to="label2434" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxExemptBondsMember" xlink:label="element2435" />
        <label xlink:type="resource" xlink:label="label2435" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TaxExemptBondsMember_en-US">Tax-Exempt Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2435" xlink:to="label2435" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxExemptBondsMember" xlink:label="element2436" />
        <label xlink:type="resource" xlink:label="label2436" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TaxExemptBondsMember_en-US">Tax Exempt Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2436" xlink:to="label2436" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxExemptBondsMember" xlink:label="element2437" />
        <label xlink:type="resource" xlink:label="label2437" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TaxExemptBondsMember_en-US">Tax-Exempt Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2437" xlink:to="label2437" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyGuarantorsMember" xlink:label="element2438" />
        <label xlink:type="resource" xlink:label="label2438" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ThirdPartyGuarantorsMember_en-US">Third Party Guarantors [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2438" xlink:to="label2438" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyGuarantorsMember" xlink:label="element2439" />
        <label xlink:type="resource" xlink:label="label2439" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ThirdPartyGuarantorsMember_en-US">Third Party Guarantors [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2439" xlink:to="label2439" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyGuarantorsMember" xlink:label="element2440" />
        <label xlink:type="resource" xlink:label="label2440" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ThirdPartyGuarantorsMember_en-US">3rd Party Guarantors [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2440" xlink:to="label2440" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalGainsLossesIncludedInEarningsMember" xlink:label="element2441" />
        <label xlink:type="resource" xlink:label="label2441" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TotalGainsLossesIncludedInEarningsMember_en-US">Total Gains (Losses) Included in Earnings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2441" xlink:to="label2441" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalGainsLossesIncludedInEarningsMember" xlink:label="element2442" />
        <label xlink:type="resource" xlink:label="label2442" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TotalGainsLossesIncludedInEarningsMember_en-US">Total Gains Losses Included In Earnings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2442" xlink:to="label2442" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalGainsLossesIncludedInEarningsMember" xlink:label="element2443" />
        <label xlink:type="resource" xlink:label="label2443" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TotalGainsLossesIncludedInEarningsMember_en-US">Total Gains (Losses) Included In Earnings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2443" xlink:to="label2443" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInsuranceMember" xlink:label="element2444" />
        <label xlink:type="resource" xlink:label="label2444" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TotalInsuranceMember_en-US">Total Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2444" xlink:to="label2444" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInsuranceMember" xlink:label="element2445" />
        <label xlink:type="resource" xlink:label="label2445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TotalInsuranceMember_en-US">Total Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2445" xlink:to="label2445" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInsuranceMember" xlink:label="element2446" />
        <label xlink:type="resource" xlink:label="label2446" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TotalInsuranceMember_en-US">Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2446" xlink:to="label2446" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInvestmentsMember" xlink:label="element2447" />
        <label xlink:type="resource" xlink:label="label2447" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TotalInvestmentsMember_en-US">Total Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2447" xlink:to="label2447" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInvestmentsMember" xlink:label="element2448" />
        <label xlink:type="resource" xlink:label="label2448" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TotalInvestmentsMember_en-US">Total Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2448" xlink:to="label2448" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalInvestmentsMember" xlink:label="element2449" />
        <label xlink:type="resource" xlink:label="label2449" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TotalInvestmentsMember_en-US">Total Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2449" xlink:to="label2449" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoAndOutOfLevelOne" xlink:label="element2450" />
        <label xlink:type="resource" xlink:label="label2450" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransfersIntoAndOutOfLevelOne_en-US">Transfers of assets measured at fair value on a recurring basis into and out of level one during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2450" xlink:to="label2450" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoAndOutOfLevelOne" xlink:label="element2451" />
        <label xlink:type="resource" xlink:label="label2451" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TransfersIntoAndOutOfLevelOne_en-US">Transfers Into And Out Of Level One</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2451" xlink:to="label2451" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoAndOutOfLevelOne" xlink:label="element2452" />
        <label xlink:type="resource" xlink:label="label2452" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TransfersIntoAndOutOfLevelOne_en-US">Transfers into or out of Level 1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2452" xlink:to="label2452" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelThree" xlink:label="element2453" />
        <label xlink:type="resource" xlink:label="label2453" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransfersIntoLevelThree_en-US">Transfers of assets measured at fair value on a recurring basis into level three during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2453" xlink:to="label2453" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelThree" xlink:label="element2454" />
        <label xlink:type="resource" xlink:label="label2454" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TransfersIntoLevelThree_en-US">Transfers Into Level Three</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2454" xlink:to="label2454" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelThree" xlink:label="element2455" />
        <label xlink:type="resource" xlink:label="label2455" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TransfersIntoLevelThree_en-US">Transfers into Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2455" xlink:to="label2455" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelTwo" xlink:label="element2456" />
        <label xlink:type="resource" xlink:label="label2456" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransfersIntoLevelTwo_en-US">Transfers of assets measured at fair value on a recurring basis into level two during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2456" xlink:to="label2456" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelTwo" xlink:label="element2457" />
        <label xlink:type="resource" xlink:label="label2457" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TransfersIntoLevelTwo_en-US">Transfers Into Level Two</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2457" xlink:to="label2457" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersIntoLevelTwo" xlink:label="element2458" />
        <label xlink:type="resource" xlink:label="label2458" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TransfersIntoLevelTwo_en-US">Transfers into Level 2</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2458" xlink:to="label2458" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelThree" xlink:label="element2459" />
        <label xlink:type="resource" xlink:label="label2459" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransfersOutOfLevelThree_en-US">Transfers of assets measured at fair value on a recurring basis out of level three during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2459" xlink:to="label2459" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelThree" xlink:label="element2460" />
        <label xlink:type="resource" xlink:label="label2460" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TransfersOutOfLevelThree_en-US">Transfers Out Of Level Three</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelThree" xlink:label="element2461" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelTwo" xlink:label="element2462" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelTwo" xlink:label="element2463" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2463" xlink:to="label2463" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransfersOutOfLevelTwo" xlink:label="element2464" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:label="element2465" />
        <label xlink:type="resource" xlink:label="label2465" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember_en-US">Distribution of securities where fair value is below market value by greater than 25% to 50%.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2465" xlink:to="label2465" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:label="element2466" />
        <label xlink:type="resource" xlink:label="label2466" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember_en-US">Greater Than Twenty Five Percent To Fifty Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2466" xlink:to="label2466" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:label="element2467" />
        <label xlink:type="resource" xlink:label="label2467" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember_en-US">&gt; 25% To 50% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2467" xlink:to="label2467" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeAxis" xlink:label="element2468" />
        <label xlink:type="resource" xlink:label="label2468" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TypeOfGuaranteeAxis_en-US">Type Of Guarantee [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2468" xlink:to="label2468" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeAxis" xlink:label="element2469" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2469" xlink:to="label2469" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeAxis" xlink:label="element2470" />
        <label xlink:type="resource" xlink:label="label2470" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TypeOfGuaranteeAxis_en-US">Type Of Guarantee [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2470" xlink:to="label2470" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeDomain" xlink:label="element2471" />
        <label xlink:type="resource" xlink:label="label2471" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TypeOfGuaranteeDomain_en-US">Type Of Guarantee [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2471" xlink:to="label2471" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeDomain" xlink:label="element2472" />
        <label xlink:type="resource" xlink:label="label2472" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TypeOfGuaranteeDomain_en-US">Type Of Guarantee [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2472" xlink:to="label2472" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TypeOfGuaranteeDomain" xlink:label="element2473" />
        <label xlink:type="resource" xlink:label="label2473" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TypeOfGuaranteeDomain_en-US">Type Of Guarantee [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2473" xlink:to="label2473" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputAxis" xlink:label="element2474" />
        <label xlink:type="resource" xlink:label="label2474" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnobservableInputAxis_en-US">Unobservable Input [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2474" xlink:to="label2474" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputAxis" xlink:label="element2475" />
        <label xlink:type="resource" xlink:label="label2475" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnobservableInputAxis_en-US">Unobservable Input [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2475" xlink:to="label2475" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputAxis" xlink:label="element2476" />
        <label xlink:type="resource" xlink:label="label2476" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnobservableInputAxis_en-US">Unobservable Input [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2476" xlink:to="label2476" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputDomain" xlink:label="element2477" />
        <label xlink:type="resource" xlink:label="label2477" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnobservableInputDomain_en-US">Unobservable Input [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2477" xlink:to="label2477" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputDomain" xlink:label="element2478" />
        <label xlink:type="resource" xlink:label="label2478" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnobservableInputDomain_en-US">Unobservable Input [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2478" xlink:to="label2478" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnobservableInputDomain" xlink:label="element2479" />
        <label xlink:type="resource" xlink:label="label2479" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnobservableInputDomain_en-US">Unobservable Input [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2479" xlink:to="label2479" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveriesOnUnpaidLossesMember" xlink:label="element2480" />
        <label xlink:type="resource" xlink:label="label2480" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RecoveriesOnUnpaidLossesMember_en-US">Recoveries On Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2480" xlink:to="label2480" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveriesOnUnpaidLossesMember" xlink:label="element2481" />
        <label xlink:type="resource" xlink:label="label2481" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RecoveriesOnUnpaidLossesMember_en-US">Recoveries On Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2481" xlink:to="label2481" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RecoveriesOnUnpaidLossesMember" xlink:label="element2482" />
        <label xlink:type="resource" xlink:label="label2482" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RecoveriesOnUnpaidLossesMember_en-US">Recoveries On Unpaid Losses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2482" xlink:to="label2482" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizableDeferredTaxAssets" xlink:label="element2483" />
        <label xlink:type="resource" xlink:label="label2483" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnrealizableDeferredTaxAssets_en-US">Unrealizable Deferred Tax Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2483" xlink:to="label2483" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizableDeferredTaxAssets" xlink:label="element2484" />
        <label xlink:type="resource" xlink:label="label2484" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnrealizableDeferredTaxAssets_en-US">Unrealizable Deferred Tax Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2484" xlink:to="label2484" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizableDeferredTaxAssets" xlink:label="element2485" />
        <label xlink:type="resource" xlink:label="label2485" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnrealizableDeferredTaxAssets_en-US">Total deferred tax assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2485" xlink:to="label2485" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:label="element2486" />
        <label xlink:type="resource" xlink:label="label2486" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember_en-US">Unrealized Gains Losses on Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2486" xlink:to="label2486" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:label="element2487" />
        <label xlink:type="resource" xlink:label="label2487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember_en-US">Unrealized Gains Losses On Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2487" xlink:to="label2487" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:label="element2488" />
        <label xlink:type="resource" xlink:label="label2488" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember_en-US">Unrealized Gains (Losses) On Insured Derivatives [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2488" xlink:to="label2488" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" xlink:label="element2489" />
        <label xlink:type="resource" xlink:label="label2489" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition_en-US">Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2489" xlink:to="label2489" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" xlink:label="element2490" />
        <label xlink:type="resource" xlink:label="label2490" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition_en-US">Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2490" xlink:to="label2490" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" xlink:label="element2491" />
        <label xlink:type="resource" xlink:label="label2491" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition_en-US">Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2491" xlink:to="label2491" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="element2492" />
        <label xlink:type="resource" xlink:label="label2492" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_USPublicFinanceInsuranceMember_en-US">U.S. Public Finance Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2492" xlink:to="label2492" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="element2493" />
        <label xlink:type="resource" xlink:label="label2493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_USPublicFinanceInsuranceMember_en-US">U S Public Finance Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2493" xlink:to="label2493" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="element2494" />
        <label xlink:type="resource" xlink:label="label2494" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_USPublicFinanceInsuranceMember_en-US">U.S. Public Finance Insurance [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2494" xlink:to="label2494" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:label="element2495" />
        <label xlink:type="resource" xlink:label="label2495" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_en-US">Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2495" xlink:to="label2495" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:label="element2496" />
        <label xlink:type="resource" xlink:label="label2496" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_en-US">Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2496" xlink:to="label2496" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:label="element2497" />
        <label xlink:type="resource" xlink:label="label2497" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_en-US">Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2497" xlink:to="label2497" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="element2498" />
        <label xlink:type="resource" xlink:label="label2498" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_VariableInterestEntityNotesMember_en-US">Variable Interest Entity Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2498" xlink:to="label2498" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="element2499" />
        <label xlink:type="resource" xlink:label="label2499" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_VariableInterestEntityNotesMember_en-US">Variable Interest Entity Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2499" xlink:to="label2499" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="element2500" />
        <label xlink:type="resource" xlink:label="label2500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_VariableInterestEntityNotesMember_en-US">Variable Interest Entity Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2500" xlink:to="label2500" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels" xlink:label="element2501" />
        <label xlink:type="resource" xlink:label="label2501" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels_en-US">Weighted average current subordination levels represents current level of credit protection (subordination) for the securities, expressed as a percentage of total current underlying loan balance calculated by weighting the relevant assumption for each individual security by current outstanding notional of the security.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2501" xlink:to="label2501" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels" xlink:label="element2502" />
        <label xlink:type="resource" xlink:label="label2502" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels_en-US">Weighted Average Assumption For Measurement Of Current Subordination Levels</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2502" xlink:to="label2502" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels" xlink:label="element2503" />
        <label xlink:type="resource" xlink:label="label2503" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels_en-US">Current subordination levels, Weighted average</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2503" xlink:to="label2503" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses" xlink:label="element2504" />
        <label xlink:type="resource" xlink:label="label2504" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses_en-US">Weighted average expected size of losses represents future expected credit losses on impaired assets expressed as a percentage of total current outstanding balance calculated by weighting the relevant assumption for each individual security by current outstanding notional of the security.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2504" xlink:to="label2504" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses" xlink:label="element2505" />
        <label xlink:type="resource" xlink:label="label2505" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses_en-US">Weighted Average Assumption For Measurement Of Expected Size Of Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2505" xlink:to="label2505" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses" xlink:label="element2506" />
        <label xlink:type="resource" xlink:label="label2506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses_en-US">Expected size of losses, Weighted average</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2506" xlink:to="label2506" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed" xlink:label="element2507" />
        <label xlink:type="resource" xlink:label="label2507" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed_en-US">Weighted average prepayment speed represents high and low points of lifetime vectors of constant prepayment rates calculated by weighting the relevant assumption for each individual security by current outstanding notional of the security.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2507" xlink:to="label2507" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed" xlink:label="element2508" />
        <label xlink:type="resource" xlink:label="label2508" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed_en-US">Weighted Average Assumption For Measurement Of Prepayment Speed</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2508" xlink:to="label2508" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed" xlink:label="element2509" />
        <label xlink:type="resource" xlink:label="label2509" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed_en-US">Prepayment speed (annual constant prepayment rate), Weighted average</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2509" xlink:to="label2509" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:label="element2510" />
        <label xlink:type="resource" xlink:label="label2510" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition_en-US">This element represents the weighted average contractual maturity period in years for securities in an unrealized loss position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2510" xlink:to="label2510" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:label="element2511" />
        <label xlink:type="resource" xlink:label="label2511" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition_en-US">Weighted Average Contractual Maturity Period Of Securities Unrealized Loss Position</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2511" xlink:to="label2511" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:label="element2512" />
        <label xlink:type="resource" xlink:label="label2512" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition_en-US">Weighted average contractual maturity period in years for securities in an unrealized loss position</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2512" xlink:to="label2512" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageLifeMember" xlink:label="element2513" />
        <label xlink:type="resource" xlink:label="label2513" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageLifeMember_en-US">Weighted Average Life [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2513" xlink:to="label2513" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageLifeMember" xlink:label="element2514" />
        <label xlink:type="resource" xlink:label="label2514" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageLifeMember_en-US">Weighted Average Life [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2514" xlink:to="label2514" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageLifeMember" xlink:label="element2515" />
        <label xlink:type="resource" xlink:label="label2515" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageLifeMember_en-US">Weighted Average Life [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2515" xlink:to="label2515" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:label="element2516" />
        <label xlink:type="resource" xlink:label="label2516" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears_en-US">Weighted Average Remaining Maturity Credit Derivatives In Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2516" xlink:to="label2516" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:label="element2517" />
        <label xlink:type="resource" xlink:label="label2517" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears_en-US">Weighted Average Remaining Maturity Credit Derivatives In Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2517" xlink:to="label2517" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:label="element2518" />
        <label xlink:type="resource" xlink:label="label2518" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears_en-US">Weighted average remaining expected maturity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2518" xlink:to="label2518" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WrappedSecuritiesMember" xlink:label="element2519" />
        <label xlink:type="resource" xlink:label="label2519" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WrappedSecuritiesMember_en-US">Wrapped Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2519" xlink:to="label2519" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WrappedSecuritiesMember" xlink:label="element2520" />
        <label xlink:type="resource" xlink:label="label2520" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WrappedSecuritiesMember_en-US">Wrapped Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2520" xlink:to="label2520" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WrappedSecuritiesMember" xlink:label="element2521" />
        <label xlink:type="resource" xlink:label="label2521" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WrappedSecuritiesMember_en-US">Wrapped Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2521" xlink:to="label2521" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangePercentage" xlink:label="element2522" />
        <label xlink:type="resource" xlink:label="label2522" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueMeasurementRangePercentage_en-US">Fair Value Measurement Range Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2522" xlink:to="label2522" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangePercentage" xlink:label="element2523" />
        <label xlink:type="resource" xlink:label="label2523" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueMeasurementRangePercentage_en-US">This element represents the fair value measurement range percentage of the Company's assets and liabilities measured at fair value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2523" xlink:to="label2523" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangePercentage" xlink:label="element2524" />
        <label xlink:type="resource" xlink:label="label2524" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueMeasurementRangePercentage_en-US">Range percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2524" xlink:to="label2524" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType" xlink:label="element2525" />
        <label xlink:type="resource" xlink:label="label2525" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType_en-US">Number Of Representative Cohorts In Commercial Real Estate Proprietary Model Based On Debt Service Coverage Ratio And Property Type</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2525" xlink:to="label2525" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType" xlink:label="element2526" />
        <label xlink:type="resource" xlink:label="label2526" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType_en-US">This element represents number of representative cohortsi in commercial real estate proprietary model based on debt service coverage ratio and property type</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2526" xlink:to="label2526" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType" xlink:label="element2527" />
        <label xlink:type="resource" xlink:label="label2527" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType_en-US">Number of representative cohorts in commercial real estate proprietary model based on debt service coverage ratio ("DSCR") and property type.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2527" xlink:to="label2527" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialRealEstateCollateralizedDebtObligationsMember" xlink:label="element2528" />
        <label xlink:type="resource" xlink:label="label2528" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CommercialRealEstateCollateralizedDebtObligationsMember_en-US">Commercial real estate collateralized debt obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2528" xlink:to="label2528" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialRealEstateCollateralizedDebtObligationsMember" xlink:label="element2529" />
        <label xlink:type="resource" xlink:label="label2529" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CommercialRealEstateCollateralizedDebtObligationsMember_en-US">Commercial Real Estate Collateralized Debt Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2529" xlink:to="label2529" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommercialRealEstateCollateralizedDebtObligationsMember" xlink:label="element2530" />
        <label xlink:type="resource" xlink:label="label2530" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CommercialRealEstateCollateralizedDebtObligationsMember_en-US">This element represents commercial real estate collateralized debt obligations.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2530" xlink:to="label2530" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances" xlink:label="element2531" />
        <label xlink:type="resource" xlink:label="label2531" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances_en-US">Cmbs Severities Exceeded Complete Loss In Certain Instances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2531" xlink:to="label2531" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances" xlink:label="element2532" />
        <label xlink:type="resource" xlink:label="label2532" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances_en-US">Cmbs severities exceeded complete loss in certain instances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2532" xlink:to="label2532" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances" xlink:label="element2533" />
        <label xlink:type="resource" xlink:label="label2533" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances_en-US">This element represents Cmbs severities exceeded complete loss in certain instances.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2533" xlink:to="label2533" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance" xlink:label="element2534" />
        <label xlink:type="resource" xlink:label="label2534" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance_en-US">Losses And Loss Adjustment Expense Payments Net Of Reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2534" xlink:to="label2534" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance" xlink:label="element2535" />
        <label xlink:type="resource" xlink:label="label2535" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance_en-US">This element represents losses and loss adjustments expense payments net of reinsurance.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2535" xlink:to="label2535" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance" xlink:label="element2536" />
        <label xlink:type="resource" xlink:label="label2536" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance_en-US">Losses and loss adjustment expense payments, net of reinsurance and collections</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2536" xlink:to="label2536" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativeLiabilitiesMember" xlink:label="element2537" />
        <label xlink:type="resource" xlink:label="label2537" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherDerivativeLiabilitiesMember_en-US">Other Derivative Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2537" xlink:to="label2537" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativeLiabilitiesMember" xlink:label="element2538" />
        <label xlink:type="resource" xlink:label="label2538" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherDerivativeLiabilitiesMember_en-US">Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2538" xlink:to="label2538" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherDerivativeLiabilitiesMember" xlink:label="element2539" />
        <label xlink:type="resource" xlink:label="label2539" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherDerivativeLiabilitiesMember_en-US">This category, Other Derivative Liabilities, represents the Derivative Liabilities that do not belong under MultiSector CDOs or CMBS.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2539" xlink:to="label2539" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoanBalanceReviewThreshold" xlink:label="element2540" />
        <label xlink:type="resource" xlink:label="label2540" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LoanBalanceReviewThreshold_en-US">Loan Balance Review Threshold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2540" xlink:to="label2540" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoanBalanceReviewThreshold" xlink:label="element2541" />
        <label xlink:type="resource" xlink:label="label2541" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LoanBalanceReviewThreshold_en-US">This element represents any loan threshhold with a debt service coverage ratio (DSCR) less than 1.0x .</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2541" xlink:to="label2541" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoanBalanceReviewThreshold" xlink:label="element2542" />
        <label xlink:type="resource" xlink:label="label2542" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LoanBalanceReviewThreshold_en-US">Loan balance greater than with debt service coverage ratio</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2542" xlink:to="label2542" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedExposureAxis" xlink:label="element2543" />
        <label xlink:type="resource" xlink:label="label2543" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CommutedExposureAxis_en-US">Commuted Exposure [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2543" xlink:to="label2543" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedExposureAxis" xlink:label="element2544" />
        <label xlink:type="resource" xlink:label="label2544" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CommutedExposureAxis_en-US">Exposure commuted during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2544" xlink:to="label2544" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedExposureDomain" xlink:label="element2545" />
        <label xlink:type="resource" xlink:label="label2545" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CommutedExposureDomain_en-US">Commuted Exposure [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2545" xlink:to="label2545" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CommutedExposureDomain" xlink:label="element2546" />
        <label xlink:type="resource" xlink:label="label2546" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CommutedExposureDomain_en-US">Exposure commuted during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2546" xlink:to="label2546" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalCommutedExposureMember" xlink:label="element2547" />
        <label xlink:type="resource" xlink:label="label2547" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TotalCommutedExposureMember_en-US">Total Commuted Exposure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2547" xlink:to="label2547" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalCommutedExposureMember" xlink:label="element2548" />
        <label xlink:type="resource" xlink:label="label2548" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TotalCommutedExposureMember_en-US">This element represents the total exposure commuted during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2548" xlink:to="label2548" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalCommutedExposureMember" xlink:label="element2549" />
        <label xlink:type="resource" xlink:label="label2549" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TotalCommutedExposureMember_en-US">Total commuted exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2549" xlink:to="label2549" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreviouslyReportedCommutedExposureMember" xlink:label="element2550" />
        <label xlink:type="resource" xlink:label="label2550" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PreviouslyReportedCommutedExposureMember_en-US">Previously Reported Commuted Exposure [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2550" xlink:to="label2550" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreviouslyReportedCommutedExposureMember" xlink:label="element2551" />
        <label xlink:type="resource" xlink:label="label2551" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PreviouslyReportedCommutedExposureMember_en-US">This element represents the exposure commuted that has been previously reported in a SEC filing.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2551" xlink:to="label2551" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreviouslyReportedCommutedExposureMember" xlink:label="element2552" />
        <label xlink:type="resource" xlink:label="label2552" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PreviouslyReportedCommutedExposureMember_en-US">Previously reported commuted exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2552" xlink:to="label2552" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="element2553" />
        <label xlink:type="resource" xlink:label="label2553" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CashCollateralToDerivativeCounterpartiesTable_en-US">Cash Collateral to Derivative Counterparties [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2553" xlink:to="label2553" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="element2554" />
        <label xlink:type="resource" xlink:label="label2554" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CashCollateralToDerivativeCounterpartiesTable_en-US">Cash collateral to derivative counterparties [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2554" xlink:to="label2554" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="element2555" />
        <label xlink:type="resource" xlink:label="label2555" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_en-US">Effective Income Tax Rate Reconciliation Increase Reduction In Tax Rates [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2555" xlink:to="label2555" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="element2556" />
        <label xlink:type="resource" xlink:label="label2556" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_en-US">Increase (reduction) in taxes resulting from: [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2556" xlink:to="label2556" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants" xlink:label="element2557" />
        <label xlink:type="resource" xlink:label="label2557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants_en-US">Effective Income Tax Rate Reconciliation Mark To Market On Warrants</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2557" xlink:to="label2557" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants" xlink:label="element2558" />
        <label xlink:type="resource" xlink:label="label2558" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants_en-US">This element represents the difference between the federal statutory and effective tax rate attributable to the mark-to-market on warrants.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2558" xlink:to="label2558" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants" xlink:label="element2559" />
        <label xlink:type="resource" xlink:label="label2559" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants_en-US">Mark-to-market on warrants</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2559" xlink:to="label2559" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions" xlink:label="element2560" />
        <label xlink:type="resource" xlink:label="label2560" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions_en-US">Effective Income TaxRate Reconciliation Uncertain Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2560" xlink:to="label2560" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions" xlink:label="element2561" />
        <label xlink:type="resource" xlink:label="label2561" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions_en-US">This element represents the difference between the federal statutory and effective tax rate attributable to uncertain tax positions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2561" xlink:to="label2561" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions" xlink:label="element2562" />
        <label xlink:type="resource" xlink:label="label2562" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions_en-US">Change in uncertain tax positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2562" xlink:to="label2562" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment" xlink:label="element2563" />
        <label xlink:type="resource" xlink:label="label2563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment_en-US">Effective Income Tax Rate Reconciliation Deferred Tax Inventory Adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2563" xlink:to="label2563" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment" xlink:label="element2564" />
        <label xlink:type="resource" xlink:label="label2564" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment_en-US">This element represents the difference between the federal statutory and effective tax rate attributable to the deferred tax inventory adjustment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2564" xlink:to="label2564" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment" xlink:label="element2565" />
        <label xlink:type="resource" xlink:label="label2565" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment_en-US">Tax return and deferred inventory adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2565" xlink:to="label2565" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary" xlink:label="element2566" />
        <label xlink:type="resource" xlink:label="label2566" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary_en-US">Estimated Tax Liability On Undistributed Earnings Of Foreign Subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2566" xlink:to="label2566" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary" xlink:label="element2567" />
        <label xlink:type="resource" xlink:label="label2567" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary_en-US">This element represents the estimated tax on the undistributed earnings of foreign subsidiaries.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2567" xlink:to="label2567" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary" xlink:label="element2568" />
        <label xlink:type="resource" xlink:label="label2568" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary_en-US">Estimated tax liability on undistributed earnings of foreign subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2568" xlink:to="label2568" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AntidilutiveSharesAbstract" xlink:label="element2569" />
        <label xlink:type="resource" xlink:label="label2569" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AntidilutiveSharesAbstract_en-US">Antidilutive Shares [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2569" xlink:to="label2569" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RangeDomain" xlink:label="element2570" />
        <label xlink:type="resource" xlink:label="label2570" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RangeDomain_en-US">Range [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2570" xlink:to="label2570" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock" xlink:label="element2571" />
        <label xlink:type="resource" xlink:label="label2571" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock_en-US">Schedule Of Abs Mbs And Corporate Obligations Guaranteed By Financial Guarantors [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2571" xlink:to="label2571" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock" xlink:label="element2572" />
        <label xlink:type="resource" xlink:label="label2572" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock_en-US">For all ABS, MBS and corporate obligations that are guaranteed by financial guarantors, a tabular disclosure presenting the average credit rating with and without the effect of the financial guarantee and the fair value and percentage of securities by asset class that are rated below investment grade without the benefit of the financial guarantee.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2572" xlink:to="label2572" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock" xlink:label="element2573" />
        <label xlink:type="resource" xlink:label="label2573" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock_en-US">Average Credit Ratings and Fair Value and Percentage Of Guaranteed ABS MBS and Corporate Obligations Below Investment Grade</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2573" xlink:to="label2573" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="element2574" />
        <label xlink:type="resource" xlink:label="label2574" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_en-US">Available For Sale Securities And Held To Maturity Securities [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2574" xlink:to="label2574" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="element2575" />
        <label xlink:type="resource" xlink:label="label2575" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_en-US">Available-For-Sale Securities And Held-To-Maturity Securities [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2575" xlink:to="label2575" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="element2576" />
        <label xlink:type="resource" xlink:label="label2576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities_en-US">Held To Maturity Cumulative Other Than Temporary Impairment Of Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2576" xlink:to="label2576" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="element2577" />
        <label xlink:type="resource" xlink:label="label2577" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities_en-US">Other-Than-Temporary Impairments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2577" xlink:to="label2577" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="element2578" />
        <label xlink:type="resource" xlink:label="label2578" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities_en-US">Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2578" xlink:to="label2578" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="element2579" />
        <label xlink:type="resource" xlink:label="label2579" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_en-US">Available For Sale Securities And Held To Maturity Securities [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2579" xlink:to="label2579" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract" xlink:label="element2580" />
        <label xlink:type="resource" xlink:label="label2580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract_en-US">Disclosure Securities Rated Below Investment Grade Without Effect Of Financial Guarantee [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2580" xlink:to="label2580" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpAndNationalMember" xlink:label="element2581" />
        <label xlink:type="resource" xlink:label="label2581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MbiaCorpAndNationalMember_en-US">Mbia Corp And National [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2581" xlink:to="label2581" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpAndNationalMember" xlink:label="element2582" />
        <label xlink:type="resource" xlink:label="label2582" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaCorpAndNationalMember_en-US">Mbia Corp And National [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2582" xlink:to="label2582" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherInsurersMember" xlink:label="element2583" />
        <label xlink:type="resource" xlink:label="label2583" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherInsurersMember_en-US">Other Insurers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2583" xlink:to="label2583" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherInsurersMember" xlink:label="element2584" />
        <label xlink:type="resource" xlink:label="label2584" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherInsurersMember_en-US">Other Insurers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2584" xlink:to="label2584" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod" xlink:label="element2585" />
        <label xlink:type="resource" xlink:label="label2585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod_en-US">Additions For Credit Loss Impairments Recognized in Prior Periods For Securities That Were Reimpaired With Non Credit Component In Current Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2585" xlink:to="label2585" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod" xlink:label="element2586" />
        <label xlink:type="resource" xlink:label="label2586" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod_en-US">Additions For Credit Loss Impairments Recognized in Prior Periods For Securities That Were Reimpaired With Non Credit Component In Current Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2586" xlink:to="label2586" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage" xlink:label="element2587" />
        <label xlink:type="resource" xlink:label="label2587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage_en-US">Controlling Financial Interest Evidence By Voting Interest Greater Than Certain Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2587" xlink:to="label2587" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage" xlink:label="element2588" />
        <label xlink:type="resource" xlink:label="label2588" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage_en-US">Represents the percentage under which the Company does not have a controlling financial interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2588" xlink:to="label2588" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage" xlink:label="element2589" />
        <label xlink:type="resource" xlink:label="label2589" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage_en-US">Controlling Financial Interest In Or Exert Significant Influence Over An Entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2589" xlink:to="label2589" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AccountingPolicyLineItems" xlink:label="element2590" />
        <label xlink:type="resource" xlink:label="label2590" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AccountingPolicyLineItems_en-US">Accounting Policy [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2590" xlink:to="label2590" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfQualifiedFinancialGuaranteeContracts" xlink:label="element2591" />
        <label xlink:type="resource" xlink:label="label2591" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfQualifiedFinancialGuaranteeContracts_en-US">Percentage Of Qualified Financial Guarantee Contracts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2591" xlink:to="label2591" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfQualifiedFinancialGuaranteeContracts" xlink:label="element2592" />
        <label xlink:type="resource" xlink:label="label2592" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfQualifiedFinancialGuaranteeContracts_en-US">Represents the precentage of financial guarantee contracts that qualify for the financial guarantee scope exception.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2592" xlink:to="label2592" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfVariableInterestEntitiesConsolidated" xlink:label="element2593" />
        <label xlink:type="resource" xlink:label="label2593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfVariableInterestEntitiesConsolidated_en-US">Number of variable interest entities consolidated</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2593" xlink:to="label2593" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfVariableInterestEntitiesConsolidated" xlink:label="element2594" />
        <label xlink:type="resource" xlink:label="label2594" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfVariableInterestEntitiesConsolidated_en-US">Represents the number of VIEs consolidated during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2594" xlink:to="label2594" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="element2595" />
        <label xlink:type="resource" xlink:label="label2595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_en-US">Increase Decrease In Other Net Realized Gains Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2595" xlink:to="label2595" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="element2596" />
        <label xlink:type="resource" xlink:label="label2596" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_en-US">Increase decrease in other net Realized Gains Losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2596" xlink:to="label2596" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="element2597" />
        <label xlink:type="resource" xlink:label="label2597" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_en-US">Other net realized (gains) losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2597" xlink:to="label2597" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienResidentialMortgageBackedSecuritiesMember" xlink:label="element2598" />
        <label xlink:type="resource" xlink:label="label2598" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_en-US">First Lien Residential Mortgage Backed Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2598" xlink:to="label2598" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienResidentialMortgageBackedSecuritiesMember" xlink:label="element2599" />
        <label xlink:type="resource" xlink:label="label2599" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_en-US">First Lien Residential Mortgage Backed Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2599" xlink:to="label2599" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FirstLienResidentialMortgageBackedSecuritiesMember" xlink:label="element2600" />
        <label xlink:type="resource" xlink:label="label2600" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_en-US">First-Lien RMBS [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2600" xlink:to="label2600" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsolidatedVariableInterestEntitiesTax" xlink:label="element2601" />
        <label xlink:type="resource" xlink:label="label2601" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ConsolidatedVariableInterestEntitiesTax_en-US">Consolidated Variable Interest Entities Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2601" xlink:to="label2601" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsolidatedVariableInterestEntitiesTax" xlink:label="element2602" />
        <label xlink:type="resource" xlink:label="label2602" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ConsolidatedVariableInterestEntitiesTax_en-US">Consolidated variable interest entities, tax.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2602" xlink:to="label2602" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsolidatedVariableInterestEntitiesTax" xlink:label="element2603" />
        <label xlink:type="resource" xlink:label="label2603" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ConsolidatedVariableInterestEntitiesTax_en-US">Consolidated variable interest entities, net of tax of $23</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2603" xlink:to="label2603" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeconsolidatedVariableInterestEntitiesTax" xlink:label="element2604" />
        <label xlink:type="resource" xlink:label="label2604" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DeconsolidatedVariableInterestEntitiesTax_en-US">Deconsolidated Variable Interest Entities Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2604" xlink:to="label2604" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeconsolidatedVariableInterestEntitiesTax" xlink:label="element2605" />
        <label xlink:type="resource" xlink:label="label2605" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DeconsolidatedVariableInterestEntitiesTax_en-US">Deconsolidated variable interest entities, tax.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2605" xlink:to="label2605" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeconsolidatedVariableInterestEntitiesTax" xlink:label="element2606" />
        <label xlink:type="resource" xlink:label="label2606" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DeconsolidatedVariableInterestEntitiesTax_en-US">Deconsolidated variable interest entities, net of tax of $2</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2606" xlink:to="label2606" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AbsMbsCorporateObligationsMember" xlink:label="element2607" />
        <label xlink:type="resource" xlink:label="label2607" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AbsMbsCorporateObligationsMember_en-US">Abs Mbs Corporate Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2607" xlink:to="label2607" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AbsMbsCorporateObligationsMember" xlink:label="element2608" />
        <label xlink:type="resource" xlink:label="label2608" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AbsMbsCorporateObligationsMember_en-US">Total ABS, MBS and Corporate Obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2608" xlink:to="label2608" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AbsMbsCorporateObligationsMember" xlink:label="element2609" />
        <label xlink:type="resource" xlink:label="label2609" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AbsMbsCorporateObligationsMember_en-US">Total ABS MBS and Corporate Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2609" xlink:to="label2609" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateOnSurplusNotes" xlink:label="element2610" />
        <label xlink:type="resource" xlink:label="label2610" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InterestRateOnSurplusNotes_en-US">Interest Rate On Surplus Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2610" xlink:to="label2610" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateOnSurplusNotes" xlink:label="element2611" />
        <label xlink:type="resource" xlink:label="label2611" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InterestRateOnSurplusNotes_en-US">This element represents the interest rate on the Surplus Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2611" xlink:to="label2611" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InterestRateOnSurplusNotes" xlink:label="element2612" />
        <label xlink:type="resource" xlink:label="label2612" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InterestRateOnSurplusNotes_en-US">Interest rate on surplus notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2612" xlink:to="label2612" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetCounterpartyNettingAmountFairValue" xlink:label="element2613" />
        <label xlink:type="resource" xlink:label="label2613" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetCounterpartyNettingAmountFairValue_en-US">Derivative Asset Counterparty Netting Amount Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2613" xlink:to="label2613" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetCounterpartyNettingAmountFairValue" xlink:label="element2614" />
        <label xlink:type="resource" xlink:label="label2614" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetCounterpartyNettingAmountFairValue_en-US">Derivative Asset Counterparty Netting Amount Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2614" xlink:to="label2614" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetCounterpartyNettingAmountFairValue" xlink:label="element2615" />
        <label xlink:type="resource" xlink:label="label2615" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeAssetCounterpartyNettingAmountFairValue_en-US">Amount of counterparty netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2615" xlink:to="label2615" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilityCounterpartyNetting" xlink:label="element2616" />
        <label xlink:type="resource" xlink:label="label2616" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeLiabilityCounterpartyNetting_en-US">Derivative Liability Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2616" xlink:to="label2616" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilityCounterpartyNetting" xlink:label="element2617" />
        <label xlink:type="resource" xlink:label="label2617" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeLiabilityCounterpartyNetting_en-US">Derivative Liability Counterparty Netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2617" xlink:to="label2617" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeLiabilityCounterpartyNetting" xlink:label="element2618" />
        <label xlink:type="resource" xlink:label="label2618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DerivativeLiabilityCounterpartyNetting_en-US">Counterparty netting</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2618" xlink:to="label2618" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MediumTermNotesAndOtherInvestmentsMember" xlink:label="element2619" />
        <label xlink:type="resource" xlink:label="label2619" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MediumTermNotesAndOtherInvestmentsMember_en-US">Medium Term Notes And Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2619" xlink:to="label2619" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MediumTermNotesAndOtherInvestmentsMember" xlink:label="element2620" />
        <label xlink:type="resource" xlink:label="label2620" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MediumTermNotesAndOtherInvestmentsMember_en-US">Medium Term Notes And Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2620" xlink:to="label2620" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberTwoThousandTwelveToMayTwoThousandThirteenMember" xlink:label="element2621" />
        <label xlink:type="resource" xlink:label="label2621" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberTwoThousandTwelveToMayTwoThousandThirteenMember_en-US">December Two Thousand Twelve To May Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2621" xlink:to="label2621" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberTwoThousandTwelveToMayTwoThousandThirteenMember" xlink:label="element2622" />
        <label xlink:type="resource" xlink:label="label2622" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberTwoThousandTwelveToMayTwoThousandThirteenMember_en-US">December Two Thousand Twelve To May Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2622" xlink:to="label2622" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2623" />
        <label xlink:type="resource" xlink:label="label2623" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MarchThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">March Thirty One Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2623" xlink:to="label2623" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2624" />
        <label xlink:type="resource" xlink:label="label2624" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MarchThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">March Thirty One Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2624" xlink:to="label2624" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations" xlink:label="element2625" />
        <label xlink:type="resource" xlink:label="label2625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations_en-US">Assured Guaranty Favorable Ruling On Breach Of Mortgage Representations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2625" xlink:to="label2625" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations" xlink:label="element2626" />
        <label xlink:type="resource" xlink:label="label2626" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations_en-US">Assured Guaranty Favorable Ruling On Breach Of Mortgage Representations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2626" xlink:to="label2626" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations" xlink:label="element2627" />
        <label xlink:type="resource" xlink:label="label2627" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations_en-US">Assured Guaranty favorable ruling on breach of mortgage representations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2627" xlink:to="label2627" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RateReductionMember" xlink:label="element2628" />
        <label xlink:type="resource" xlink:label="label2628" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RateReductionMember_en-US">Rate Reduction [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2628" xlink:to="label2628" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RateReductionMember" xlink:label="element2629" />
        <label xlink:type="resource" xlink:label="label2629" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RateReductionMember_en-US">Rate Reduction Member [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2629" xlink:to="label2629" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecondLienRmbsIneligibleMortgageLoansMember" xlink:label="element2630" />
        <label xlink:type="resource" xlink:label="label2630" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SecondLienRmbsIneligibleMortgageLoansMember_en-US">Second-Lien RMBS Ineligible Mortgage Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2630" xlink:to="label2630" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecondLienRmbsIneligibleMortgageLoansMember" xlink:label="element2631" />
        <label xlink:type="resource" xlink:label="label2631" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SecondLienRmbsIneligibleMortgageLoansMember_en-US">Second-Lien RMBS Ineligible Mortgage Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2631" xlink:to="label2631" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankOfAmericaSettlementWithFannieMaeMember" xlink:label="element2632" />
        <label xlink:type="resource" xlink:label="label2632" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BankOfAmericaSettlementWithFannieMaeMember_en-US">Bank Of America Settlement With Fannie Mae [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2632" xlink:to="label2632" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankOfAmericaSettlementWithFannieMaeMember" xlink:label="element2633" />
        <label xlink:type="resource" xlink:label="label2633" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BankOfAmericaSettlementWithFannieMaeMember_en-US">Bank Of America Settlement With Fannie Mae [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2633" xlink:to="label2633" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateClaimAmount" xlink:label="element2634" />
        <label xlink:type="resource" xlink:label="label2634" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AggregateClaimAmount_en-US">Thus element represents the aggregate amounts of claim paid to date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2634" xlink:to="label2634" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateClaimAmount" xlink:label="element2635" />
        <label xlink:type="resource" xlink:label="label2635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AggregateClaimAmount_en-US">Aggregate Claim Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2635" xlink:to="label2635" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateClaimAmount" xlink:label="element2636" />
        <label xlink:type="resource" xlink:label="label2636" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AggregateClaimAmount_en-US">Aggregate claim amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2636" xlink:to="label2636" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects" xlink:label="element2637" />
        <label xlink:type="resource" xlink:label="label2637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects_en-US">Increase Decrease In Accumulated Other Comprehensive Income Loss Balances Net Of Tax Effects</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2637" xlink:to="label2637" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects" xlink:label="element2638" />
        <label xlink:type="resource" xlink:label="label2638" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects_en-US">Increase Decrease In Accumulated Other Comprehensive Income Loss Balances Net Of Tax Effects</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2638" xlink:to="label2638" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects" xlink:label="element2639" />
        <label xlink:type="resource" xlink:label="label2639" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects_en-US">Decrease accumulated other comprehensive income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2639" xlink:to="label2639" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetIncomeLoss" xlink:label="element2640" />
        <label xlink:type="resource" xlink:label="label2640" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncreaseDecreaseInNetIncomeLoss_en-US">Increase Decrease In Net Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2640" xlink:to="label2640" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetIncomeLoss" xlink:label="element2641" />
        <label xlink:type="resource" xlink:label="label2641" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncreaseDecreaseInNetIncomeLoss_en-US">Increase Decrease In Net Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2641" xlink:to="label2641" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncreaseDecreaseInNetIncomeLoss" xlink:label="element2642" />
        <label xlink:type="resource" xlink:label="label2642" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncreaseDecreaseInNetIncomeLoss_en-US">Increase in net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2642" xlink:to="label2642" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsOtherInvestmentsMember" xlink:label="element2643" />
        <label xlink:type="resource" xlink:label="label2643" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DerivativeAssetsOtherInvestmentsMember_en-US">Derivative Assets Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2643" xlink:to="label2643" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DerivativeAssetsOtherInvestmentsMember" xlink:label="element2644" />
        <label xlink:type="resource" xlink:label="label2644" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DerivativeAssetsOtherInvestmentsMember_en-US">Derivative Assets Other Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2644" xlink:to="label2644" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReleaseFromTaxSharingAgreementEscrowAccount" xlink:label="element2645" />
        <label xlink:type="resource" xlink:label="label2645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ReleaseFromTaxSharingAgreementEscrowAccount_en-US">Release From Tax Sharing Agreement Escrow Account</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2645" xlink:to="label2645" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReleaseFromTaxSharingAgreementEscrowAccount" xlink:label="element2646" />
        <label xlink:type="resource" xlink:label="label2646" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ReleaseFromTaxSharingAgreementEscrowAccount_en-US">This element represents the amount released from the escrow account related to the tax sharing agreement during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2646" xlink:to="label2646" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReleaseFromTaxSharingAgreementEscrowAccount" xlink:label="element2647" />
        <label xlink:type="resource" xlink:label="label2647" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ReleaseFromTaxSharingAgreementEscrowAccount_en-US">Amount released from tax escrow account</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2647" xlink:to="label2647" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchTwoThousandThirteenToAugustTwoThousandThirteenMember" xlink:label="element2648" />
        <label xlink:type="resource" xlink:label="label2648" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MarchTwoThousandThirteenToAugustTwoThousandThirteenMember_en-US">March Two Thousand Thirteen To August Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2648" xlink:to="label2648" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchTwoThousandThirteenToAugustTwoThousandThirteenMember" xlink:label="element2649" />
        <label xlink:type="resource" xlink:label="label2649" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MarchTwoThousandThirteenToAugustTwoThousandThirteenMember_en-US">March Two Thousand Thirteen To August Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2649" xlink:to="label2649" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeptemberThirtyTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2650" />
        <label xlink:type="resource" xlink:label="label2650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SeptemberThirtyTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">September Thirty Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2650" xlink:to="label2650" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeptemberThirtyTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2651" />
        <label xlink:type="resource" xlink:label="label2651" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SeptemberThirtyTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">September Thirty Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2651" xlink:to="label2651" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:label="element2652" />
        <label xlink:type="resource" xlink:label="label2652" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfVariableInterestEntitiesDeconsolidated_en-US">Number of variable interest entities deconsolidated</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2652" xlink:to="label2652" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:label="element2653" />
        <label xlink:type="resource" xlink:label="label2653" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfVariableInterestEntitiesDeconsolidated_en-US">Represents the number of VIEs deconsolidated during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2653" xlink:to="label2653" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialIntermediaryMember" xlink:label="element2654" />
        <label xlink:type="resource" xlink:label="label2654" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialIntermediaryMember_en-US">Financial Intermediary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2654" xlink:to="label2654" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialIntermediaryMember" xlink:label="element2655" />
        <label xlink:type="resource" xlink:label="label2655" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialIntermediaryMember_en-US">VIE that issues notes for the purpose of funding loans to the UK social housing sector.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2655" xlink:to="label2655" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherMember" xlink:label="element2656" />
        <label xlink:type="resource" xlink:label="label2656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AllOtherMember_en-US">All Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2656" xlink:to="label2656" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AllOtherMember" xlink:label="element2657" />
        <label xlink:type="resource" xlink:label="label2657" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AllOtherMember_en-US">All other derivative instruments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2657" xlink:to="label2657" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xlink:label="element2658" />
        <label xlink:type="resource" xlink:label="label2658" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock_en-US">Investments Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than Five Percent [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2658" xlink:to="label2658" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xlink:label="element2659" />
        <label xlink:type="resource" xlink:label="label2659" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock_en-US">Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2659" xlink:to="label2659" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xlink:label="element2660" />
        <label xlink:type="resource" xlink:label="label2660" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock_en-US">Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2660" xlink:to="label2660" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="element2661" />
        <label xlink:type="resource" xlink:label="label2661" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PerpetualDebtAndEquitySecuritiesMember_en-US">Perpetual Debt And Equity Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2661" xlink:to="label2661" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="element2662" />
        <label xlink:type="resource" xlink:label="label2662" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PerpetualDebtAndEquitySecuritiesMember_en-US">Investments in perpetual debt and other equity securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2662" xlink:to="label2662" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityNonPrimaryBeneficiaryMember" xlink:label="element2663" />
        <label xlink:type="resource" xlink:label="label2663" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_VariableInterestEntityNonPrimaryBeneficiaryMember_en-US">Variable Interest Entity Non Primary Beneficiary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2663" xlink:to="label2663" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOtherLawsuits" xlink:label="element2664" />
        <label xlink:type="resource" xlink:label="label2664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfOtherLawsuits_en-US">Number Of Other Lawsuits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2664" xlink:to="label2664" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOtherLawsuits" xlink:label="element2665" />
        <label xlink:type="resource" xlink:label="label2665" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfOtherLawsuits_en-US">Other material lawsuits pending</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2665" xlink:to="label2665" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOtherLawsuits" xlink:label="element2666" />
        <label xlink:type="resource" xlink:label="label2666" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfOtherLawsuits_en-US">Other material lawsuits pending</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2666" xlink:to="label2666" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ChangeInAbstract" xlink:label="element2667" />
        <label xlink:type="resource" xlink:label="label2667" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ChangeInAbstract_en-US">Change in: [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2667" xlink:to="label2667" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFairValueBelowBookValueMaximum" xlink:label="element2668" />
        <label xlink:type="resource" xlink:label="label2668" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfFairValueBelowBookValueMaximum_en-US">Percentage Of Fair Value Below Book Value Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2668" xlink:to="label2668" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFairValueBelowBookValueMaximum" xlink:label="element2669" />
        <label xlink:type="resource" xlink:label="label2669" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfFairValueBelowBookValueMaximum_en-US">Percentage Of Fair Value Below Book Value Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2669" xlink:to="label2669" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFairValueBelowBookValueMinimum" xlink:label="element2670" />
        <label xlink:type="resource" xlink:label="label2670" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfFairValueBelowBookValueMinimum_en-US">Percentage Of Fair Value Below Book Value Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2670" xlink:to="label2670" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfFairValueBelowBookValueMinimum" xlink:label="element2671" />
        <label xlink:type="resource" xlink:label="label2671" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfFairValueBelowBookValueMinimum_en-US">Percentage Of Fair Value Below Book Value Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2671" xlink:to="label2671" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueBelowBookValueByMoreThanFivePercentMember" xlink:label="element2672" />
        <label xlink:type="resource" xlink:label="label2672" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueBelowBookValueByMoreThanFivePercentMember_en-US">Fair Value Below Book Value By More Than Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2672" xlink:to="label2672" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueBelowBookValueByMoreThanFivePercentMember" xlink:label="element2673" />
        <label xlink:type="resource" xlink:label="label2673" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueBelowBookValueByMoreThanFivePercentMember_en-US">Fair Value Below Book Value By More Than Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2673" xlink:to="label2673" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankOfAmericaMember" xlink:label="element2674" />
        <label xlink:type="resource" xlink:label="label2674" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BankOfAmericaMember_en-US">Bank Of America [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2674" xlink:to="label2674" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BankOfAmericaMember" xlink:label="element2675" />
        <label xlink:type="resource" xlink:label="label2675" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BankOfAmericaMember_en-US">Bank of America</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2675" xlink:to="label2675" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsVIEMember" xlink:label="element2676" />
        <label xlink:type="resource" xlink:label="label2676" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherAssetsVIEMember_en-US">Other Assets V I E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2676" xlink:to="label2676" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsVIEMember" xlink:label="element2677" />
        <label xlink:type="resource" xlink:label="label2677" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherAssetsVIEMember_en-US">OtherAssets-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2677" xlink:to="label2677" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherAssetsVIEMember" xlink:label="element2678" />
        <label xlink:type="resource" xlink:label="label2678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherAssetsVIEMember_en-US">OtherAssets-VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2678" xlink:to="label2678" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExcludingBankOfAmericaAndFlagstarMember" xlink:label="element2679" />
        <label xlink:type="resource" xlink:label="label2679" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExcludingBankOfAmericaAndFlagstarMember_en-US">Excluding Bank Of America And Flagstar [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2679" xlink:to="label2679" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExcludingBankOfAmericaAndFlagstarMember" xlink:label="element2680" />
        <label xlink:type="resource" xlink:label="label2680" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExcludingBankOfAmericaAndFlagstarMember_en-US">Excluding Bank Of America And Flagstar [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2680" xlink:to="label2680" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WarrantTerm" xlink:label="element2681" />
        <label xlink:type="resource" xlink:label="label2681" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WarrantTerm_en-US">Warrant Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2681" xlink:to="label2681" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WarrantTerm" xlink:label="element2682" />
        <label xlink:type="resource" xlink:label="label2682" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WarrantTerm_en-US">Term of warrant in years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2682" xlink:to="label2682" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WarrantTerm" xlink:label="element2683" />
        <label xlink:type="resource" xlink:label="label2683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WarrantTerm_en-US">Warrant term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2683" xlink:to="label2683" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SubsidiaryCollateralPercentage" xlink:label="element2684" />
        <label xlink:type="resource" xlink:label="label2684" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SubsidiaryCollateralPercentage_en-US">Subsidiary Collateral Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2684" xlink:to="label2684" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SubsidiaryCollateralPercentage" xlink:label="element2685" />
        <label xlink:type="resource" xlink:label="label2685" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SubsidiaryCollateralPercentage_en-US">This element represents the percentage of the Company's equity interest in a subsidiary that is pledged as collateral.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2685" xlink:to="label2685" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SubsidiaryCollateralPercentage" xlink:label="element2686" />
        <label xlink:type="resource" xlink:label="label2686" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SubsidiaryCollateralPercentage_en-US">Equity interest collateral pledged percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2686" xlink:to="label2686" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinimumStatutoryCapitalRequirement" xlink:label="element2687" />
        <label xlink:type="resource" xlink:label="label2687" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MinimumStatutoryCapitalRequirement_en-US">Minimum Statutory Capital Requirement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2687" xlink:to="label2687" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinimumStatutoryCapitalRequirement" xlink:label="element2688" />
        <label xlink:type="resource" xlink:label="label2688" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MinimumStatutoryCapitalRequirement_en-US">This element represents the minimum statutory requirement required under the secured loan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2688" xlink:to="label2688" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinimumStatutoryCapitalRequirement" xlink:label="element2689" />
        <label xlink:type="resource" xlink:label="label2689" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_MinimumStatutoryCapitalRequirement_en-US">Minimum statutory capital required</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2689" xlink:to="label2689" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NationalSecuredLoan" xlink:label="element2690" />
        <label xlink:type="resource" xlink:label="label2690" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NationalSecuredLoan_en-US">National Secured Loan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2690" xlink:to="label2690" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NationalSecuredLoan" xlink:label="element2691" />
        <label xlink:type="resource" xlink:label="label2691" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NationalSecuredLoan_en-US">National secured loan with MBIA Insurance Corporation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2691" xlink:to="label2691" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NationalSecuredLoan" xlink:label="element2692" />
        <label xlink:type="resource" xlink:label="label2692" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NationalSecuredLoan_en-US">National secured loan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2692" xlink:to="label2692" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredRevolvingCreditAgreementTerm" xlink:label="element2693" />
        <label xlink:type="resource" xlink:label="label2693" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SecuredRevolvingCreditAgreementTerm_en-US">Secured Revolving Credit Agreement Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2693" xlink:to="label2693" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredRevolvingCreditAgreementTerm" xlink:label="element2694" />
        <label xlink:type="resource" xlink:label="label2694" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SecuredRevolvingCreditAgreementTerm_en-US">Term of secured revolving credit agreement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2694" xlink:to="label2694" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredRevolvingCreditAgreementTerm" xlink:label="element2695" />
        <label xlink:type="resource" xlink:label="label2695" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SecuredRevolvingCreditAgreementTerm_en-US">Line of credit term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2695" xlink:to="label2695" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SettlementWithoutPrejudiceTerm" xlink:label="element2696" />
        <label xlink:type="resource" xlink:label="label2696" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SettlementWithoutPrejudiceTerm_en-US">Settlement Without Prejudice Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2696" xlink:to="label2696" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SettlementWithoutPrejudiceTerm" xlink:label="element2697" />
        <label xlink:type="resource" xlink:label="label2697" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SettlementWithoutPrejudiceTerm_en-US">Period until settlement becomes settled with prejudice.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2697" xlink:to="label2697" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SettlementWithoutPrejudiceTerm" xlink:label="element2698" />
        <label xlink:type="resource" xlink:label="label2698" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SettlementWithoutPrejudiceTerm_en-US">Settlement without prejudice term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2698" xlink:to="label2698" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfResolvedArticleSeventyEightPlaintiffs" xlink:label="element2699" />
        <label xlink:type="resource" xlink:label="label2699" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfResolvedArticleSeventyEightPlaintiffs_en-US">Number Of Resolved Article Seventy Eight Plaintiffs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2699" xlink:to="label2699" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfResolvedArticleSeventyEightPlaintiffs" xlink:label="element2700" />
        <label xlink:type="resource" xlink:label="label2700" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfResolvedArticleSeventyEightPlaintiffs_en-US">This element represents the number of plaintiffs with which the Company has resolved the Article 78 litigation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2700" xlink:to="label2700" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfResolvedArticleSeventyEightPlaintiffs" xlink:label="element2701" />
        <label xlink:type="resource" xlink:label="label2701" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfResolvedArticleSeventyEightPlaintiffs_en-US">Number of resolved Article 78 plaintiffs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2701" xlink:to="label2701" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralMaximum" xlink:label="element2702" />
        <label xlink:type="resource" xlink:label="label2702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisposalOfAssetsCollateralMaximum_en-US">Disposal Of Assets Collateral Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2702" xlink:to="label2702" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralMaximum" xlink:label="element2703" />
        <label xlink:type="resource" xlink:label="label2703" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisposalOfAssetsCollateralMaximum_en-US">The maximum amount of assets that can be disposed without requiring repayment of the secured loan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2703" xlink:to="label2703" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralMaximum" xlink:label="element2704" />
        <label xlink:type="resource" xlink:label="label2704" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisposalOfAssetsCollateralMaximum_en-US">Disposal of assets maximum collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2704" xlink:to="label2704" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaIncSeniorNotesMember" xlink:label="element2705" />
        <label xlink:type="resource" xlink:label="label2705" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MbiaIncSeniorNotesMember_en-US">MBIA Inc Senior Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2705" xlink:to="label2705" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaIncSeniorNotesMember" xlink:label="element2706" />
        <label xlink:type="resource" xlink:label="label2706" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaIncSeniorNotesMember_en-US">MBIA Inc. senior notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2706" xlink:to="label2706" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpSurplusNotesMember" xlink:label="element2707" />
        <label xlink:type="resource" xlink:label="label2707" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MbiaCorpSurplusNotesMember_en-US">MBIA Corp Surplus Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2707" xlink:to="label2707" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaCorpSurplusNotesMember" xlink:label="element2708" />
        <label xlink:type="resource" xlink:label="label2708" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaCorpSurplusNotesMember_en-US">MBIA Corp. surplus notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2708" xlink:to="label2708" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiborRateLoansMember" xlink:label="element2709" />
        <label xlink:type="resource" xlink:label="label2709" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiborRateLoansMember_en-US">Libor Rate Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2709" xlink:to="label2709" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiborRateLoansMember" xlink:label="element2710" />
        <label xlink:type="resource" xlink:label="label2710" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiborRateLoansMember_en-US">This member represents the LIBOR based variable rate on the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2710" xlink:to="label2710" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BaseRateLoansMember" xlink:label="element2711" />
        <label xlink:type="resource" xlink:label="label2711" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BaseRateLoansMember_en-US">Base Rate Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2711" xlink:to="label2711" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BaseRateLoansMember" xlink:label="element2712" />
        <label xlink:type="resource" xlink:label="label2712" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BaseRateLoansMember_en-US">This member represents the base variable rate on the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2712" xlink:to="label2712" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApplicableMarginMember" xlink:label="element2713" />
        <label xlink:type="resource" xlink:label="label2713" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ApplicableMarginMember_en-US">Applicable Margin [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2713" xlink:to="label2713" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ApplicableMarginMember" xlink:label="element2714" />
        <label xlink:type="resource" xlink:label="label2714" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ApplicableMarginMember_en-US">This member represents the margin on thesecured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2714" xlink:to="label2714" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FederalFundsRateMarginMember" xlink:label="element2715" />
        <label xlink:type="resource" xlink:label="label2715" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FederalFundsRateMarginMember_en-US">Federal Funds Rate Margin [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2715" xlink:to="label2715" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FederalFundsRateMarginMember" xlink:label="element2716" />
        <label xlink:type="resource" xlink:label="label2716" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FederalFundsRateMarginMember_en-US">This member represents the margin abouve the federal funds rate on the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2716" xlink:to="label2716" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AdjustedLiborRateMarginMember" xlink:label="element2717" />
        <label xlink:type="resource" xlink:label="label2717" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AdjustedLiborRateMarginMember_en-US">Adjusted Libor Rate Margin [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2717" xlink:to="label2717" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AdjustedLiborRateMarginMember" xlink:label="element2718" />
        <label xlink:type="resource" xlink:label="label2718" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AdjustedLiborRateMarginMember_en-US">This member represents the margin above the adjusted LIBOR rate on the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2718" xlink:to="label2718" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetMinimumMember" xlink:label="element2719" />
        <label xlink:type="resource" xlink:label="label2719" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisposalOfAssetMinimumMember_en-US">Disposal Of Asset Minimum [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2719" xlink:to="label2719" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetMinimumMember" xlink:label="element2720" />
        <label xlink:type="resource" xlink:label="label2720" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisposalOfAssetMinimumMember_en-US">This member represents the munimum disposal od assets under the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2720" xlink:to="label2720" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityBorrowingMaximumPeriodMember" xlink:label="element2721" />
        <label xlink:type="resource" xlink:label="label2721" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiquidityBorrowingMaximumPeriodMember_en-US">Liquidity Borrowing Maximum Period [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2721" xlink:to="label2721" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityBorrowingMaximumPeriodMember" xlink:label="element2722" />
        <label xlink:type="resource" xlink:label="label2722" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiquidityBorrowingMaximumPeriodMember_en-US">This member represents the maximum repayment period where liquidity borrowing must be used under the secured line of credit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2722" xlink:to="label2722" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="element2723" />
        <label xlink:type="resource" xlink:label="label2723" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_en-US">Loss And Loss Adjustment Expense Recoveries [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2723" xlink:to="label2723" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="element2724" />
        <label xlink:type="resource" xlink:label="label2724" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_en-US">Loss And Loss Adjustment Expense Recoveries [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2724" xlink:to="label2724" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="element2725" />
        <label xlink:type="resource" xlink:label="label2725" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_en-US">Loss And Loss Adjustment Expense Recoveries [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2725" xlink:to="label2725" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="element2726" />
        <label xlink:type="resource" xlink:label="label2726" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_en-US">Loss And Loss Adjustment Expense Recoveries [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2726" xlink:to="label2726" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:label="element2727" />
        <label xlink:type="resource" xlink:label="label2727" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_en-US">Unrealized Loss Position Greater Than Twelve Months [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2727" xlink:to="label2727" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:label="element2728" />
        <label xlink:type="resource" xlink:label="label2728" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_en-US">This member represents securities that have been in an unrealized loss position for more than 12 months.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2728" xlink:to="label2728" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:label="element2729" />
        <label xlink:type="resource" xlink:label="label2729" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_en-US">Unrealized loss position &gt; 12 months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2729" xlink:to="label2729" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneTwoThousandThirteenToNovemberTwoThousandThirteenMember" xlink:label="element2730" />
        <label xlink:type="resource" xlink:label="label2730" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_JuneTwoThousandThirteenToNovemberTwoThousandThirteenMember_en-US">June Two Thousand Thirteen To November Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2730" xlink:to="label2730" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneTwoThousandThirteenToNovemberTwoThousandThirteenMember" xlink:label="element2731" />
        <label xlink:type="resource" xlink:label="label2731" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_JuneTwoThousandThirteenToNovemberTwoThousandThirteenMember_en-US">June Two Thousand Thirteen To November Two Thousand Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2731" xlink:to="label2731" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2732" />
        <label xlink:type="resource" xlink:label="label2732" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">December Thirty One Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2732" xlink:to="label2732" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="element2733" />
        <label xlink:type="resource" xlink:label="label2733" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_en-US">December Thirty One Two Thousand Thirteen To June Thirty Two Thousand Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2733" xlink:to="label2733" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RollforwardOfPremiumsReceivableTableTextBlock" xlink:label="element2734" />
        <label xlink:type="resource" xlink:label="label2734" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RollforwardOfPremiumsReceivableTableTextBlock_en-US">Rollforward Of Premiums Receivable [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2734" xlink:to="label2734" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RollforwardOfPremiumsReceivableTableTextBlock" xlink:label="element2735" />
        <label xlink:type="resource" xlink:label="label2735" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RollforwardOfPremiumsReceivableTableTextBlock_en-US">Rollforward of the financial guarantee premiums receivable.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2735" xlink:to="label2735" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RollforwardOfPremiumsReceivableTableTextBlock" xlink:label="element2736" />
        <label xlink:type="resource" xlink:label="label2736" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RollforwardOfPremiumsReceivableTableTextBlock_en-US">Rollforward of Premiums Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2736" xlink:to="label2736" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock" xlink:label="element2737" />
        <label xlink:type="resource" xlink:label="label2737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock_en-US">Undiscounted Future Premiums By Period [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2737" xlink:to="label2737" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock" xlink:label="element2738" />
        <label xlink:type="resource" xlink:label="label2738" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock_en-US">Amount to undiscounted future financial guarantee premiums to be collected by period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2738" xlink:to="label2738" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock" xlink:label="element2739" />
        <label xlink:type="resource" xlink:label="label2739" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock_en-US">Undiscounted Future Premiums By Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2739" xlink:to="label2739" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock" xlink:label="element2740" />
        <label xlink:type="resource" xlink:label="label2740" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock_en-US">Unearned Premium Reserve And Future Premium Earnings [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2740" xlink:to="label2740" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock" xlink:label="element2741" />
        <label xlink:type="resource" xlink:label="label2741" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock_en-US">Unearned Premium Reserve And Future Premium Earnings [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2741" xlink:to="label2741" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock" xlink:label="element2742" />
        <label xlink:type="resource" xlink:label="label2742" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock_en-US">Unearned Premium Reserve And Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2742" xlink:to="label2742" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapSettlementAmountPerTermSheet" xlink:label="element2743" />
        <label xlink:type="resource" xlink:label="label2743" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RescapSettlementAmountPerTermSheet_en-US">Rescap Settlement Amount Per Term Sheet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2743" xlink:to="label2743" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapSettlementAmountPerTermSheet" xlink:label="element2744" />
        <label xlink:type="resource" xlink:label="label2744" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RescapSettlementAmountPerTermSheet_en-US">Rescap Settlement Amount Per Term Sheet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2744" xlink:to="label2744" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapSettlementAmountPerTermSheet" xlink:label="element2745" />
        <label xlink:type="resource" xlink:label="label2745" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RescapSettlementAmountPerTermSheet_en-US">ResCap settlement amount per term sheet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2745" xlink:to="label2745" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentRepurchasedPercentOfParValue" xlink:label="element2746" />
        <label xlink:type="resource" xlink:label="label2746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DebtInstrumentRepurchasedPercentOfParValue_en-US">Debt Instrument Repurchased Percent Of Par Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2746" xlink:to="label2746" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentRepurchasedPercentOfParValue" xlink:label="element2747" />
        <label xlink:type="resource" xlink:label="label2747" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DebtInstrumentRepurchasedPercentOfParValue_en-US">Debt instruments repurchased weighted average percent of par value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2747" xlink:to="label2747" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentRepurchasedPercentOfParValue" xlink:label="element2748" />
        <label xlink:type="resource" xlink:label="label2748" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DebtInstrumentRepurchasedPercentOfParValue_en-US">Weighted average percent of par</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2748" xlink:to="label2748" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalFundingLimitedMember" xlink:label="element2749" />
        <label xlink:type="resource" xlink:label="label2749" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GlobalFundingLimitedMember_en-US">Global Funding Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2749" xlink:to="label2749" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GlobalFundingLimitedMember" xlink:label="element2750" />
        <label xlink:type="resource" xlink:label="label2750" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GlobalFundingLimitedMember_en-US">Global Funding Limited business</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2750" xlink:to="label2750" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments" xlink:label="element2751" />
        <label xlink:type="resource" xlink:label="label2751" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments_en-US">Loss And Loss Adjustment Expense Collections Net Of Reinsurance And Payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2751" xlink:to="label2751" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments" xlink:label="element2752" />
        <label xlink:type="resource" xlink:label="label2752" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments_en-US">Loss And Loss Adjustment Expense Collections Net Of Reinsurance And Payments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2752" xlink:to="label2752" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments" xlink:label="element2753" />
        <label xlink:type="resource" xlink:label="label2753" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments_en-US">Loss and loss adjustment expense collections, net of reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2753" xlink:to="label2753" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" xlink:label="element2754" />
        <label xlink:type="resource" xlink:label="label2754" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses_en-US">Reinsurance Recoverable On Unpaid Loss Adjustment Expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2754" xlink:to="label2754" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" xlink:label="element2755" />
        <label xlink:type="resource" xlink:label="label2755" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses_en-US">Reinsurance Recoverable On Unpaid LAE</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2755" xlink:to="label2755" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" xlink:label="element2756" />
        <label xlink:type="resource" xlink:label="label2756" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses_en-US">Reinsurance recoverable on unpaid LAE</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2756" xlink:to="label2756" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GeneralCorporatePurposesProceedsLimit" xlink:label="element2757" />
        <label xlink:type="resource" xlink:label="label2757" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GeneralCorporatePurposesProceedsLimit_en-US">General Corporate Purposes Proceeds Limit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2757" xlink:to="label2757" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GeneralCorporatePurposesProceedsLimit" xlink:label="element2758" />
        <label xlink:type="resource" xlink:label="label2758" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GeneralCorporatePurposesProceedsLimit_en-US">The secured loan limit that can be used for general corporate purposes.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2758" xlink:to="label2758" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GeneralCorporatePurposesProceedsLimit" xlink:label="element2759" />
        <label xlink:type="resource" xlink:label="label2759" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_GeneralCorporatePurposesProceedsLimit_en-US">General corporate purposes limit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2759" xlink:to="label2759" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityRequirementsPeriod" xlink:label="element2760" />
        <label xlink:type="resource" xlink:label="label2760" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiquidityRequirementsPeriod_en-US">Liquidity Requirements Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2760" xlink:to="label2760" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityRequirementsPeriod" xlink:label="element2761" />
        <label xlink:type="resource" xlink:label="label2761" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiquidityRequirementsPeriod_en-US">The period of projected ordinary course liquidity requirements that secured loan proceeds must be used for after meeting the general corporate purposes limit.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2761" xlink:to="label2761" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityRequirementsPeriod" xlink:label="element2762" />
        <label xlink:type="resource" xlink:label="label2762" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LiquidityRequirementsPeriod_en-US">Liquidity requirements period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2762" xlink:to="label2762" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PutbackRecoveriesCollateralPercentage" xlink:label="element2763" />
        <label xlink:type="resource" xlink:label="label2763" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PutbackRecoveriesCollateralPercentage_en-US">Putback Recoveries Collateral Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2763" xlink:to="label2763" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PutbackRecoveriesCollateralPercentage" xlink:label="element2764" />
        <label xlink:type="resource" xlink:label="label2764" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PutbackRecoveriesCollateralPercentage_en-US">The mandatory percentage of proceeds from put-back recoveries required to repay the secured loan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2764" xlink:to="label2764" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PutbackRecoveriesCollateralPercentage" xlink:label="element2765" />
        <label xlink:type="resource" xlink:label="label2765" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PutbackRecoveriesCollateralPercentage_en-US">Putback recoveries collateral percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2765" xlink:to="label2765" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo" xlink:label="element2766" />
        <label xlink:type="resource" xlink:label="label2766" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo_en-US">Other Prepayment Collateral Percentage After Year One To Year Two</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2766" xlink:to="label2766" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo" xlink:label="element2767" />
        <label xlink:type="resource" xlink:label="label2767" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo_en-US">The mandatory percentage of proceeds from other prepayment collateral required to repay the secured loan after year one to year two.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2767" xlink:to="label2767" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo" xlink:label="element2768" />
        <label xlink:type="resource" xlink:label="label2768" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo_en-US">Other prepayment collateral percentage after year one to year two</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2768" xlink:to="label2768" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree" xlink:label="element2769" />
        <label xlink:type="resource" xlink:label="label2769" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree_en-US">Other Prepayment Collateral Percentage After Year Two To Year Three</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2769" xlink:to="label2769" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree" xlink:label="element2770" />
        <label xlink:type="resource" xlink:label="label2770" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree_en-US">The mandatory percentage of proceeds from other prepayment collateral required to repay the secured loan after year two to year three.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2770" xlink:to="label2770" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree" xlink:label="element2771" />
        <label xlink:type="resource" xlink:label="label2771" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree_en-US">Other prepayment collateral percentage after year two to year three</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2771" xlink:to="label2771" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralPercentage" xlink:label="element2772" />
        <label xlink:type="resource" xlink:label="label2772" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DisposalOfAssetsCollateralPercentage_en-US">Disposal Of Assets Collateral Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2772" xlink:to="label2772" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralPercentage" xlink:label="element2773" />
        <label xlink:type="resource" xlink:label="label2773" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DisposalOfAssetsCollateralPercentage_en-US">The mandatory percentage of proceeds from disposals of assets required to repay the secured loan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2773" xlink:to="label2773" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DisposalOfAssetsCollateralPercentage" xlink:label="element2774" />
        <label xlink:type="resource" xlink:label="label2774" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DisposalOfAssetsCollateralPercentage_en-US">Disposal of assets collateral percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2774" xlink:to="label2774" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredLineOfCreditCollateral" xlink:label="element2775" />
        <label xlink:type="resource" xlink:label="label2775" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SecuredLineOfCreditCollateral_en-US">Secured Line Of Credit Collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2775" xlink:to="label2775" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredLineOfCreditCollateral" xlink:label="element2776" />
        <label xlink:type="resource" xlink:label="label2776" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SecuredLineOfCreditCollateral_en-US">The collateral required under terms of the line of credit agreement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2776" xlink:to="label2776" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SecuredLineOfCreditCollateral" xlink:label="element2777" />
        <label xlink:type="resource" xlink:label="label2777" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SecuredLineOfCreditCollateral_en-US">Secured line of credit collateral</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2777" xlink:to="label2777" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsMaximumAmount" xlink:label="element2778" />
        <label xlink:type="resource" xlink:label="label2778" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RemediationEffortsMaximumAmount_en-US">Remediation Efforts Maximum Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2778" xlink:to="label2778" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsMaximumAmount" xlink:label="element2779" />
        <label xlink:type="resource" xlink:label="label2779" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RemediationEffortsMaximumAmount_en-US">Maximum amount of remediation efforts with respect to insurance obligations and settlements of litigation that can be entered into without requiring consent.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2779" xlink:to="label2779" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsMaximumAmount" xlink:label="element2780" />
        <label xlink:type="resource" xlink:label="label2780" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RemediationEffortsMaximumAmount_en-US">Remediation efforts maximum amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2780" xlink:to="label2780" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsLoansOutstandingMaximumAmount" xlink:label="element2781" />
        <label xlink:type="resource" xlink:label="label2781" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RemediationEffortsLoansOutstandingMaximumAmount_en-US">Remediation Efforts Loans Outstanding Maximum Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2781" xlink:to="label2781" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsLoansOutstandingMaximumAmount" xlink:label="element2782" />
        <label xlink:type="resource" xlink:label="label2782" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RemediationEffortsLoansOutstandingMaximumAmount_en-US">The maximum amount of secured loans outstanding with regard to remediation efforts without consent.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2782" xlink:to="label2782" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsLoansOutstandingMaximumAmount" xlink:label="element2783" />
        <label xlink:type="resource" xlink:label="label2783" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RemediationEffortsLoansOutstandingMaximumAmount_en-US">Remediation efforts loans outstanding maximum amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2783" xlink:to="label2783" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsStatutoryCapitalReductionMaximum" xlink:label="element2784" />
        <label xlink:type="resource" xlink:label="label2784" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RemediationEffortsStatutoryCapitalReductionMaximum_en-US">Remediation Efforts Statutory Capital Reduction Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2784" xlink:to="label2784" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsStatutoryCapitalReductionMaximum" xlink:label="element2785" />
        <label xlink:type="resource" xlink:label="label2785" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RemediationEffortsStatutoryCapitalReductionMaximum_en-US">The maximum amount statutory capital can decline due to remediation efforts without consent.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2785" xlink:to="label2785" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RemediationEffortsStatutoryCapitalReductionMaximum" xlink:label="element2786" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityBorrowingsRepaymentPeriod" xlink:label="element2787" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityBorrowingsRepaymentPeriod" xlink:label="element2788" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2788" xlink:to="label2788" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiquidityBorrowingsRepaymentPeriod" xlink:label="element2789" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceInForceTextBlock" xlink:label="element2790" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsAbstract" xlink:label="element2793" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2794" xlink:to="label2794" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsTextBlock" xlink:label="element2795" />
        <label xlink:type="resource" xlink:label="label2795" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceRegulationsAndDividendsTextBlock_en-US">Insurance Regulations And Dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2795" xlink:to="label2795" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsTextBlock" xlink:label="element2796" />
        <label xlink:type="resource" xlink:label="label2796" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceRegulationsAndDividendsTextBlock_en-US">The entire disclosure of Insurance regulations and dividends.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2796" xlink:to="label2796" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetWriteOff" xlink:label="element2797" />
        <label xlink:type="resource" xlink:label="label2797" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DeferredTaxAssetWriteOff_en-US">Deferred tax asset write off</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2797" xlink:to="label2797" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetWriteOff" xlink:label="element2798" />
        <label xlink:type="resource" xlink:label="label2798" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DeferredTaxAssetWriteOff_en-US">Deferred Tax Asset Write Off</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2798" xlink:to="label2798" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredTaxAssetWriteOff" xlink:label="element2799" />
        <label xlink:type="resource" xlink:label="label2799" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DeferredTaxAssetWriteOff_en-US">Deferred tax asset write off.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2799" xlink:to="label2799" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2800" />
        <label xlink:type="resource" xlink:label="label2800" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares issued under Omnibus Plan in connection with stock options, count</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2800" xlink:to="label2800" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2801" />
        <label xlink:type="resource" xlink:label="label2801" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares Issued Under Stock Options Plan Counted In Long Term Incentive Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2801" xlink:to="label2801" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2802" />
        <label xlink:type="resource" xlink:label="label2802" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares issued under stock options plan counted in long-term incentive plan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2802" xlink:to="label2802" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2803" />
        <label xlink:type="resource" xlink:label="label2803" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares issued under Omnibus Plan in connection with other than stock options, count</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2803" xlink:to="label2803" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2804" />
        <label xlink:type="resource" xlink:label="label2804" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares Issued Under Other Than Stock Options Plan Counted In Long Term Incentive Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2804" xlink:to="label2804" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="element2805" />
        <label xlink:type="resource" xlink:label="label2805" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan_en-US">Shares issued under other than stock options plan counted in long-term incentive plan.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2805" xlink:to="label2805" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage" xlink:label="element2806" />
        <label xlink:type="resource" xlink:label="label2806" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage_en-US">ISO and NQSO granted price at fair value of common stock, percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2806" xlink:to="label2806" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage" xlink:label="element2807" />
        <label xlink:type="resource" xlink:label="label2807" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage_en-US">Incentive Stock Options And Non Qualified Stock Options Granted Price At Fair Value Of Common Stock Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2807" xlink:to="label2807" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage" xlink:label="element2808" />
        <label xlink:type="resource" xlink:label="label2808" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage_en-US">Incentive Stock Options And Non-Qualified Stock Options Granted Price At Fair Value Of Common Stock, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2808" xlink:to="label2808" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OmnibusPlanMember" xlink:label="element2809" />
        <label xlink:type="resource" xlink:label="label2809" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OmnibusPlanMember_en-US">Omnibus Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2809" xlink:to="label2809" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OmnibusPlanMember" xlink:label="element2810" />
        <label xlink:type="resource" xlink:label="label2810" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OmnibusPlanMember_en-US">Omnibus Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2810" xlink:to="label2810" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RestrictedShareUnitMember" xlink:label="element2811" />
        <label xlink:type="resource" xlink:label="label2811" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RestrictedShareUnitMember_en-US">Restricted Share Unit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2811" xlink:to="label2811" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RestrictedShareUnitMember" xlink:label="element2812" />
        <label xlink:type="resource" xlink:label="label2812" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RestrictedShareUnitMember_en-US">Restricted Share Unit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2812" xlink:to="label2812" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerformanceBasedAwardsMember" xlink:label="element2813" />
        <label xlink:type="resource" xlink:label="label2813" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PerformanceBasedAwardsMember_en-US">Performance Based Awards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2813" xlink:to="label2813" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PerformanceBasedAwardsMember" xlink:label="element2814" />
        <label xlink:type="resource" xlink:label="label2814" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PerformanceBasedAwardsMember_en-US">Performance Based Awards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2814" xlink:to="label2814" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredCashAwardsMember" xlink:label="element2815" />
        <label xlink:type="resource" xlink:label="label2815" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DeferredCashAwardsMember_en-US">Deferred Cash Awards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2815" xlink:to="label2815" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeferredCashAwardsMember" xlink:label="element2816" />
        <label xlink:type="resource" xlink:label="label2816" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DeferredCashAwardsMember_en-US">Deferred Cash Awards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2816" xlink:to="label2816" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_KeyEmployeesMember" xlink:label="element2817" />
        <label xlink:type="resource" xlink:label="label2817" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_KeyEmployeesMember_en-US">Key Employees [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2817" xlink:to="label2817" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_KeyEmployeesMember" xlink:label="element2818" />
        <label xlink:type="resource" xlink:label="label2818" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_KeyEmployeesMember_en-US">Key Employees [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2818" xlink:to="label2818" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AfterAmendmentMember" xlink:label="element2819" />
        <label xlink:type="resource" xlink:label="label2819" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AfterAmendmentMember_en-US">After Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2819" xlink:to="label2819" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AfterAmendmentMember" xlink:label="element2820" />
        <label xlink:type="resource" xlink:label="label2820" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AfterAmendmentMember_en-US">After Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2820" xlink:to="label2820" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AfterAmendmentMember" xlink:label="element2821" />
        <label xlink:type="resource" xlink:label="label2821" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AfterAmendmentMember_en-US">After May 1, 2012 Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2821" xlink:to="label2821" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PriorToAmendmentMember" xlink:label="element2822" />
        <label xlink:type="resource" xlink:label="label2822" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PriorToAmendmentMember_en-US">Prior To Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2822" xlink:to="label2822" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PriorToAmendmentMember" xlink:label="element2823" />
        <label xlink:type="resource" xlink:label="label2823" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PriorToAmendmentMember_en-US">Prior To Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2823" xlink:to="label2823" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PriorToAmendmentMember" xlink:label="element2824" />
        <label xlink:type="resource" xlink:label="label2824" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PriorToAmendmentMember_en-US">Prior To May 1, 2012 Amendment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2824" xlink:to="label2824" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="element2825" />
        <label xlink:type="resource" xlink:label="label2825" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_en-US">Number Of Options Or Restricted Share Awards Granted By Title Of Individual [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2825" xlink:to="label2825" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="element2826" />
        <label xlink:type="resource" xlink:label="label2826" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_en-US">Number Of Restricted Share Awards Granted By Title Of Individual Axis.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2826" xlink:to="label2826" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="element2827" />
        <label xlink:type="resource" xlink:label="label2827" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_en-US">Number Of Restricted Share Awards Granted By Title Of Individual [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2827" xlink:to="label2827" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="element2828" />
        <label xlink:type="resource" xlink:label="label2828" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_en-US">Number Of Options Awards Granted By Title Of Individual [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2828" xlink:to="label2828" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherOneMember" xlink:label="element2829" />
        <label xlink:type="resource" xlink:label="label2829" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherOneMember_en-US">Other One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2829" xlink:to="label2829" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherOneMember" xlink:label="element2830" />
        <label xlink:type="resource" xlink:label="label2830" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherOneMember_en-US">Other One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2830" xlink:to="label2830" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherOneMember" xlink:label="element2831" />
        <label xlink:type="resource" xlink:label="label2831" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherOneMember_en-US">Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2831" xlink:to="label2831" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OptionsExercisableMember" xlink:label="element2832" />
        <label xlink:type="resource" xlink:label="label2832" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OptionsExercisableMember_en-US">Options Exercisable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2832" xlink:to="label2832" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OptionsExercisableMember" xlink:label="element2833" />
        <label xlink:type="resource" xlink:label="label2833" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OptionsExercisableMember_en-US">Options Exercisable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2833" xlink:to="label2833" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock" xlink:label="element2834" />
        <label xlink:type="resource" xlink:label="label2834" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock_en-US">Number Of Restricted Share Awards Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2834" xlink:to="label2834" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock" xlink:label="element2835" />
        <label xlink:type="resource" xlink:label="label2835" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock_en-US">Schedule Of Number Of Restricted Shares Awards Granted [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2835" xlink:to="label2835" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock" xlink:label="element2836" />
        <label xlink:type="resource" xlink:label="label2836" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock_en-US">Schedule of number of restricted shares awards granted [Table Text Block].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2836" xlink:to="label2836" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock" xlink:label="element2837" />
        <label xlink:type="resource" xlink:label="label2837" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock_en-US">Number Of Options Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2837" xlink:to="label2837" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock" xlink:label="element2838" />
        <label xlink:type="resource" xlink:label="label2838" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock_en-US">Schedule Of Number Of Options Granted [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2838" xlink:to="label2838" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock" xlink:label="element2839" />
        <label xlink:type="resource" xlink:label="label2839" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock_en-US">Schedule of number of options granted [Table Text Block].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2839" xlink:to="label2839" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock" xlink:label="element2840" />
        <label xlink:type="resource" xlink:label="label2840" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock_en-US">Principal payments due under investment agreement obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2840" xlink:to="label2840" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock" xlink:label="element2841" />
        <label xlink:type="resource" xlink:label="label2841" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock_en-US">Expected Principal Payments Due UnderInvestment Agreements [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2841" xlink:to="label2841" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock" xlink:label="element2842" />
        <label xlink:type="resource" xlink:label="label2842" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock_en-US">Expected principal payments due under investment agreements [Table Text Block].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2842" xlink:to="label2842" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock" xlink:label="element2843" />
        <label xlink:type="resource" xlink:label="label2843" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock_en-US">Principal payments due under medium-term note obligations based on contractual maturity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2843" xlink:to="label2843" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock" xlink:label="element2844" />
        <label xlink:type="resource" xlink:label="label2844" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock_en-US">Schedule Of Principal Payments Due Under Medium Term Note Obligations Based On Contractual Maturity [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2844" xlink:to="label2844" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock" xlink:label="element2845" />
        <label xlink:type="resource" xlink:label="label2845" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock_en-US">Schedule of principal payments due under medium-term note obligations based on contractual maturity [Table Text Block].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2845" xlink:to="label2845" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock" xlink:label="element2846" />
        <label xlink:type="resource" xlink:label="label2846" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock_en-US">Maturity of VIE notes, by segment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2846" xlink:to="label2846" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock" xlink:label="element2847" />
        <label xlink:type="resource" xlink:label="label2847" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock_en-US">Schedule Of Maturity Of Variable Interest Entities Notes By Segment [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2847" xlink:to="label2847" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock" xlink:label="element2848" />
        <label xlink:type="resource" xlink:label="label2848" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock_en-US">Schedule of maturity of variable interest entities notes, by segment [Table Text Block].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2848" xlink:to="label2848" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermDebtBeforeSurplusNotesNoncurrent" xlink:label="element2849" />
        <label xlink:type="resource" xlink:label="label2849" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_LongTermDebtBeforeSurplusNotesNoncurrent_en-US">Subtotal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2849" xlink:to="label2849" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermDebtBeforeSurplusNotesNoncurrent" xlink:label="element2850" />
        <label xlink:type="resource" xlink:label="label2850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LongTermDebtBeforeSurplusNotesNoncurrent_en-US">Long Term Debt Before Surplus Notes Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2850" xlink:to="label2850" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermDebtBeforeSurplusNotesNoncurrent" xlink:label="element2851" />
        <label xlink:type="resource" xlink:label="label2851" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LongTermDebtBeforeSurplusNotesNoncurrent_en-US">Long-term debt before surplus notes, noncurrent.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2851" xlink:to="label2851" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentMaturityYear" xlink:label="element2852" />
        <label xlink:type="resource" xlink:label="label2852" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DebtInstrumentMaturityYear_en-US">Long-term debt, maturity year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2852" xlink:to="label2852" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentMaturityYear" xlink:label="element2853" />
        <label xlink:type="resource" xlink:label="label2853" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DebtInstrumentMaturityYear_en-US">Debt Instrument Maturity Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2853" xlink:to="label2853" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentMaturityYear" xlink:label="element2854" />
        <label xlink:type="resource" xlink:label="label2854" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DebtInstrumentMaturityYear_en-US">Debt instrument maturity year.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2854" xlink:to="label2854" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForFirstFifthAnniversary" xlink:label="element2855" />
        <label xlink:type="resource" xlink:label="label2855" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DebtInstrumentCallDateForFirstFifthAnniversary_en-US">Callable date for fifth anniversary of initial callable date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2855" xlink:to="label2855" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForFirstFifthAnniversary" xlink:label="element2856" />
        <label xlink:type="resource" xlink:label="label2856" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DebtInstrumentCallDateForFirstFifthAnniversary_en-US">Debt Instrument Call Date For First Fifth Anniversary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2856" xlink:to="label2856" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForFirstFifthAnniversary" xlink:label="element2857" />
        <label xlink:type="resource" xlink:label="label2857" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DebtInstrumentCallDateForFirstFifthAnniversary_en-US">Debt instrument, call date for first fifth anniversary.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2857" xlink:to="label2857" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForSecondFifthAnniversary" xlink:label="element2858" />
        <label xlink:type="resource" xlink:label="label2858" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DebtInstrumentCallDateForSecondFifthAnniversary_en-US">Callable date for subsequent fifth anniversary of initial callable date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2858" xlink:to="label2858" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForSecondFifthAnniversary" xlink:label="element2859" />
        <label xlink:type="resource" xlink:label="label2859" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DebtInstrumentCallDateForSecondFifthAnniversary_en-US">Debt Instrument Call Date For Second Fifth Anniversary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2859" xlink:to="label2859" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentCallDateForSecondFifthAnniversary" xlink:label="element2860" />
        <label xlink:type="resource" xlink:label="label2860" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DebtInstrumentCallDateForSecondFifthAnniversary_en-US">Debt instrument call date for second fifth anniversary.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2860" xlink:to="label2860" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="element2861" />
        <label xlink:type="resource" xlink:label="label2861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_en-US">Six Point Four Zero Zero Percentage Senior Notes Due Two Thousand Twenty Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2861" xlink:to="label2861" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="element2862" />
        <label xlink:type="resource" xlink:label="label2862" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_en-US">Six point four zero zero percentage senior notes due two thousand twenty two [Member].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2862" xlink:to="label2862" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="element2863" />
        <label xlink:type="resource" xlink:label="label2863" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_en-US">6.400% Senior Notes Due 2022 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2863" xlink:to="label2863" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember" xlink:label="element2864" />
        <label xlink:type="resource" xlink:label="label2864" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember_en-US">Seven Point Zero Zero Zero Percentage Debentures Due Two Thousand Twenty Five [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2864" xlink:to="label2864" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember" xlink:label="element2865" />
        <label xlink:type="resource" xlink:label="label2865" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember_en-US">Seven Point Zero Zero Zero Percentage Debentures Due Two Thousand Twenty Five [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2865" xlink:to="label2865" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember" xlink:label="element2866" />
        <label xlink:type="resource" xlink:label="label2866" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember_en-US">7.000% Debentures Due 2025 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2866" xlink:to="label2866" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember" xlink:label="element2867" />
        <label xlink:type="resource" xlink:label="label2867" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember_en-US">Seven Point One Five Zero Percentage Debentures Due Two Thousand Twenty Seven [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2867" xlink:to="label2867" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember" xlink:label="element2868" />
        <label xlink:type="resource" xlink:label="label2868" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember_en-US">Seven Point One Five Zero Percentage Debentures Due Two Thousand Twenty Seven [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2868" xlink:to="label2868" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember" xlink:label="element2869" />
        <label xlink:type="resource" xlink:label="label2869" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember_en-US">7.150% Debentures Due 2027 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2869" xlink:to="label2869" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember" xlink:label="element2870" />
        <label xlink:type="resource" xlink:label="label2870" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember_en-US">Six Point Six Two Five Percentage Debentures DueTwoThousandTwenty Eight [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2870" xlink:to="label2870" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember" xlink:label="element2871" />
        <label xlink:type="resource" xlink:label="label2871" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember_en-US">Six Point Six Two Five Percentage Debentures Due Two Thousand Twenty Eight [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2871" xlink:to="label2871" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember" xlink:label="element2872" />
        <label xlink:type="resource" xlink:label="label2872" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember_en-US">6.625% Debentures Due 2028 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2872" xlink:to="label2872" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember" xlink:label="element2873" />
        <label xlink:type="resource" xlink:label="label2873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_en-US">Five Point Seven Zero Zero Percentage Senior Notes Due Two Thousand Thirty Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2873" xlink:to="label2873" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember" xlink:label="element2874" />
        <label xlink:type="resource" xlink:label="label2874" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_en-US">Five point seven zero zero percentage senior notes due two thousand thirty four [Member].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2874" xlink:to="label2874" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember" xlink:label="element2875" />
        <label xlink:type="resource" xlink:label="label2875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_en-US">5.700% Senior Notes Due 2034 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2875" xlink:to="label2875" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember" xlink:label="element2876" />
        <label xlink:type="resource" xlink:label="label2876" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_en-US">Fourteen Percentage Surplus Notes Due Two Thousand Thirty Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2876" xlink:to="label2876" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember" xlink:label="element2877" />
        <label xlink:type="resource" xlink:label="label2877" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_en-US">Fourteen percentage surplus notes due two thousand thirty three [Member].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2877" xlink:to="label2877" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember" xlink:label="element2878" />
        <label xlink:type="resource" xlink:label="label2878" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_en-US">14% Surplus Notes Due 2033 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2878" xlink:to="label2878" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NotesCallablePrice" xlink:label="element2879" />
        <label xlink:type="resource" xlink:label="label2879" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NotesCallablePrice_en-US">Notes Callable Price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2879" xlink:to="label2879" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NotesCallablePrice" xlink:label="element2880" />
        <label xlink:type="resource" xlink:label="label2880" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NotesCallablePrice_en-US">Notes callable price.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2880" xlink:to="label2880" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NotesCallablePrice" xlink:label="element2881" />
        <label xlink:type="resource" xlink:label="label2881" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NotesCallablePrice_en-US">Callable, price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2881" xlink:to="label2881" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest" xlink:label="element2882" />
        <label xlink:type="resource" xlink:label="label2882" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest_en-US">Less discount and other adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2882" xlink:to="label2882" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest" xlink:label="element2883" />
        <label xlink:type="resource" xlink:label="label2883" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest_en-US">Discounts net of fair value adjustments and accrued interest.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2883" xlink:to="label2883" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest" xlink:label="element2884" />
        <label xlink:type="resource" xlink:label="label2884" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest_en-US">Discounts Net Of Fair Value Adjustments And Accrued Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2884" xlink:to="label2884" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentFairValueAdjustment" xlink:label="element2885" />
        <label xlink:type="resource" xlink:label="label2885" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DebtInstrumentFairValueAdjustment_en-US">Fair value adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2885" xlink:to="label2885" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentFairValueAdjustment" xlink:label="element2886" />
        <label xlink:type="resource" xlink:label="label2886" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DebtInstrumentFairValueAdjustment_en-US">Debt Instrument Fair Value Adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2886" xlink:to="label2886" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DebtInstrumentFairValueAdjustment" xlink:label="element2887" />
        <label xlink:type="resource" xlink:label="label2887" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DebtInstrumentFairValueAdjustment_en-US">Fair value adjustment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2887" xlink:to="label2887" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentAgreementObligationsMember" xlink:label="element2888" />
        <label xlink:type="resource" xlink:label="label2888" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentAgreementObligationsMember_en-US">Investment Agreement Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2888" xlink:to="label2888" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentAgreementObligationsMember" xlink:label="element2889" />
        <label xlink:type="resource" xlink:label="label2889" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentAgreementObligationsMember_en-US">Investment agreement obligations [Member].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2889" xlink:to="label2889" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityDebtMember" xlink:label="element2890" />
        <label xlink:type="resource" xlink:label="label2890" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_VariableInterestEntityDebtMember_en-US">Variable Interest Entity Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2890" xlink:to="label2890" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VariableInterestEntityDebtMember" xlink:label="element2891" />
        <label xlink:type="resource" xlink:label="label2891" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_VariableInterestEntityDebtMember_en-US">Variable Interest Entity Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2891" xlink:to="label2891" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="element2892" />
        <label xlink:type="resource" xlink:label="label2892" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_en-US">Available For Sale Securities Gross Unrealized Loss Accumulated In Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2892" xlink:to="label2892" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="element2893" />
        <label xlink:type="resource" xlink:label="label2893" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_en-US">Amount of accumulated pre-tax unrealized losses before deducting pre-tax unrealized gains on investments in available-for-sale securities impacting investments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2893" xlink:to="label2893" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="element2894" />
        <label xlink:type="resource" xlink:label="label2894" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_en-US">Gross unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2894" xlink:to="label2894" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="element2895" />
        <label xlink:type="resource" xlink:label="label2895" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_en-US">Total available-for-sale, unrealized losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2895" xlink:to="label2895" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2896" />
        <label xlink:type="resource" xlink:label="label2896" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Revenue From Transactions With Other Operating Segments Of Same Entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2896" xlink:to="label2896" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2897" />
        <label xlink:type="resource" xlink:label="label2897" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Intersegment revenues in the consolidated group.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2897" xlink:to="label2897" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2898" />
        <label xlink:type="resource" xlink:label="label2898" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Inter-segment revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2898" xlink:to="label2898" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2899" />
        <label xlink:type="resource" xlink:label="label2899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Expense From Transactions With Other Operating Segments Of Same Entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2899" xlink:to="label2899" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2900" />
        <label xlink:type="resource" xlink:label="label2900" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Intersegmentexpenses in the consolidated group.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2900" xlink:to="label2900" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="element2901" />
        <label xlink:type="resource" xlink:label="label2901" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity_en-US">Inter-segment expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2901" xlink:to="label2901" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock" xlink:label="element2902" />
        <label xlink:type="resource" xlink:label="label2902" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock_en-US">Schedule Of Insurance In Force By Geographic Location Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2902" xlink:to="label2902" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock" xlink:label="element2903" />
        <label xlink:type="resource" xlink:label="label2903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock_en-US">Insurance in force by geographic location</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2903" xlink:to="label2903" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock" xlink:label="element2904" />
        <label xlink:type="resource" xlink:label="label2904" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock_en-US">Tabular disclosure of insurance in force by geographic location of risk excluding transactions on behalf of investment management affiliates.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2904" xlink:to="label2904" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock" xlink:label="element2905" />
        <label xlink:type="resource" xlink:label="label2905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock_en-US">Schedule Of Insurance In Force By Bond Type Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2905" xlink:to="label2905" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock" xlink:label="element2906" />
        <label xlink:type="resource" xlink:label="label2906" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock_en-US">Insurance in force by bond type</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2906" xlink:to="label2906" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock" xlink:label="element2907" />
        <label xlink:type="resource" xlink:label="label2907" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock_en-US">Tabular disclosure of insurance in force by type of bond excluding transactions on behalf of investment management affiliates.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2907" xlink:to="label2907" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock" xlink:label="element2908" />
        <label xlink:type="resource" xlink:label="label2908" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock_en-US">Summary Of Reinsurance Agreements For Insurance Operations Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2908" xlink:to="label2908" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock" xlink:label="element2909" />
        <label xlink:type="resource" xlink:label="label2909" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock_en-US">Reinsurance agreements for insurance operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2909" xlink:to="label2909" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock" xlink:label="element2910" />
        <label xlink:type="resource" xlink:label="label2910" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock_en-US">Tabular disclosure of reinsurance agreements for the US Public Finance and Structured Finance insurance operations.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2910" xlink:to="label2910" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock" xlink:label="element2911" />
        <label xlink:type="resource" xlink:label="label2911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock_en-US">Summary Of Financial Guarantee Net Premiums Earned Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2911" xlink:to="label2911" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock" xlink:label="element2912" />
        <label xlink:type="resource" xlink:label="label2912" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock_en-US">Financial guarantee net premiums earned</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2912" xlink:to="label2912" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock" xlink:label="element2913" />
        <label xlink:type="resource" xlink:label="label2913" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock_en-US">Tabular disclosure of financial guaantee net premiums earned including premiums assumed from and ceded to other companies.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2913" xlink:to="label2913" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AveragerateMember" xlink:label="element2914" />
        <label xlink:type="resource" xlink:label="label2914" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AveragerateMember_en-US">Average Rate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2914" xlink:to="label2914" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AveragerateMember" xlink:label="element2915" />
        <label xlink:type="resource" xlink:label="label2915" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AveragerateMember_en-US">Average interest rate during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2915" xlink:to="label2915" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BlueRidgeMember" xlink:label="element2916" />
        <label xlink:type="resource" xlink:label="label2916" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BlueRidgeMember_en-US">Blue Ridge [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2916" xlink:to="label2916" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BlueRidgeMember" xlink:label="element2917" />
        <label xlink:type="resource" xlink:label="label2917" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BlueRidgeMember_en-US">Blue Ridge</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2917" xlink:to="label2917" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceInForceExpectedMaturityRangeYears" xlink:label="element2918" />
        <label xlink:type="resource" xlink:label="label2918" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceInForceExpectedMaturityRangeYears_en-US">Insurance in force, expected maturity range, years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2918" xlink:to="label2918" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceInForceExpectedMaturityRangeYears" xlink:label="element2919" />
        <label xlink:type="resource" xlink:label="label2919" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceInForceExpectedMaturityRangeYears_en-US">Insurance in force, expected maturity range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2919" xlink:to="label2919" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceInForceExpectedMaturityRangeYears" xlink:label="element2920" />
        <label xlink:type="resource" xlink:label="label2920" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceInForceExpectedMaturityRangeYears_en-US">Insurance In Force Expected Maturity Range Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2920" xlink:to="label2920" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyReinsurance" xlink:label="element2921" />
        <label xlink:type="resource" xlink:label="label2921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ThirdPartyReinsurance_en-US">Third party reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2921" xlink:to="label2921" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyReinsurance" xlink:label="element2922" />
        <label xlink:type="resource" xlink:label="label2922" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ThirdPartyReinsurance_en-US">Third Party Reinsurance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2922" xlink:to="label2922" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ThirdPartyReinsurance" xlink:label="element2923" />
        <label xlink:type="resource" xlink:label="label2923" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ThirdPartyReinsurance_en-US">Third party reinsurance available via novation agreement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2923" xlink:to="label2923" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfInsuranceInForceForFgicPolicies" xlink:label="element2924" />
        <label xlink:type="resource" xlink:label="label2924" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AmountOfInsuranceInForceForFgicPolicies_en-US">Amount of insurance in force for FGIC policies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2924" xlink:to="label2924" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfInsuranceInForceForFgicPolicies" xlink:label="element2925" />
        <label xlink:type="resource" xlink:label="label2925" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AmountOfInsuranceInForceForFgicPolicies_en-US">Amount Of Insurance In Force For FGIC Policies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2925" xlink:to="label2925" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AmountOfInsuranceInForceForFgicPolicies" xlink:label="element2926" />
        <label xlink:type="resource" xlink:label="label2926" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AmountOfInsuranceInForceForFgicPolicies_en-US">Amount Of Insurance In Force For Fgic Policies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2926" xlink:to="label2926" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers" xlink:label="element2927" />
        <label xlink:type="resource" xlink:label="label2927" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_en-US">Aggregate amount of insured par outstanding ceded to reinsurers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2927" xlink:to="label2927" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers" xlink:label="element2928" />
        <label xlink:type="resource" xlink:label="label2928" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_en-US">Aggregate amount of insured par outstanding ceded to reinsurers.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2928" xlink:to="label2928" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers" xlink:label="element2929" />
        <label xlink:type="resource" xlink:label="label2929" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_en-US">Aggregate Amount Of Insured Par Outstanding Ceded To Reinsurers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2929" xlink:to="label2929" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates" xlink:label="element2930" />
        <label xlink:type="resource" xlink:label="label2930" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates_en-US">Transactions guaranteed by MBIA on behalf of various investment management service affiliates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2930" xlink:to="label2930" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates" xlink:label="element2931" />
        <label xlink:type="resource" xlink:label="label2931" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates_en-US">Transactions Guaranteed On Behalf Of Various Affiliates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2931" xlink:to="label2931" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates" xlink:label="element2932" />
        <label xlink:type="resource" xlink:label="label2932" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates_en-US">Transactions guaranteed on behalf of various affiliates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2932" xlink:to="label2932" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FutureGuaranteePaymentsMaturityRange" xlink:label="element2933" />
        <label xlink:type="resource" xlink:label="label2933" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FutureGuaranteePaymentsMaturityRange_en-US">Future guarantee payments, maturity range, (years)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2933" xlink:to="label2933" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FutureGuaranteePaymentsMaturityRange" xlink:label="element2934" />
        <label xlink:type="resource" xlink:label="label2934" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FutureGuaranteePaymentsMaturityRange_en-US">Future Guarantee Payments Maturity Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2934" xlink:to="label2934" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FutureGuaranteePaymentsMaturityRange" xlink:label="element2935" />
        <label xlink:type="resource" xlink:label="label2935" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FutureGuaranteePaymentsMaturityRange_en-US">Future Guarantee Payments Maturity Range</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2935" xlink:to="label2935" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount" xlink:label="element2936" />
        <label xlink:type="resource" xlink:label="label2936" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_en-US">Amount available under these letters of credit and trust arrangements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2936" xlink:to="label2936" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount" xlink:label="element2937" />
        <label xlink:type="resource" xlink:label="label2937" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_en-US">Reinsurance Recoverables Secured By Letters Of Credit Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2937" xlink:to="label2937" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount" xlink:label="element2938" />
        <label xlink:type="resource" xlink:label="label2938" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_en-US">Reinsurance Recoverables Secured By Letters Of Credit Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2938" xlink:to="label2938" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers" xlink:label="element2939" />
        <label xlink:type="resource" xlink:label="label2939" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers_en-US">Aggregate amount of insurance in force ceded to reinsurers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2939" xlink:to="label2939" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers" xlink:label="element2940" />
        <label xlink:type="resource" xlink:label="label2940" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers_en-US">Aggregate Amount Insurance In Force Outstanding Ceded To Reinsurers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2940" xlink:to="label2940" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers" xlink:label="element2941" />
        <label xlink:type="resource" xlink:label="label2941" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers_en-US">Aggregate Amount Of Insurance In Force Outstanding Ceded To Reinsurers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2941" xlink:to="label2941" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteesOfDerivativeContractsMember" xlink:label="element2942" />
        <label xlink:type="resource" xlink:label="label2942" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GuaranteesOfDerivativeContractsMember_en-US">Guarantees Of Derivative Contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2942" xlink:to="label2942" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GuaranteesOfDerivativeContractsMember" xlink:label="element2943" />
        <label xlink:type="resource" xlink:label="label2943" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GuaranteesOfDerivativeContractsMember_en-US">Guarantees Of Derivative Contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2943" xlink:to="label2943" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentAgreementContractsMember" xlink:label="element2944" />
        <label xlink:type="resource" xlink:label="label2944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentAgreementContractsMember_en-US">Investment Agreement Contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2944" xlink:to="label2944" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentAgreementContractsMember" xlink:label="element2945" />
        <label xlink:type="resource" xlink:label="label2945" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentAgreementContractsMember_en-US">Investment Agreement Contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2945" xlink:to="label2945" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentAgreementContractsMember" xlink:label="element2946" />
        <label xlink:type="resource" xlink:label="label2946" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentAgreementContractsMember_en-US">Investment Agreement Contracts and MTNs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2946" xlink:to="label2946" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuarantyInsuranceCompanyMember" xlink:label="element2947" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2947" xlink:to="label2947" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2954" xlink:to="label2954" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2958" xlink:to="label2958" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2959" xlink:to="label2959" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GeneralObligationMember" xlink:label="element2960" />
        <label xlink:type="resource" xlink:label="label2960" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GeneralObligationMember_en-US">General Obligation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2960" xlink:to="label2960" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2961" xlink:to="label2961" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GeneralObligationLeaseMember" xlink:label="element2962" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2962" xlink:to="label2962" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2963" xlink:to="label2963" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MunicipalUtilitiesMember" xlink:label="element2964" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2964" xlink:to="label2964" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxBackedMember" xlink:label="element2965" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2965" xlink:to="label2965" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TaxBackedMember" xlink:label="element2966" />
        <label xlink:type="resource" xlink:label="label2966" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TaxBackedMember_en-US">Tax-Backed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2966" xlink:to="label2966" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransportationMember" xlink:label="element2967" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2967" xlink:to="label2967" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TransportationMember" xlink:label="element2968" />
        <label xlink:type="resource" xlink:label="label2968" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TransportationMember_en-US">Transportation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2968" xlink:to="label2968" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HigherEducationMember" xlink:label="element2969" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2969" xlink:to="label2969" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HigherEducationMember" xlink:label="element2970" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2970" xlink:to="label2970" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2971" xlink:to="label2971" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HealthCareMember" xlink:label="element2972" />
        <label xlink:type="resource" xlink:label="label2972" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_HealthCareMember_en-US">Health Care [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2972" xlink:to="label2972" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MilitaryHousingMember" xlink:label="element2973" />
        <label xlink:type="resource" xlink:label="label2973" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MilitaryHousingMember_en-US">Military Housing [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2973" xlink:to="label2973" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MilitaryHousingMember" xlink:label="element2974" />
        <label xlink:type="resource" xlink:label="label2974" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MilitaryHousingMember_en-US">Military Housing [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2974" xlink:to="label2974" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestorOwnedUtilitiesMember" xlink:label="element2975" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2975" xlink:to="label2975" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestorOwnedUtilitiesMember" xlink:label="element2976" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2976" xlink:to="label2976" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MunicipalHousingMember" xlink:label="element2977" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2977" xlink:to="label2977" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MunicipalHousingMember" xlink:label="element2978" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2978" xlink:to="label2978" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StudentLoansMember" xlink:label="element2979" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2979" xlink:to="label2979" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StudentLoansMember" xlink:label="element2980" />
        <label xlink:type="resource" xlink:label="label2980" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StudentLoansMember_en-US">Student Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2980" xlink:to="label2980" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPublicFinanceMember" xlink:label="element2981" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2981" xlink:to="label2981" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherPublicFinanceMember" xlink:label="element2982" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2982" xlink:to="label2982" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InternationalUtilitiesMember" xlink:label="element2983" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2983" xlink:to="label2983" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InternationalUtilitiesMember" xlink:label="element2984" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2984" xlink:to="label2984" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2985" xlink:to="label2985" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2986" xlink:to="label2986" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LocalGovernmentsMember" xlink:label="element2987" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2987" xlink:to="label2987" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LocalGovernmentsMember" xlink:label="element2988" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2988" xlink:to="label2988" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2989" xlink:to="label2989" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2990" xlink:to="label2990" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyCorpMember" xlink:label="element2992" />
        <label xlink:type="resource" xlink:label="label2992" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssuredGuarantyCorpMember_en-US">Assured Guaranty Corp [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2992" xlink:to="label2992" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyReLtdMember" xlink:label="element2993" />
        <label xlink:type="resource" xlink:label="label2993" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssuredGuarantyReLtdMember_en-US">Assured Guaranty Re Ltd [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2993" xlink:to="label2993" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssuredGuarantyReLtdMember" xlink:label="element2994" />
        <label xlink:type="resource" xlink:label="label2994" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssuredGuarantyReLtdMember_en-US">Assured Guaranty Re Ltd [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2994" xlink:to="label2994" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OverseasPrivateInvestmentCorporationMember" xlink:label="element2995" />
        <label xlink:type="resource" xlink:label="label2995" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OverseasPrivateInvestmentCorporationMember_en-US">Overseas Private Investment Corporation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2995" xlink:to="label2995" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OverseasPrivateInvestmentCorporationMember" xlink:label="element2996" />
        <label xlink:type="resource" xlink:label="label2996" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OverseasPrivateInvestmentCorporationMember_en-US">Overseas Private Investment Corporation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2996" xlink:to="label2996" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExportDevelopmentCanadaMember" xlink:label="element2997" />
        <label xlink:type="resource" xlink:label="label2997" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExportDevelopmentCanadaMember_en-US">Export Development Canada [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2997" xlink:to="label2997" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExportDevelopmentCanadaMember" xlink:label="element2998" />
        <label xlink:type="resource" xlink:label="label2998" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExportDevelopmentCanadaMember_en-US">Export Development Canada [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2998" xlink:to="label2998" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherReinsurersMember" xlink:label="element2999" />
        <label xlink:type="resource" xlink:label="label2999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherReinsurersMember_en-US">Others [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2999" xlink:to="label2999" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherReinsurersMember" xlink:label="element3000" />
        <label xlink:type="resource" xlink:label="label3000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherReinsurersMember_en-US">Other Reinsurers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3000" xlink:to="label3000" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherReinsurersMember" xlink:label="element3001" />
        <label xlink:type="resource" xlink:label="label3001" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherReinsurersMember_en-US">Other Reinsurers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3001" xlink:to="label3001" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts" xlink:label="element3002" />
        <label xlink:type="resource" xlink:label="label3002" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts_en-US">Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3002" xlink:to="label3002" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts" xlink:label="element3003" />
        <label xlink:type="resource" xlink:label="label3003" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts_en-US">Gross Premium Earned Financial Guarantee</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3003" xlink:to="label3003" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts" xlink:label="element3004" />
        <label xlink:type="resource" xlink:label="label3004" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts_en-US">Gross Premium Earned Financial Guarantee Insurance Contracts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3004" xlink:to="label3004" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="element3005" />
        <label xlink:type="resource" xlink:label="label3005" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentsPledgedAsCollateralAmortizedCost_en-US">Investments pledged as collateral, amortized cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3005" xlink:to="label3005" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="element3006" />
        <label xlink:type="resource" xlink:label="label3006" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentsPledgedAsCollateralAmortizedCost_en-US">Investments Pledged As Collateral Amortized Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3006" xlink:to="label3006" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="element3007" />
        <label xlink:type="resource" xlink:label="label3007" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentsPledgedAsCollateralAmortizedCost_en-US">The amortized cost of investments pledged as collateral.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3007" xlink:to="label3007" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermAvailableForSaleMember" xlink:label="element3008" />
        <label xlink:type="resource" xlink:label="label3008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LongTermAvailableForSaleMember_en-US">Long Term Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3008" xlink:to="label3008" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermAvailableForSaleMember" xlink:label="element3009" />
        <label xlink:type="resource" xlink:label="label3009" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LongTermAvailableForSaleMember_en-US">Long Term Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3009" xlink:to="label3009" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LongTermAvailableForSaleMember" xlink:label="element3010" />
        <label xlink:type="resource" xlink:label="label3010" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LongTermAvailableForSaleMember_en-US">Long-Term Available-For-Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3010" xlink:to="label3010" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ShortTermAvailableForSaleMember" xlink:label="element3011" />
        <label xlink:type="resource" xlink:label="label3011" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ShortTermAvailableForSaleMember_en-US">Short Term Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3011" xlink:to="label3011" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ShortTermAvailableForSaleMember" xlink:label="element3012" />
        <label xlink:type="resource" xlink:label="label3012" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ShortTermAvailableForSaleMember_en-US">Short Term Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3012" xlink:to="label3012" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ShortTermAvailableForSaleMember" xlink:label="element3013" />
        <label xlink:type="resource" xlink:label="label3013" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ShortTermAvailableForSaleMember_en-US">Short-Term Available-For-Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3013" xlink:to="label3013" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EquityAvailableForSaleMember" xlink:label="element3014" />
        <label xlink:type="resource" xlink:label="label3014" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EquityAvailableForSaleMember_en-US">Equity Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3014" xlink:to="label3014" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EquityAvailableForSaleMember" xlink:label="element3015" />
        <label xlink:type="resource" xlink:label="label3015" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EquityAvailableForSaleMember_en-US">Equity Available For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3015" xlink:to="label3015" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsAtFairValueMember" xlink:label="element3016" />
        <label xlink:type="resource" xlink:label="label3016" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentsAtFairValueMember_en-US">Investments At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3016" xlink:to="label3016" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsAtFairValueMember" xlink:label="element3017" />
        <label xlink:type="resource" xlink:label="label3017" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentsAtFairValueMember_en-US">Investments At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3017" xlink:to="label3017" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet" xlink:label="element3018" />
        <label xlink:type="resource" xlink:label="label3018" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet_en-US">Percentage of Amount Assumed to Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3018" xlink:to="label3018" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet" xlink:label="element3019" />
        <label xlink:type="resource" xlink:label="label3019" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet_en-US">Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3019" xlink:to="label3019" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet" xlink:label="element3020" />
        <label xlink:type="resource" xlink:label="label3020" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet_en-US">Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3020" xlink:to="label3020" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsurancePremiumsAbstract" xlink:label="element3021" />
        <label xlink:type="resource" xlink:label="label3021" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsurancePremiumsAbstract_en-US">Insurance Premiums [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3021" xlink:to="label3021" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate" xlink:label="element3022" />
        <label xlink:type="resource" xlink:label="label3022" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate_en-US">Five years ended, December 31, 2034 and thereafter, Expected Collection of Premiums</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3022" xlink:to="label3022" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate" xlink:label="element3023" />
        <label xlink:type="resource" xlink:label="label3023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate_en-US">Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Twenty First Year And Thereafter From Balance Sheet Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3023" xlink:to="label3023" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate" xlink:label="element3024" />
        <label xlink:type="resource" xlink:label="label3024" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate_en-US">For financial guarantee insurance contracts, the aggregate amount of premium related to the premium receivable which is expected to be collected during the twenty first year and thereafter following the statement of financial position reporting date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3024" xlink:to="label3024" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsurancePremiumsLineItems" xlink:label="element3025" />
        <label xlink:type="resource" xlink:label="label3025" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsurancePremiumsLineItems_en-US">Insurance Premiums Line Items</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3025" xlink:to="label3025" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsurancePremiumsLineItems" xlink:label="element3026" />
        <label xlink:type="resource" xlink:label="label3026" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsurancePremiumsLineItems_en-US">Insurance Premiums [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3026" xlink:to="label3026" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate" xlink:label="element3027" />
        <label xlink:type="resource" xlink:label="label3027" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate_en-US">Five years ended, December 31, 2024, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3027" xlink:to="label3027" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate" xlink:label="element3028" />
        <label xlink:type="resource" xlink:label="label3028" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate_en-US">Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Sixth Through Tenth Year Following Balance Sheet Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3028" xlink:to="label3028" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate" xlink:label="element3029" />
        <label xlink:type="resource" xlink:label="label3029" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate_en-US">Financial guarantee insurance contracts, the amount of premium revenue expected to be recognized during the sixth through tenth year following the statement of financial position reporting date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3029" xlink:to="label3029" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate" xlink:label="element3030" />
        <label xlink:type="resource" xlink:label="label3030" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate_en-US">Five years ended, December 31, 2029, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3030" xlink:to="label3030" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate" xlink:label="element3031" />
        <label xlink:type="resource" xlink:label="label3031" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate_en-US">Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Eleventh Through Fifteenth Year Following Balance Sheet Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3031" xlink:to="label3031" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate" xlink:label="element3032" />
        <label xlink:type="resource" xlink:label="label3032" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate_en-US">Financial guarantee insurance contracts, the amount of premium revenue expected to be recognized during the eleventh through fifteenth year following the statement of financial position reporting date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3032" xlink:to="label3032" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate" xlink:label="element3033" />
        <label xlink:type="resource" xlink:label="label3033" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate_en-US">Five years ended, December 31, 2034 and thereafter, Total Expected Future Premium Earnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3033" xlink:to="label3033" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate" xlink:label="element3034" />
        <label xlink:type="resource" xlink:label="label3034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate_en-US">Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Sixteenth Year And Thereafter Following Balance Sheet Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3034" xlink:to="label3034" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate" xlink:label="element3035" />
        <label xlink:type="resource" xlink:label="label3035" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate_en-US">Financial guarantee insurance contracts, the amount of premium revenue expected to be recognized during the sixteenth year and thereafter following the statement of financial position reporting date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3035" xlink:to="label3035" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsurancePremiumsTableTable" xlink:label="element3036" />
        <label xlink:type="resource" xlink:label="label3036" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsurancePremiumsTableTable_en-US">Insurance Premiums [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3036" xlink:to="label3036" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsurancePremiumsTableTable" xlink:label="element3037" />
        <label xlink:type="resource" xlink:label="label3037" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsurancePremiumsTableTable_en-US">Insurance Premiums [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3037" xlink:to="label3037" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnearnedPremiumRevenueMember" xlink:label="element3038" />
        <label xlink:type="resource" xlink:label="label3038" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UnearnedPremiumRevenueMember_en-US">Unearned Premium Revenue [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3038" xlink:to="label3038" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UnearnedPremiumRevenueMember" xlink:label="element3039" />
        <label xlink:type="resource" xlink:label="label3039" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UnearnedPremiumRevenueMember_en-US">Unearned Premium Revenue [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3039" xlink:to="label3039" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UpfrontMember" xlink:label="element3040" />
        <label xlink:type="resource" xlink:label="label3040" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_UpfrontMember_en-US">Upfront [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3040" xlink:to="label3040" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_UpfrontMember" xlink:label="element3041" />
        <label xlink:type="resource" xlink:label="label3041" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_UpfrontMember_en-US">Upfront [Member].</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3041" xlink:to="label3041" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InstallmentsMember" xlink:label="element3042" />
        <label xlink:type="resource" xlink:label="label3042" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InstallmentsMember_en-US">Installments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3042" xlink:to="label3042" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InstallmentsMember" xlink:label="element3043" />
        <label xlink:type="resource" xlink:label="label3043" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InstallmentsMember_en-US">Installments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3043" xlink:to="label3043" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AccretionMember" xlink:label="element3044" />
        <label xlink:type="resource" xlink:label="label3044" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AccretionMember_en-US">Accretion [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3044" xlink:to="label3044" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AccretionMember" xlink:label="element3045" />
        <label xlink:type="resource" xlink:label="label3045" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AccretionMember_en-US">Accretion [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3045" xlink:to="label3045" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="element3046" />
        <label xlink:type="resource" xlink:label="label3046" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceRegulationsAndDividendsLineItems_en-US">Insurance Regulations And Dividends [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3046" xlink:to="label3046" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="element3047" />
        <label xlink:type="resource" xlink:label="label3047" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceRegulationsAndDividendsLineItems_en-US">Insurance Regulations And Dividends Line Items</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3047" xlink:to="label3047" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPolicyholdersSurplus" xlink:label="element3048" />
        <label xlink:type="resource" xlink:label="label3048" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfPolicyholdersSurplus_en-US">Percentage of policyholders' surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3048" xlink:to="label3048" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPolicyholdersSurplus" xlink:label="element3049" />
        <label xlink:type="resource" xlink:label="label3049" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfPolicyholdersSurplus_en-US">Percentage Of Policyholders Surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3049" xlink:to="label3049" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeficitOfQualifyingAssets" xlink:label="element3050" />
        <label xlink:type="resource" xlink:label="label3050" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DeficitOfQualifyingAssets_en-US">Deficit of qualifying assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3050" xlink:to="label3050" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeficitOfQualifyingAssets" xlink:label="element3051" />
        <label xlink:type="resource" xlink:label="label3051" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DeficitOfQualifyingAssets_en-US">Deficit Of Qualifying Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3051" xlink:to="label3051" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DeficitOfQualifyingAssets" xlink:label="element3052" />
        <label xlink:type="resource" xlink:label="label3052" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DeficitOfQualifyingAssets_en-US">Deficit Of Qualifying Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3052" xlink:to="label3052" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RequestedContingencyReserveReleaseToSurplus" xlink:label="element3053" />
        <label xlink:type="resource" xlink:label="label3053" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RequestedContingencyReserveReleaseToSurplus_en-US">Requested contingency reserve release to surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3053" xlink:to="label3053" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RequestedContingencyReserveReleaseToSurplus" xlink:label="element3054" />
        <label xlink:type="resource" xlink:label="label3054" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RequestedContingencyReserveReleaseToSurplus_en-US">The amount of contingency reserve requested to be released to surplus.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3054" xlink:to="label3054" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RequestedContingencyReserveReleaseToSurplus" xlink:label="element3055" />
        <label xlink:type="resource" xlink:label="label3055" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RequestedContingencyReserveReleaseToSurplus_en-US">Requested Contingency Reserve Release To Surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3055" xlink:to="label3055" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfAdjustedNetInvestmentIncome" xlink:label="element3056" />
        <label xlink:type="resource" xlink:label="label3056" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfAdjustedNetInvestmentIncome_en-US">Percentage of adjusted net investment income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3056" xlink:to="label3056" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfAdjustedNetInvestmentIncome" xlink:label="element3057" />
        <label xlink:type="resource" xlink:label="label3057" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfAdjustedNetInvestmentIncome_en-US">Percentage Of Adjusted Net Investment Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3057" xlink:to="label3057" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfAdjustedNetInvestmentIncome" xlink:label="element3058" />
        <label xlink:type="resource" xlink:label="label3058" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfAdjustedNetInvestmentIncome_en-US">Percentage of adjusted net investment income.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3058" xlink:to="label3058" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DividendPayingCapacity" xlink:label="element3059" />
        <label xlink:type="resource" xlink:label="label3059" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_DividendPayingCapacity_en-US">Dividend capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3059" xlink:to="label3059" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DividendPayingCapacity" xlink:label="element3060" />
        <label xlink:type="resource" xlink:label="label3060" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DividendPayingCapacity_en-US">Dividend Paying Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3060" xlink:to="label3060" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DividendPayingCapacity" xlink:label="element3061" />
        <label xlink:type="resource" xlink:label="label3061" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DividendPayingCapacity_en-US">Dividend paying capacity.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3061" xlink:to="label3061" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesUnassignedSurplus" xlink:label="element3062" />
        <label xlink:type="resource" xlink:label="label3062" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutoryAccountingPracticesUnassignedSurplus_en-US">Unassigned surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3062" xlink:to="label3062" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesUnassignedSurplus" xlink:label="element3063" />
        <label xlink:type="resource" xlink:label="label3063" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutoryAccountingPracticesUnassignedSurplus_en-US">Statutory Accounting Practices Unassigned Surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3063" xlink:to="label3063" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesUnassignedSurplus" xlink:label="element3064" />
        <label xlink:type="resource" xlink:label="label3064" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutoryAccountingPracticesUnassignedSurplus_en-US">Statutory accounting practices, unassigned surplus.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3064" xlink:to="label3064" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw" xlink:label="element3065" />
        <label xlink:type="resource" xlink:label="label3065" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw_en-US">Aggregate risk limits exceeded</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3065" xlink:to="label3065" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw" xlink:label="element3066" />
        <label xlink:type="resource" xlink:label="label3066" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw_en-US">Aggregate Risk Limits Exceeded Under New York Insurance Law</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3066" xlink:to="label3066" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw" xlink:label="element3067" />
        <label xlink:type="resource" xlink:label="label3067" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw_en-US">Aggregate risk limits exceeded under New York Insurance Law (NYIL).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3067" xlink:to="label3067" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesStatutoryNetLossAmount" xlink:label="element3068" />
        <label xlink:type="resource" xlink:label="label3068" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutoryAccountingPracticesStatutoryNetLossAmount_en-US">Statutory net loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3068" xlink:to="label3068" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesStatutoryNetLossAmount" xlink:label="element3069" />
        <label xlink:type="resource" xlink:label="label3069" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutoryAccountingPracticesStatutoryNetLossAmount_en-US">Statutory Accounting Practices Statutory Net Loss Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3069" xlink:to="label3069" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesStatutoryNetLossAmount" xlink:label="element3070" />
        <label xlink:type="resource" xlink:label="label3070" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutoryAccountingPracticesStatutoryNetLossAmount_en-US">Amount of net loss for the period determined using accounting principles prescribed or permitted by insurance regulators.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3070" xlink:to="label3070" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesCapital" xlink:label="element3071" />
        <label xlink:type="resource" xlink:label="label3071" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutoryAccountingPracticesCapital_en-US">Statutory capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3071" xlink:to="label3071" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesCapital" xlink:label="element3072" />
        <label xlink:type="resource" xlink:label="label3072" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutoryAccountingPracticesCapital_en-US">Statutory Accounting Practices Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3072" xlink:to="label3072" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesCapital" xlink:label="element3073" />
        <label xlink:type="resource" xlink:label="label3073" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutoryAccountingPracticesCapital_en-US">Statutory Accounting Practices defined as policyholders' surplus plus contingency reserves.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3073" xlink:to="label3073" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesSurplus" xlink:label="element3074" />
        <label xlink:type="resource" xlink:label="label3074" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutoryAccountingPracticesSurplus_en-US">Policyholders' surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3074" xlink:to="label3074" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesSurplus" xlink:label="element3075" />
        <label xlink:type="resource" xlink:label="label3075" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutoryAccountingPracticesSurplus_en-US">Statutory Accounting Practices Surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3075" xlink:to="label3075" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesSurplus" xlink:label="element3076" />
        <label xlink:type="resource" xlink:label="label3076" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutoryAccountingPracticesSurplus_en-US">Statutory accounting practices, surplus.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3076" xlink:to="label3076" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesContingencyReserves" xlink:label="element3077" />
        <label xlink:type="resource" xlink:label="label3077" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutoryAccountingPracticesContingencyReserves_en-US">Contingency reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3077" xlink:to="label3077" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesContingencyReserves" xlink:label="element3078" />
        <label xlink:type="resource" xlink:label="label3078" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutoryAccountingPracticesContingencyReserves_en-US">Statutory Accounting Practices Contingency Reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3078" xlink:to="label3078" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutoryAccountingPracticesContingencyReserves" xlink:label="element3079" />
        <label xlink:type="resource" xlink:label="label3079" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutoryAccountingPracticesContingencyReserves_en-US">Statutory accounting practices, contingency reserves.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3079" xlink:to="label3079" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="element3080" />
        <label xlink:type="resource" xlink:label="label3080" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceRegulationsAndDividendsTable_en-US">Insurance Regulations And Dividends [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3080" xlink:to="label3080" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="element3081" />
        <label xlink:type="resource" xlink:label="label3081" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceRegulationsAndDividendsTable_en-US">Insurance Regulations And Dividends [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3081" xlink:to="label3081" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OptionTwoMember" xlink:label="element3082" />
        <label xlink:type="resource" xlink:label="label3082" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OptionTwoMember_en-US">Option Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3082" xlink:to="label3082" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OptionTwoMember" xlink:label="element3083" />
        <label xlink:type="resource" xlink:label="label3083" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OptionTwoMember_en-US">Option Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3083" xlink:to="label3083" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears" xlink:label="element3084" />
        <label xlink:type="resource" xlink:label="label3084" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears_en-US">Vested after two years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3084" xlink:to="label3084" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears" xlink:label="element3085" />
        <label xlink:type="resource" xlink:label="label3085" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears_en-US">Percentage Of Pension Benefits Vested Due After Two Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3085" xlink:to="label3085" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears" xlink:label="element3086" />
        <label xlink:type="resource" xlink:label="label3086" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears_en-US">Percentage of pension benefits vested due after two years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3086" xlink:to="label3086" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears" xlink:label="element3087" />
        <label xlink:type="resource" xlink:label="label3087" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears_en-US">Vested after three years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3087" xlink:to="label3087" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears" xlink:label="element3088" />
        <label xlink:type="resource" xlink:label="label3088" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears_en-US">Percentage Of Pension Benefits Vested Due After Three Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3088" xlink:to="label3088" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears" xlink:label="element3089" />
        <label xlink:type="resource" xlink:label="label3089" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears_en-US">Percentage of pension benefits vested due after three years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3089" xlink:to="label3089" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears" xlink:label="element3090" />
        <label xlink:type="resource" xlink:label="label3090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears_en-US">Vested after four years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3090" xlink:to="label3090" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears" xlink:label="element3091" />
        <label xlink:type="resource" xlink:label="label3091" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears_en-US">Percentage Of Pension Benefits Vested Due After Four Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3091" xlink:to="label3091" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears" xlink:label="element3092" />
        <label xlink:type="resource" xlink:label="label3092" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears_en-US">Percentage of pension benefits vested due after four years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3092" xlink:to="label3092" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears" xlink:label="element3093" />
        <label xlink:type="resource" xlink:label="label3093" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears_en-US">Vested after five years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3093" xlink:to="label3093" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears" xlink:label="element3094" />
        <label xlink:type="resource" xlink:label="label3094" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears_en-US">Percentage Of Pension Benefits Vested Due After Five Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3094" xlink:to="label3094" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears" xlink:label="element3095" />
        <label xlink:type="resource" xlink:label="label3095" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears_en-US">Percentage of pension benefits vested due after five years.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3095" xlink:to="label3095" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QualifiedProfitSharingMember" xlink:label="element3096" />
        <label xlink:type="resource" xlink:label="label3096" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_QualifiedProfitSharingMember_en-US">Qualified Profit Sharing [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3096" xlink:to="label3096" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QualifiedProfitSharingMember" xlink:label="element3097" />
        <label xlink:type="resource" xlink:label="label3097" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_QualifiedProfitSharingMember_en-US">Qualified Profit Sharing [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3097" xlink:to="label3097" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QualifiedProfitSharingMember" xlink:label="element3098" />
        <label xlink:type="resource" xlink:label="label3098" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_QualifiedProfitSharingMember_en-US">Qualified profit-sharing/401(k) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3098" xlink:to="label3098" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfVotingInterestsOfCompany" xlink:label="element3099" />
        <label xlink:type="resource" xlink:label="label3099" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PercentageOfVotingInterestsOfCompany_en-US">Percentage Of Voting Interests Of Company</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3099" xlink:to="label3099" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfVotingInterestsOfCompany" xlink:label="element3100" />
        <label xlink:type="resource" xlink:label="label3100" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PercentageOfVotingInterestsOfCompany_en-US">Percentage of ownership of the Company defined as principal owners.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3100" xlink:to="label3100" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PercentageOfVotingInterestsOfCompany" xlink:label="element3101" />
        <label xlink:type="resource" xlink:label="label3101" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PercentageOfVotingInterestsOfCompany_en-US">Principal ownership percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3101" xlink:to="label3101" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfSuretyBonds" xlink:label="element3102" />
        <label xlink:type="resource" xlink:label="label3102" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfSuretyBonds_en-US">Number Of Surety Bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3102" xlink:to="label3102" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfSuretyBonds" xlink:label="element3103" />
        <label xlink:type="resource" xlink:label="label3103" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfSuretyBonds_en-US">Number of surety bonds executed to guarantee the payment obligations of the members of the Municipal Bond Insurance Association.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3103" xlink:to="label3103" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfSuretyBonds" xlink:label="element3104" />
        <label xlink:type="resource" xlink:label="label3104" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfSuretyBonds_en-US">Number of executed surety bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3104" xlink:to="label3104" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OutstandingExposureOnSuretyBonds" xlink:label="element3105" />
        <label xlink:type="resource" xlink:label="label3105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OutstandingExposureOnSuretyBonds_en-US">Outstanding Exposure On Surety Bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3105" xlink:to="label3105" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OutstandingExposureOnSuretyBonds" xlink:label="element3106" />
        <label xlink:type="resource" xlink:label="label3106" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OutstandingExposureOnSuretyBonds_en-US">Maximum amount the Company would be required to pay on the surety bonds.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3106" xlink:to="label3106" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OutstandingExposureOnSuretyBonds" xlink:label="element3107" />
        <label xlink:type="resource" xlink:label="label3107" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OutstandingExposureOnSuretyBonds_en-US">Surety bonds maximum exposure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3107" xlink:to="label3107" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoansToExecutiveOfficersOrDirectors" xlink:label="element3108" />
        <label xlink:type="resource" xlink:label="label3108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LoansToExecutiveOfficersOrDirectors_en-US">Loans To Executive Officers Or Directors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3108" xlink:to="label3108" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoansToExecutiveOfficersOrDirectors" xlink:label="element3109" />
        <label xlink:type="resource" xlink:label="label3109" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LoansToExecutiveOfficersOrDirectors_en-US">Number of loans made to executive officers or directors of teh Company.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3109" xlink:to="label3109" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoansToExecutiveOfficersOrDirectors" xlink:label="element3110" />
        <label xlink:type="resource" xlink:label="label3110" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LoansToExecutiveOfficersOrDirectors_en-US">Number of loans to executive officers or directors</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3110" xlink:to="label3110" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="element3111" />
        <label xlink:type="resource" xlink:label="label3111" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_en-US">Preferred Stock Of Subsidiary And Noncontrolling Interest Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3111" xlink:to="label3111" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="element3112" />
        <label xlink:type="resource" xlink:label="label3112" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_en-US">Preferred stock of subsidiary and noncontrolling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3112" xlink:to="label3112" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="element3113" />
        <label xlink:type="resource" xlink:label="label3113" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_en-US">Sum of preferred stock of subsidiary and non-controlling interest in subsidiary.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3113" xlink:to="label3113" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="element3114" />
        <label xlink:type="resource" xlink:label="label3114" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_en-US">Beginning balance (preferred and non-controlling value)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3114" xlink:to="label3114" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="element3115" />
        <label xlink:type="resource" xlink:label="label3115" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_en-US">Ending balance (preferred and non-controlling value)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3115" xlink:to="label3115" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfCreditSupportAnnexes" xlink:label="element3116" />
        <label xlink:type="resource" xlink:label="label3116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfCreditSupportAnnexes_en-US">Number Of Credit Support Annexes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3116" xlink:to="label3116" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfCreditSupportAnnexes" xlink:label="element3117" />
        <label xlink:type="resource" xlink:label="label3117" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfCreditSupportAnnexes_en-US">Number of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3117" xlink:to="label3117" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfCreditSupportAnnexes" xlink:label="element3118" />
        <label xlink:type="resource" xlink:label="label3118" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfCreditSupportAnnexes_en-US">Number of credit support annexes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3118" xlink:to="label3118" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" xlink:label="element3119" />
        <label xlink:type="resource" xlink:label="label3119" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_en-US">Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3119" xlink:to="label3119" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" xlink:label="element3120" />
        <label xlink:type="resource" xlink:label="label3120" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_en-US">Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3120" xlink:to="label3120" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" xlink:label="element3121" />
        <label xlink:type="resource" xlink:label="label3121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_en-US">Other-than-temporary impairments and unrealized gains (losses) arising during the period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3121" xlink:to="label3121" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" xlink:label="element3122" />
        <label xlink:type="resource" xlink:label="label3122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_en-US">Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3122" xlink:to="label3122" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" xlink:label="element3123" />
        <label xlink:type="resource" xlink:label="label3123" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_en-US">Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3123" xlink:to="label3123" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" xlink:label="element3124" />
        <label xlink:type="resource" xlink:label="label3124" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3124" xlink:to="label3124" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="element3125" />
        <label xlink:type="resource" xlink:label="label3125" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_en-US">Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3125" xlink:to="label3125" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="element3126" />
        <label xlink:type="resource" xlink:label="label3126" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_en-US">Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3126" xlink:to="label3126" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="element3127" />
        <label xlink:type="resource" xlink:label="label3127" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3127" xlink:to="label3127" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="element3128" />
        <label xlink:type="resource" xlink:label="label3128" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3128" xlink:to="label3128" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="element3129" />
        <label xlink:type="resource" xlink:label="label3129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_en-US">Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale And For Writedown Of Securities Before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3129" xlink:to="label3129" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="element3130" />
        <label xlink:type="resource" xlink:label="label3130" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_en-US">Amount before tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities with other-than-temporary impairments and for unrealized loss realized upon the write-down of available-for-sale securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3130" xlink:to="label3130" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="element3131" />
        <label xlink:type="resource" xlink:label="label3131" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_en-US">Reclassification adjustments for gains (losses) included in net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3131" xlink:to="label3131" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="element3132" />
        <label xlink:type="resource" xlink:label="label3132" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3132" xlink:to="label3132" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="element3133" />
        <label xlink:type="resource" xlink:label="label3133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_en-US">Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale And For Writedown Of Securities Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3133" xlink:to="label3133" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="element3134" />
        <label xlink:type="resource" xlink:label="label3134" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_en-US">Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities with other-than-temporary impairments and for unrealized loss realized upon the write-down of available-for-sale securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3134" xlink:to="label3134" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="element3135" />
        <label xlink:type="resource" xlink:label="label3135" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3135" xlink:to="label3135" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="element3136" />
        <label xlink:type="resource" xlink:label="label3136" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_en-US">Provision (benefit) for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3136" xlink:to="label3136" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="element3137" />
        <label xlink:type="resource" xlink:label="label3137" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_en-US">Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale And For Writedown Of Securities Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3137" xlink:to="label3137" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="element3138" />
        <label xlink:type="resource" xlink:label="label3138" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_en-US">Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities with other-than-temporary impairments and for unrealized loss realized upon the write-down of available-for-sale securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3138" xlink:to="label3138" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="element3139" />
        <label xlink:type="resource" xlink:label="label3139" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3139" xlink:to="label3139" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="element3140" />
        <label xlink:type="resource" xlink:label="label3140" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3140" xlink:to="label3140" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="element3141" />
        <label xlink:type="resource" xlink:label="label3141" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3141" xlink:to="label3141" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExcessSpreadMember" xlink:label="element3142" />
        <label xlink:type="resource" xlink:label="label3142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ExcessSpreadMember_en-US">Excess Spread [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3142" xlink:to="label3142" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ExcessSpreadMember" xlink:label="element3143" />
        <label xlink:type="resource" xlink:label="label3143" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ExcessSpreadMember_en-US">Excess Spread [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3143" xlink:to="label3143" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:label="element3144" />
        <label xlink:type="resource" xlink:label="label3144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther_en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3144" xlink:to="label3144" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:label="element3145" />
        <label xlink:type="resource" xlink:label="label3145" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther_en-US">Changes in the timing and amount of net payments on financial guarantee contracts.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3145" xlink:to="label3145" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:label="element3146" />
        <label xlink:type="resource" xlink:label="label3146" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3146" xlink:to="label3146" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:label="element3147" />
        <label xlink:type="resource" xlink:label="label3147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther_en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3147" xlink:to="label3147" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:label="element3148" />
        <label xlink:type="resource" xlink:label="label3148" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther_en-US">Changes in the timing and amount of net collections on financial guarantee contracts.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3148" xlink:to="label3148" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:label="element3149" />
        <label xlink:type="resource" xlink:label="label3149" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3149" xlink:to="label3149" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VieInterestNet" xlink:label="element3150" />
        <label xlink:type="resource" xlink:label="label3150" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_VieInterestNet_en-US">Vie Interest Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3150" xlink:to="label3150" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VieInterestNet" xlink:label="element3151" />
        <label xlink:type="resource" xlink:label="label3151" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_VieInterestNet_en-US">Net interest received (paid) on consolidated variable interest entities whose assets and liabilities are not carried at fair value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3151" xlink:to="label3151" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_VieInterestNet" xlink:label="element3152" />
        <label xlink:type="resource" xlink:label="label3152" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_VieInterestNet_en-US">Interest on variable interest entities, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3152" xlink:to="label3152" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount" xlink:label="element3153" />
        <label xlink:type="resource" xlink:label="label3153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount_en-US">Line Of Credit Facility Interest And Commitment Fee Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3153" xlink:to="label3153" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount" xlink:label="element3154" />
        <label xlink:type="resource" xlink:label="label3154" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount_en-US">The amount of interest and commitment fee incurred for the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3154" xlink:to="label3154" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount" xlink:label="element3155" />
        <label xlink:type="resource" xlink:label="label3155" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount_en-US">Line of credit interest and commitment fee</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3155" xlink:to="label3155" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeadcountReductionPercentage" xlink:label="element3156" />
        <label xlink:type="resource" xlink:label="label3156" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_HeadcountReductionPercentage_en-US">Headcount Reduction Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3156" xlink:to="label3156" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeadcountReductionPercentage" xlink:label="element3157" />
        <label xlink:type="resource" xlink:label="label3157" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_HeadcountReductionPercentage_en-US">Percentage of headcount reduction.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3157" xlink:to="label3157" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_HeadcountReductionPercentage" xlink:label="element3158" />
        <label xlink:type="resource" xlink:label="label3158" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_HeadcountReductionPercentage_en-US">Headcount reduction percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3158" xlink:to="label3158" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NationalHoldingsMember" xlink:label="element3159" />
        <label xlink:type="resource" xlink:label="label3159" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NationalHoldingsMember_en-US">National Holdings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3159" xlink:to="label3159" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NationalHoldingsMember" xlink:label="element3160" />
        <label xlink:type="resource" xlink:label="label3160" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NationalHoldingsMember_en-US">National Holdings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3160" xlink:to="label3160" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapRecoveryPerDisclosureStatement" xlink:label="element3161" />
        <label xlink:type="resource" xlink:label="label3161" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_RescapRecoveryPerDisclosureStatement_en-US">Rescap Recovery Per Disclosure Statement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3161" xlink:to="label3161" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapRecoveryPerDisclosureStatement" xlink:label="element3162" />
        <label xlink:type="resource" xlink:label="label3162" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_RescapRecoveryPerDisclosureStatement_en-US">Rescap Recovery Per Disclosure Statement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3162" xlink:to="label3162" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_RescapRecoveryPerDisclosureStatement" xlink:label="element3163" />
        <label xlink:type="resource" xlink:label="label3163" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_RescapRecoveryPerDisclosureStatement_en-US">ResCap recovery per disclosure statement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3163" xlink:to="label3163" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentRevenue" xlink:label="element3164" />
        <label xlink:type="resource" xlink:label="label3164" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SegmentRevenue_en-US">Segment Revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3164" xlink:to="label3164" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentRevenue" xlink:label="element3165" />
        <label xlink:type="resource" xlink:label="label3165" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SegmentRevenue_en-US">Amount of total revenue for the reportable segments, including revenue from external customers, transactions with other operating segments of the same entity, and (gross) interest revenue. All considered to be "operating revenue" for purposes of the taxonomy.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3165" xlink:to="label3165" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentRevenue" xlink:label="element3166" />
        <label xlink:type="resource" xlink:label="label3166" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_SegmentRevenue_en-US">Total revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3166" xlink:to="label3166" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentExpense" xlink:label="element3167" />
        <label xlink:type="resource" xlink:label="label3167" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SegmentExpense_en-US">Segment Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3167" xlink:to="label3167" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentExpense" xlink:label="element3168" />
        <label xlink:type="resource" xlink:label="label3168" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SegmentExpense_en-US">Amount of total expense for the reportable segments, including expense from external customers, transactions with other operating segments of the same entity, and (gross) interest expense. All considered to be "operating expense" for purposes of the taxonomy.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3168" xlink:to="label3168" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentExpense" xlink:label="element3169" />
        <label xlink:type="resource" xlink:label="label3169" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_SegmentExpense_en-US">Total expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3169" xlink:to="label3169" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentPretaxIncomeLoss" xlink:label="element3170" />
        <label xlink:type="resource" xlink:label="label3170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SegmentPretaxIncomeLoss_en-US">Segment Pretax Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3170" xlink:to="label3170" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentPretaxIncomeLoss" xlink:label="element3171" />
        <label xlink:type="resource" xlink:label="label3171" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SegmentPretaxIncomeLoss_en-US">Total pre-tax income (loss) for each reportable segment of the entity.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3171" xlink:to="label3171" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SegmentPretaxIncomeLoss" xlink:label="element3172" />
        <label xlink:type="resource" xlink:label="label3172" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_mbi_SegmentPretaxIncomeLoss_en-US">Income (loss) before income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3172" xlink:to="label3172" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleLoanRecoveriesMember" xlink:label="element3173" />
        <label xlink:type="resource" xlink:label="label3173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_IneligibleLoanRecoveriesMember_en-US">Ineligible Loan Recoveries [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3173" xlink:to="label3173" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleLoanRecoveriesMember" xlink:label="element3174" />
        <label xlink:type="resource" xlink:label="label3174" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_IneligibleLoanRecoveriesMember_en-US">Ineligible Loan Recoveries [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3174" xlink:to="label3174" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_IneligibleLoanRecoveriesMember" xlink:label="element3175" />
        <label xlink:type="resource" xlink:label="label3175" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_IneligibleLoanRecoveriesMember_en-US">Ineligible Loan Recoveries [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3175" xlink:to="label3175" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalEstimatedInsuranceRecoveries" xlink:label="element3176" />
        <label xlink:type="resource" xlink:label="label3176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_TotalEstimatedInsuranceRecoveries_en-US">Total Estimated Insurance Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3176" xlink:to="label3176" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalEstimatedInsuranceRecoveries" xlink:label="element3177" />
        <label xlink:type="resource" xlink:label="label3177" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_TotalEstimatedInsuranceRecoveries_en-US">Total Estimated Insurance Recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3177" xlink:to="label3177" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_TotalEstimatedInsuranceRecoveries" xlink:label="element3178" />
        <label xlink:type="resource" xlink:label="label3178" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_TotalEstimatedInsuranceRecoveries_en-US">Total estimated insurance recoveries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3178" xlink:to="label3178" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:label="element3179" />
        <label xlink:type="resource" xlink:label="label3179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor_en-US">Liability For Claims And Claims Adjustment Expense Insured By Financial Guarantor</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3179" xlink:to="label3179" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:label="element3180" />
        <label xlink:type="resource" xlink:label="label3180" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor_en-US">Loss and loss adjustment expense reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3180" xlink:to="label3180" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:label="element3181" />
        <label xlink:type="resource" xlink:label="label3181" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor_en-US">The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events by financial guarantor that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3181" xlink:to="label3181" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NonqualifiedPensionMember" xlink:label="element3182" />
        <label xlink:type="resource" xlink:label="label3182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NonqualifiedPensionMember_en-US">Nonqualified Pension [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3182" xlink:to="label3182" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NonqualifiedPensionMember" xlink:label="element3183" />
        <label xlink:type="resource" xlink:label="label3183" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NonqualifiedPensionMember_en-US">Non-qualified pension [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3183" xlink:to="label3183" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NonqualifiedProfitSharingMember" xlink:label="element3184" />
        <label xlink:type="resource" xlink:label="label3184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NonqualifiedProfitSharingMember_en-US">Nonqualified Profit Sharing [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3184" xlink:to="label3184" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NonqualifiedProfitSharingMember" xlink:label="element3185" />
        <label xlink:type="resource" xlink:label="label3185" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NonqualifiedProfitSharingMember_en-US">Non-qualified profit-sharing/401(k) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3185" xlink:to="label3185" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity" xlink:label="element3186" />
        <label xlink:type="resource" xlink:label="label3186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity_en-US">Aggregate Principal Amount In Excess Of FailureTo Make Payment At Maturity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3186" xlink:to="label3186" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity" xlink:label="element3187" />
        <label xlink:type="resource" xlink:label="label3187" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity_en-US">Aggregate Principal Amount In Excess Of FailureTo Make Payment At Maturity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3187" xlink:to="label3187" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity" xlink:label="element3188" />
        <label xlink:type="resource" xlink:label="label3188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity_en-US">Aggregate principal amount in excess of stated amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3188" xlink:to="label3188" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesAtParValueOwnedByCorporateSegment" xlink:label="element3189" />
        <label xlink:type="resource" xlink:label="label3189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SurplusNotesAtParValueOwnedByCorporateSegment_en-US">Surplus Notes At Par Value Owned By Corporate Segment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3189" xlink:to="label3189" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesAtParValueOwnedByCorporateSegment" xlink:label="element3190" />
        <label xlink:type="resource" xlink:label="label3190" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurplusNotesAtParValueOwnedByCorporateSegment_en-US">Surplus Notes At Par Value Owned By Corporate Segment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3190" xlink:to="label3190" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesAtParValueOwnedByCorporateSegment" xlink:label="element3191" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesRepurchasedAtOutstandingParValue" xlink:label="element3192" />
        <label xlink:type="resource" xlink:label="label3192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SurplusNotesRepurchasedAtOutstandingParValue_en-US">Surplus Notes Repurchased At Outstanding Par Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3192" xlink:to="label3192" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesRepurchasedAtOutstandingParValue" xlink:label="element3193" />
        <label xlink:type="resource" xlink:label="label3193" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurplusNotesRepurchasedAtOutstandingParValue_en-US">Surplus Notes Repurchased At Outstanding Par Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3193" xlink:to="label3193" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesRepurchasedAtOutstandingParValue" xlink:label="element3194" />
        <label xlink:type="resource" xlink:label="label3194" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SurplusNotesRepurchasedAtOutstandingParValue_en-US">Surplus notes repurchased at outstanding par value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3194" xlink:to="label3194" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesWeightedAveragePricePerUnit" xlink:label="element3195" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3195" xlink:to="label3195" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesWeightedAveragePricePerUnit" xlink:label="element3196" />
        <label xlink:type="resource" xlink:label="label3196" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurplusNotesWeightedAveragePricePerUnit_en-US">Surplus Notes Weighted Average Price Per Unit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3196" xlink:to="label3196" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusNotesWeightedAveragePricePerUnit" xlink:label="element3197" />
        <label xlink:type="resource" xlink:label="label3197" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SurplusNotesWeightedAveragePricePerUnit_en-US">Surplus notes, weighted average price per unit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3197" xlink:to="label3197" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAveragePriceOfSeniorNotes" xlink:label="element3198" />
        <label xlink:type="resource" xlink:label="label3198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_WeightedAveragePriceOfSeniorNotes_en-US">Weighted Average Price Of Senior Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3198" xlink:to="label3198" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAveragePriceOfSeniorNotes" xlink:label="element3199" />
        <label xlink:type="resource" xlink:label="label3199" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_WeightedAveragePriceOfSeniorNotes_en-US">Weighted Average Price Of Senior Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3199" xlink:to="label3199" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_WeightedAveragePriceOfSeniorNotes" xlink:label="element3200" />
        <label xlink:type="resource" xlink:label="label3200" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_WeightedAveragePriceOfSeniorNotes_en-US">Weighted average price of senior notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3200" xlink:to="label3200" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberPooledInvestmentPrograms" xlink:label="element3201" />
        <label xlink:type="resource" xlink:label="label3201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberPooledInvestmentPrograms_en-US">Number Pooled Investment Programs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3201" xlink:to="label3201" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberPooledInvestmentPrograms" xlink:label="element3202" />
        <label xlink:type="resource" xlink:label="label3202" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberPooledInvestmentPrograms_en-US">Number Of Pooled Investment Programs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3202" xlink:to="label3202" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberPooledInvestmentPrograms" xlink:label="element3203" />
        <label xlink:type="resource" xlink:label="label3203" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberPooledInvestmentPrograms_en-US">Number of pooled investment programs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3203" xlink:to="label3203" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CutwaterIscMember" xlink:label="element3204" />
        <label xlink:type="resource" xlink:label="label3204" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CutwaterIscMember_en-US">Cutwater Isc [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3204" xlink:to="label3204" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CutwaterIscMember" xlink:label="element3205" />
        <label xlink:type="resource" xlink:label="label3205" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CutwaterIscMember_en-US">Cutwater Isc [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3205" xlink:to="label3205" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CutwaterIscMember" xlink:label="element3206" />
        <label xlink:type="resource" xlink:label="label3206" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CutwaterIscMember_en-US">Cutwater ISC [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3206" xlink:to="label3206" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BoardOfDirectorsMember" xlink:label="element3207" />
        <label xlink:type="resource" xlink:label="label3207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BoardOfDirectorsMember_en-US">Board Of Directors [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3207" xlink:to="label3207" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BoardOfDirectorsMember" xlink:label="element3208" />
        <label xlink:type="resource" xlink:label="label3208" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BoardOfDirectorsMember_en-US">Board Of Directors [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3208" xlink:to="label3208" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfNotionalAssetSwap" xlink:label="element3209" />
        <label xlink:type="resource" xlink:label="label3209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MaximumPercentageOfNotionalAssetSwap_en-US">Maximum Percentage Of Notional Asset Swap</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3209" xlink:to="label3209" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfNotionalAssetSwap" xlink:label="element3210" />
        <label xlink:type="resource" xlink:label="label3210" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MaximumPercentageOfNotionalAssetSwap_en-US">Maximum percentage of admitted assets the asset swap can be without three month notice to initiate cash dividends.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3210" xlink:to="label3210" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfNotionalAssetSwap" xlink:label="element3211" />
        <label xlink:type="resource" xlink:label="label3211" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_MaximumPercentageOfNotionalAssetSwap_en-US">Maximum percentage of notional asset swap</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3211" xlink:to="label3211" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsInCertainQualifingAssets" xlink:label="element3212" />
        <label xlink:type="resource" xlink:label="label3212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_InvestmentsInCertainQualifingAssets_en-US">Investments In Certain Qualifing Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3212" xlink:to="label3212" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsInCertainQualifingAssets" xlink:label="element3213" />
        <label xlink:type="resource" xlink:label="label3213" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_InvestmentsInCertainQualifingAssets_en-US">Percentage required to be invested in certain qualifing assets.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3213" xlink:to="label3213" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_InvestmentsInCertainQualifingAssets" xlink:label="element3214" />
        <label xlink:type="resource" xlink:label="label3214" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_InvestmentsInCertainQualifingAssets_en-US">Investments in certain qualifing assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3214" xlink:to="label3214" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinimumSurplusAndContingencyReservesMember" xlink:label="element3215" />
        <label xlink:type="resource" xlink:label="label3215" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MinimumSurplusAndContingencyReservesMember_en-US">Minimum Surplus And Contingency Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3215" xlink:to="label3215" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinimumSurplusAndContingencyReservesMember" xlink:label="element3216" />
        <label xlink:type="resource" xlink:label="label3216" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MinimumSurplusAndContingencyReservesMember_en-US">Minimum Surplus And Contingency Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3216" xlink:to="label3216" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossReservesAndUnearnedPremiumReservesMember" xlink:label="element3217" />
        <label xlink:type="resource" xlink:label="label3217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LossReservesAndUnearnedPremiumReservesMember_en-US">Loss Reserves And Unearned Premium Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3217" xlink:to="label3217" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LossReservesAndUnearnedPremiumReservesMember" xlink:label="element3218" />
        <label xlink:type="resource" xlink:label="label3218" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LossReservesAndUnearnedPremiumReservesMember_en-US">Loss Reserves And Unearned Premium Reserves [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3218" xlink:to="label3218" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutorySurplusNegativeImpact" xlink:label="element3219" />
        <label xlink:type="resource" xlink:label="label3219" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StatutorySurplusNegativeImpact_en-US">Statutory Surplus Negative Impact</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3219" xlink:to="label3219" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutorySurplusNegativeImpact" xlink:label="element3220" />
        <label xlink:type="resource" xlink:label="label3220" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_StatutorySurplusNegativeImpact_en-US">Impact on statutory surplus due to maximum amount of investment in subsidiaries.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3220" xlink:to="label3220" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StatutorySurplusNegativeImpact" xlink:label="element3221" />
        <label xlink:type="resource" xlink:label="label3221" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_StatutorySurplusNegativeImpact_en-US">Statutory surplus negative impact</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3221" xlink:to="label3221" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries" xlink:label="element3222" />
        <label xlink:type="resource" xlink:label="label3222" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries_en-US">Maximum Percentage Of Statutory Admitted Assets Invested In Subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3222" xlink:to="label3222" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries" xlink:label="element3223" />
        <label xlink:type="resource" xlink:label="label3223" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries_en-US">Maximum percentage of statutory admitted assets allowed to be invested in subsidaries under New York insurance laws.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3223" xlink:to="label3223" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries" xlink:label="element3224" />
        <label xlink:type="resource" xlink:label="label3224" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries_en-US">Maximum percentage of statutory admitted assets invested in subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3224" xlink:to="label3224" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PolicyholdersSurplusMember" xlink:label="element3225" />
        <label xlink:type="resource" xlink:label="label3225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PolicyholdersSurplusMember_en-US">Policyholders Surplus [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3225" xlink:to="label3225" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PolicyholdersSurplusMember" xlink:label="element3226" />
        <label xlink:type="resource" xlink:label="label3226" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PolicyholdersSurplusMember_en-US">Policyholders Surplus [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3226" xlink:to="label3226" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusMember" xlink:label="element3227" />
        <label xlink:type="resource" xlink:label="label3227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SurplusMember_en-US">Surplus [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3227" xlink:to="label3227" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SurplusMember" xlink:label="element3228" />
        <label xlink:type="resource" xlink:label="label3228" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SurplusMember_en-US">Surplus [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3228" xlink:to="label3228" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xlink:label="element3229" />
        <label xlink:type="resource" xlink:label="label3229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_en-US">Quoted Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3229" xlink:to="label3229" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xlink:label="element3230" />
        <label xlink:type="resource" xlink:label="label3230" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_en-US">Quoted market prices adjusted for financial guarantees provided to VIE obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3230" xlink:to="label3230" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xlink:label="element3231" />
        <label xlink:type="resource" xlink:label="label3231" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_en-US">Quoted market prices adjusted for financial guarantees provided to VIE obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3231" xlink:to="label3231" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountedCashFlowMember" xlink:label="element3232" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember" xlink:label="element3236" />
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        <label xlink:type="resource" xlink:label="label3237" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember_en-US">Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</label>
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsSegmentMember" xlink:label="element3238" />
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        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetLiabilityProductsSegmentMember" xlink:label="element3239" />
        <label xlink:type="resource" xlink:label="label3239" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetLiabilityProductsSegmentMember_en-US">Asset Liability Products Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3239" xlink:to="label3239" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedShares" xlink:label="element3240" />
        <label xlink:type="resource" xlink:label="label3240" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ConsiderationForWarrantsIssuedShares_en-US">Consideration For Warrants Issued Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3240" xlink:to="label3240" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedShares" xlink:label="element3241" />
        <label xlink:type="resource" xlink:label="label3241" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ConsiderationForWarrantsIssuedShares_en-US">Number of shares received for warrants issues and put into treasury.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3241" xlink:to="label3241" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedShares" xlink:label="element3242" />
        <label xlink:type="resource" xlink:label="label3242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ConsiderationForWarrantsIssuedShares_en-US">Consideration for warrants issued in shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3242" xlink:to="label3242" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedAmount" xlink:label="element3243" />
        <label xlink:type="resource" xlink:label="label3243" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ConsiderationForWarrantsIssuedAmount_en-US">Consideration For Warrants Issued Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3243" xlink:to="label3243" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedAmount" xlink:label="element3244" />
        <label xlink:type="resource" xlink:label="label3244" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ConsiderationForWarrantsIssuedAmount_en-US">Value of shares received into treasury for warrants isued.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3244" xlink:to="label3244" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ConsiderationForWarrantsIssuedAmount" xlink:label="element3245" />
        <label xlink:type="resource" xlink:label="label3245" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ConsiderationForWarrantsIssuedAmount_en-US">Consideration for warrants issued amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3245" xlink:to="label3245" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock" xlink:label="element3246" />
        <label xlink:type="resource" xlink:label="label3246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock_en-US">Schedule Of Revised Basic And Diluted Earnings Per Share [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3246" xlink:to="label3246" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock" xlink:label="element3247" />
        <label xlink:type="resource" xlink:label="label3247" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock_en-US">Schedule Of Revised Basic And Diluted Earnings Per Share [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3247" xlink:to="label3247" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock" xlink:label="element3248" />
        <label xlink:type="resource" xlink:label="label3248" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock_en-US">Schedule Of Revised Basic And Diluted Earnings Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3248" xlink:to="label3248" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchThirtyOneTwoThousandFifteenMember" xlink:label="element3249" />
        <label xlink:type="resource" xlink:label="label3249" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MarchThirtyOneTwoThousandFifteenMember_en-US">March Thirty One Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3249" xlink:to="label3249" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MarchThirtyOneTwoThousandFifteenMember" xlink:label="element3250" />
        <label xlink:type="resource" xlink:label="label3250" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MarchThirtyOneTwoThousandFifteenMember_en-US">March Thirty One Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3250" xlink:to="label3250" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneThirtyTwoThousandFifeteenMember" xlink:label="element3251" />
        <label xlink:type="resource" xlink:label="label3251" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_JuneThirtyTwoThousandFifeteenMember_en-US">June Thirty Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3251" xlink:to="label3251" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_JuneThirtyTwoThousandFifeteenMember" xlink:label="element3252" />
        <label xlink:type="resource" xlink:label="label3252" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_JuneThirtyTwoThousandFifeteenMember_en-US">June Thirty Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3252" xlink:to="label3252" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeptemberThirtyTwoThousandFifeteenMember" xlink:label="element3253" />
        <label xlink:type="resource" xlink:label="label3253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SeptemberThirtyTwoThousandFifeteenMember_en-US">September Thirty Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3253" xlink:to="label3253" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeptemberThirtyTwoThousandFifeteenMember" xlink:label="element3254" />
        <label xlink:type="resource" xlink:label="label3254" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SeptemberThirtyTwoThousandFifeteenMember_en-US">September Thirty Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3254" xlink:to="label3254" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandFifeteenMember" xlink:label="element3255" />
        <label xlink:type="resource" xlink:label="label3255" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandFifeteenMember_en-US">December Thirty One Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3255" xlink:to="label3255" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandFifeteenMember" xlink:label="element3256" />
        <label xlink:type="resource" xlink:label="label3256" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandFifeteenMember_en-US">December Thirty One Two Thousand Fifeteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3256" xlink:to="label3256" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandSixteenrMember" xlink:label="element3257" />
        <label xlink:type="resource" xlink:label="label3257" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandSixteenrMember_en-US">December Thirty One Two Thousand Sixteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3257" xlink:to="label3257" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandSixteenrMember" xlink:label="element3258" />
        <label xlink:type="resource" xlink:label="label3258" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandSixteenrMember_en-US">December Thirty One Two Thousand Sixteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3258" xlink:to="label3258" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandSeventeenMember" xlink:label="element3259" />
        <label xlink:type="resource" xlink:label="label3259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandSeventeenMember_en-US">December Thirty One Two Thousand Seventeen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3259" xlink:to="label3259" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandSeventeenMember" xlink:label="element3260" />
        <label xlink:type="resource" xlink:label="label3260" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandSeventeenMember_en-US">December Thirty One Two Thousand Seventeen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3260" xlink:to="label3260" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandEighteenMember" xlink:label="element3261" />
        <label xlink:type="resource" xlink:label="label3261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandEighteenMember_en-US">December Thirty One Two Thousand Eighteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3261" xlink:to="label3261" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandEighteenMember" xlink:label="element3262" />
        <label xlink:type="resource" xlink:label="label3262" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandEighteenMember_en-US">December Thirty One Two Thousand Eighteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3262" xlink:to="label3262" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyFourMember" xlink:label="element3263" />
        <label xlink:type="resource" xlink:label="label3263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandTwentyFourMember_en-US">December Thirty One Two Thousand Twenty Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3263" xlink:to="label3263" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyFourMember" xlink:label="element3264" />
        <label xlink:type="resource" xlink:label="label3264" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandTwentyFourMember_en-US">December Thirty One Two Thousand Twenty Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3264" xlink:to="label3264" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineMember" xlink:label="element3265" />
        <label xlink:type="resource" xlink:label="label3265" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandTwentyNineMember_en-US">December Thirty One Two Thousand Twenty Nine[Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3265" xlink:to="label3265" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineMember" xlink:label="element3266" />
        <label xlink:type="resource" xlink:label="label3266" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandTwentyNineMember_en-US">December Thirty One Two Thousand Twenty Nine[Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3266" xlink:to="label3266" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember" xlink:label="element3267" />
        <label xlink:type="resource" xlink:label="label3267" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember_en-US">December Thirty One Two Thousand Thirty Four And Thereafter [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3267" xlink:to="label3267" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember" xlink:label="element3268" />
        <label xlink:type="resource" xlink:label="label3268" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember_en-US">December Thirty One Two Thousand Thirty Four And Thereafter [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3268" xlink:to="label3268" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EmbeddedMember" xlink:label="element3269" />
        <label xlink:type="resource" xlink:label="label3269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_EmbeddedMember_en-US">Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3269" xlink:to="label3269" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_EmbeddedMember" xlink:label="element3270" />
        <label xlink:type="resource" xlink:label="label3270" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_EmbeddedMember_en-US">Embedded [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3270" xlink:to="label3270" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BetanddualdefaultvaluationmodelsMember" xlink:label="element3271" />
        <label xlink:type="resource" xlink:label="label3271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_BetanddualdefaultvaluationmodelsMember_en-US">B E T And Dual Default Valuation Models [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3271" xlink:to="label3271" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BetanddualdefaultvaluationmodelsMember" xlink:label="element3272" />
        <label xlink:type="resource" xlink:label="label3272" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_BetanddualdefaultvaluationmodelsMember_en-US">BET And Dual Default Valuation Models [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3272" xlink:to="label3272" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_BetanddualdefaultvaluationmodelsMember" xlink:label="element3273" />
        <label xlink:type="resource" xlink:label="label3273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_BetanddualdefaultvaluationmodelsMember_en-US">BET And Dual Default Valuation Models [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3273" xlink:to="label3273" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember" xlink:label="element3274" />
        <label xlink:type="resource" xlink:label="label3274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember_en-US">Quoted Market Prices Of Vie Assets Adjusted For Financial Guarantees Provided Or Market Prices Of Similar Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3274" xlink:to="label3274" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember" xlink:label="element3275" />
        <label xlink:type="resource" xlink:label="label3275" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember_en-US">Quoted Market Prices Of Vie Assets Adjusted For Financial Guarantees Provided Or Market Prices Of Similar Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3275" xlink:to="label3275" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember" xlink:label="element3276" />
        <label xlink:type="resource" xlink:label="label3276" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember_en-US">Quoted market prices of Vie assets adjusted for financial guarantees provided or market prices of similar securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3276" xlink:to="label3276" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember" xlink:label="element3277" />
        <label xlink:type="resource" xlink:label="label3277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember_en-US">Preferred Stock Of Subsidiary And Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3277" xlink:to="label3277" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinorityInterestDecreaseFromRedemptionsShares" xlink:label="element3278" />
        <label xlink:type="resource" xlink:label="label3278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MinorityInterestDecreaseFromRedemptionsShares_en-US">Minority Interest Decrease From Redemptions Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3278" xlink:to="label3278" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinorityInterestDecreaseFromRedemptionsShares" xlink:label="element3279" />
        <label xlink:type="resource" xlink:label="label3279" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MinorityInterestDecreaseFromRedemptionsShares_en-US">Number os shares that represents a decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3279" xlink:to="label3279" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MinorityInterestDecreaseFromRedemptionsShares" xlink:label="element3280" />
        <label xlink:type="resource" xlink:label="label3280" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_MinorityInterestDecreaseFromRedemptionsShares_en-US">Preferred shares of subsidiary acquired (in shares)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3280" xlink:to="label3280" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" xlink:label="element3281" />
        <label xlink:type="resource" xlink:label="label3281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_en-US">Payments To Acquire Fair Value Option And Trading Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3281" xlink:to="label3281" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" xlink:label="element3282" />
        <label xlink:type="resource" xlink:label="label3282" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_en-US">The cash outflow to acquire securities classified as fair value option or trading.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3282" xlink:to="label3282" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" xlink:label="element3283" />
        <label xlink:type="resource" xlink:label="label3283" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_en-US">Purchases of investments at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3283" xlink:to="label3283" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" xlink:label="element3284" />
        <label xlink:type="resource" xlink:label="label3284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_en-US">Proceeds From Sales Maturities And Paydowns Of Fair Value And Trading Securities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3284" xlink:to="label3284" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" xlink:label="element3285" />
        <label xlink:type="resource" xlink:label="label3285" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_en-US">The cash inflow associated with the sales, maturities and paydowns of fair value option and trading securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3285" xlink:to="label3285" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" xlink:label="element3286" />
        <label xlink:type="resource" xlink:label="label3286" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_en-US">Sales, paydowns and maturities of investments at fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3286" xlink:to="label3286" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments" xlink:label="element3287" />
        <label xlink:type="resource" xlink:label="label3287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_en-US">Proceeds From Sales Maturities Prepayments and Calls Of Other Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3287" xlink:to="label3287" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments" xlink:label="element3288" />
        <label xlink:type="resource" xlink:label="label3288" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_en-US">The cash inflow associated with the sales, maturity (principal being due), prepayment and call (request of early payment) of other investments.)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3288" xlink:to="label3288" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments" xlink:label="element3289" />
        <label xlink:type="resource" xlink:label="label3289" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_en-US">Sales, paydowns and maturities of other investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3289" xlink:to="label3289" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountedCashFlowsMember" xlink:label="element3290" />
        <label xlink:type="resource" xlink:label="label3290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DiscountedCashFlowsMember_en-US">Discounted Cash Flows [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3290" xlink:to="label3290" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DiscountedCashFlowsMember" xlink:label="element3291" />
        <label xlink:type="resource" xlink:label="label3291" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DiscountedCashFlowsMember_en-US">Discounted Cash Flows [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3291" xlink:to="label3291" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangeDollars" xlink:label="element3292" />
        <label xlink:type="resource" xlink:label="label3292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueMeasurementRangeDollars_en-US">Fair Value Measurement Range Dollars</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3292" xlink:to="label3292" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangeDollars" xlink:label="element3293" />
        <label xlink:type="resource" xlink:label="label3293" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueMeasurementRangeDollars_en-US">This element represents the fair value measurement range dollars of the Company's assets and liabilities measured at fair value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3293" xlink:to="label3293" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueMeasurementRangeDollars" xlink:label="element3294" />
        <label xlink:type="resource" xlink:label="label3294" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueMeasurementRangeDollars_en-US">Range dollars</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3294" xlink:to="label3294" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes" xlink:label="element3295" />
        <label xlink:type="resource" xlink:label="label3295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes_en-US">Fair Value Option Contractual Outstanding Principal Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3295" xlink:to="label3295" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes" xlink:label="element3296" />
        <label xlink:type="resource" xlink:label="label3296" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes_en-US">Fair Value Option Contractual Outstanding Principal Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3296" xlink:to="label3296" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes" xlink:label="element3297" />
        <label xlink:type="resource" xlink:label="label3297" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes_en-US">Medium-term notes, contractual outstanding principal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3297" xlink:to="label3297" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueMediumTermNotes" xlink:label="element3298" />
        <label xlink:type="resource" xlink:label="label3298" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionAggregateFairValueMediumTermNotes_en-US">Fair Value Option Aggregate Fair Value Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3298" xlink:to="label3298" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueMediumTermNotes" xlink:label="element3299" />
        <label xlink:type="resource" xlink:label="label3299" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionAggregateFairValueMediumTermNotes_en-US">Fair Value Option Aggregate Fair Value Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3299" xlink:to="label3299" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateFairValueMediumTermNotes" xlink:label="element3300" />
        <label xlink:type="resource" xlink:label="label3300" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOptionAggregateFairValueMediumTermNotes_en-US">Medium-term notes, fair value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3300" xlink:to="label3300" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateDifferencesMediumTermNotes" xlink:label="element3301" />
        <label xlink:type="resource" xlink:label="label3301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FairValueOptionAggregateDifferencesMediumTermNotes_en-US">Fair Value Option Aggregate Differences Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3301" xlink:to="label3301" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateDifferencesMediumTermNotes" xlink:label="element3302" />
        <label xlink:type="resource" xlink:label="label3302" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FairValueOptionAggregateDifferencesMediumTermNotes_en-US">Fair Value Option Aggregate Differences Medium Term Notes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3302" xlink:to="label3302" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FairValueOptionAggregateDifferencesMediumTermNotes" xlink:label="element3303" />
        <label xlink:type="resource" xlink:label="label3303" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FairValueOptionAggregateDifferencesMediumTermNotes_en-US">Medium-term notes, difference</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3303" xlink:to="label3303" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:label="element3304" />
        <label xlink:type="resource" xlink:label="label3304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember_en-US">Fixed Maturity Securities Held At Fair Value Vie [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3304" xlink:to="label3304" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:label="element3305" />
        <label xlink:type="resource" xlink:label="label3305" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember_en-US">Fixed Maturity Securities Held At Fair Value Vie [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3305" xlink:to="label3305" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:label="element3306" />
        <label xlink:type="resource" xlink:label="label3306" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember_en-US">Fixed Maturity Securities Held At Fair Value - VIE [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3306" xlink:to="label3306" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinstatedMember" xlink:label="element3307" />
        <label xlink:type="resource" xlink:label="label3307" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_ReinstatedMember_en-US">Reinstated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3307" xlink:to="label3307" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_ReinstatedMember" xlink:label="element3308" />
        <label xlink:type="resource" xlink:label="label3308" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_ReinstatedMember_en-US">Reinstated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3308" xlink:to="label3308" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CityOfDetroitUtgoBonds" xlink:label="element3309" />
        <label xlink:type="resource" xlink:label="label3309" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_CityOfDetroitUtgoBonds_en-US">City Of Detroit Utgo Bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3309" xlink:to="label3309" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CityOfDetroitUtgoBonds" xlink:label="element3310" />
        <label xlink:type="resource" xlink:label="label3310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_CityOfDetroitUtgoBonds_en-US">City Of Detroit Utgo Bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3310" xlink:to="label3310" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_CityOfDetroitUtgoBonds" xlink:label="element3311" />
        <label xlink:type="resource" xlink:label="label3311" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_CityOfDetroitUtgoBonds_en-US">City of Detroit UTGO Bonds</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3311" xlink:to="label3311" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOperatingLeaseTermExtensions" xlink:label="element3312" />
        <label xlink:type="resource" xlink:label="label3312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_NumberOfOperatingLeaseTermExtensions_en-US">Number Of Operating Lease Term Extensions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3312" xlink:to="label3312" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOperatingLeaseTermExtensions" xlink:label="element3313" />
        <label xlink:type="resource" xlink:label="label3313" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_NumberOfOperatingLeaseTermExtensions_en-US">Number of times lessee can extend the term of the operating lease.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3313" xlink:to="label3313" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_NumberOfOperatingLeaseTermExtensions" xlink:label="element3314" />
        <label xlink:type="resource" xlink:label="label3314" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_NumberOfOperatingLeaseTermExtensions_en-US">Number of operating lease term extensions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3314" xlink:to="label3314" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LeaseIncentives" xlink:label="element3315" />
        <label xlink:type="resource" xlink:label="label3315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LeaseIncentives_en-US">Lease Incentives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3315" xlink:to="label3315" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LeaseIncentives" xlink:label="element3316" />
        <label xlink:type="resource" xlink:label="label3316" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_LeaseIncentives_en-US">Amount of lease incentives from lessor to fund certain leasehold improvements.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3316" xlink:to="label3316" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LeaseIncentives" xlink:label="element3317" />
        <label xlink:type="resource" xlink:label="label3317" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_LeaseIncentives_en-US">Lease incentives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3317" xlink:to="label3317" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaUkMember" xlink:label="element3318" />
        <label xlink:type="resource" xlink:label="label3318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_MbiaUkMember_en-US">MBIA Uk [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3318" xlink:to="label3318" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaUkMember" xlink:label="element3319" />
        <label xlink:type="resource" xlink:label="label3319" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_MbiaUkMember_en-US">MBIA UK [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3319" xlink:to="label3319" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_MbiaUkMember" xlink:label="element3320" />
        <label xlink:type="resource" xlink:label="label3320" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_MbiaUkMember_en-US">MBIA UK [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3320" xlink:to="label3320" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Payableforloanspurchased" xlink:label="element3321" />
        <label xlink:type="resource" xlink:label="label3321" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_Payableforloanspurchased_en-US">Payable For Loans Purchased</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3321" xlink:to="label3321" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Payableforloanspurchased" xlink:label="element3322" />
        <label xlink:type="resource" xlink:label="label3322" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_Payableforloanspurchased_en-US">Payable for loans purchased</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3322" xlink:to="label3322" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Payableforloanspurchased" xlink:label="element3323" />
        <label xlink:type="resource" xlink:label="label3323" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_Payableforloanspurchased_en-US">As of the balance sheet date, the amount not yet paid for loans purchased.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3323" xlink:to="label3323" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Cashcollateralpledge" xlink:label="element3324" />
        <label xlink:type="resource" xlink:label="label3324" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_Cashcollateralpledge_en-US">Cash Collateral Pledge</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3324" xlink:to="label3324" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Cashcollateralpledge" xlink:label="element3325" />
        <label xlink:type="resource" xlink:label="label3325" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_Cashcollateralpledge_en-US">Cash Collateral Pledge</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3325" xlink:to="label3325" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Cashcollateralpledge" xlink:label="element3326" />
        <label xlink:type="resource" xlink:label="label3326" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_Cashcollateralpledge_en-US">Net cash collateral pledged</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3326" xlink:to="label3326" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForDeconsolidationOfVariableInterestEntity" xlink:label="element3327" />
        <label xlink:type="resource" xlink:label="label3327" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PaymentsForDeconsolidationOfVariableInterestEntity_en-US">Payments For Deconsolidation Of Variable Interest Entity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3327" xlink:to="label3327" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForDeconsolidationOfVariableInterestEntity" xlink:label="element3328" />
        <label xlink:type="resource" xlink:label="label3328" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_PaymentsForDeconsolidationOfVariableInterestEntity_en-US">Cash outflows from deconsolidation of variable interest entities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3328" xlink:to="label3328" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PaymentsForDeconsolidationOfVariableInterestEntity" xlink:label="element3329" />
        <label xlink:type="resource" xlink:label="label3329" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_mbi_PaymentsForDeconsolidationOfVariableInterestEntity_en-US">Deconsolidation of variable interest entities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3329" xlink:to="label3329" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths" xlink:label="element3330" />
        <label xlink:type="resource" xlink:label="label3330" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths_en-US">Period Of Current Roll To Loss For Stress Case Additional Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3330" xlink:to="label3330" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths" xlink:label="element3331" />
        <label xlink:type="resource" xlink:label="label3331" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths_en-US">Period Of Current Roll To Loss For Stress Case Additional Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3331" xlink:to="label3331" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths" xlink:label="element3332" />
        <label xlink:type="resource" xlink:label="label3332" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths_en-US">Period of current roll to loss for stress case additional months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3332" xlink:to="label3332" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember" xlink:label="element3333" />
        <label xlink:type="resource" xlink:label="label3333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember_en-US">December Thirty One Two Thousand Twenty Nineteen [Member] [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3333" xlink:to="label3333" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember" xlink:label="element3334" />
        <label xlink:type="resource" xlink:label="label3334" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember_en-US">December Thirty One Two Thousand Twenty Nineteen [Member] [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3334" xlink:to="label3334" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_StandardpoorsaminusoraboveratingmemberMember" xlink:label="element3335" />
        <label xlink:type="resource" xlink:label="label3335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_StandardpoorsaminusoraboveratingmemberMember_en-US">S&amp;P A- or above [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3335" xlink:to="label3335" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LiabilitiesheldforsaleMember" xlink:label="element3336" />
        <label xlink:type="resource" xlink:label="label3336" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LiabilitiesheldforsaleMember_en-US">Liabilities Held For Sale [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3336" xlink:to="label3336" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_LoansreceivableatfairvalueMember" xlink:label="element3337" />
        <label xlink:type="resource" xlink:label="label3337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_LoansreceivableatfairvalueMember_en-US">Loans Receivable At Fair Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3337" xlink:to="label3337" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_PayableforloanspurchasedMember" xlink:label="element3338" />
        <label xlink:type="resource" xlink:label="label3338" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_PayableforloanspurchasedMember_en-US">Payable For Loans Purchased [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3338" xlink:to="label3338" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock" xlink:label="element3339" />
        <label xlink:type="resource" xlink:label="label3339" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock_en-US">Assets And Liabilities Held For Sale Table [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3339" xlink:to="label3339" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock" xlink:label="element3340" />
        <label xlink:type="resource" xlink:label="label3340" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock_en-US">Tabular disclosure of assets and liabilities held for sale.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3340" xlink:to="label3340" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock" xlink:label="element3341" />
        <label xlink:type="resource" xlink:label="label3341" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock_en-US">Assets And Liabilities Held For Sale</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3341" xlink:to="label3341" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FacilityMember" xlink:label="element3342" />
        <label xlink:type="resource" xlink:label="label3342" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FacilityMember_en-US">Facility [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3342" xlink:to="label3342" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeniorNotesAtParValueOwnedByNational" xlink:label="element3343" />
        <label xlink:type="resource" xlink:label="label3343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_SeniorNotesAtParValueOwnedByNational_en-US">Senior Notes At Par Value Owned By National</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3343" xlink:to="label3343" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeniorNotesAtParValueOwnedByNational" xlink:label="element3344" />
        <label xlink:type="resource" xlink:label="label3344" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_SeniorNotesAtParValueOwnedByNational_en-US">Par value of MBIA Inc. senior notes owned by National as of the balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3344" xlink:to="label3344" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_SeniorNotesAtParValueOwnedByNational" xlink:label="element3345" />
        <label xlink:type="resource" xlink:label="label3345" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_SeniorNotesAtParValueOwnedByNational_en-US">Senior notes at par value owned by National</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3345" xlink:to="label3345" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember" xlink:label="element3346" />
        <label xlink:type="resource" xlink:label="label3346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember_en-US">Four Point Zero Two To Fifty Seven Point Seven One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3346" xlink:to="label3346" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember" xlink:label="element3347" />
        <label xlink:type="resource" xlink:label="label3347" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember_en-US">Range of stock option prices 4.02 through 57.71</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3347" xlink:to="label3347" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember" xlink:label="element3348" />
        <label xlink:type="resource" xlink:label="label3348" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember_en-US">$4.02-$57.71 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3348" xlink:to="label3348" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FiftyEightPointEightFourToSeventyPointEightSixMember" xlink:label="element3349" />
        <label xlink:type="resource" xlink:label="label3349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_FiftyEightPointEightFourToSeventyPointEightSixMember_en-US">Fifty Eight Point Eight Four To Seventy Point Eight Six [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3349" xlink:to="label3349" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FiftyEightPointEightFourToSeventyPointEightSixMember" xlink:label="element3350" />
        <label xlink:type="resource" xlink:label="label3350" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_FiftyEightPointEightFourToSeventyPointEightSixMember_en-US">Range of stock option prices 58.84 through 70.86</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3350" xlink:to="label3350" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_FiftyEightPointEightFourToSeventyPointEightSixMember" xlink:label="element3351" />
        <label xlink:type="resource" xlink:label="label3351" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_mbi_FiftyEightPointEightFourToSeventyPointEightSixMember_en-US">$58.84-$70.86 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3351" xlink:to="label3351" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AnnualCompensationMaximumPensionPerEmployeeAmount" xlink:label="element3352" />
        <label xlink:type="resource" xlink:label="label3352" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_mbi_AnnualCompensationMaximumPensionPerEmployeeAmount_en-US">Annual Compensation Maximum Pension Per Employee Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3352" xlink:to="label3352" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AnnualCompensationMaximumPensionPerEmployeeAmount" xlink:label="element3353" />
        <label xlink:type="resource" xlink:label="label3353" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_mbi_AnnualCompensationMaximumPensionPerEmployeeAmount_en-US">Maximum annual compensation per employee subject to pension contribution.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3353" xlink:to="label3353" />
        <loc xlink:type="locator" xlink:href="mbi-20150331.xsd#mbi_AnnualCompensationMaximumPensionPerEmployeeAmount" xlink:label="element3354" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3354" xlink:to="label3354" />
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EYWAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (RMBS Reserves) (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">3 Months Ended</th>
        <th class="th" colspan="2"></th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" onclick="toggleNextSibling(this);">10,884</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" onclick="toggleNextSibling(this);">11,263</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions', window );">Contract claims on ineligible mortgage loans inception to date, incurred loss on transactions</a></td>
        <td class="nump"><a title="mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions" onclick="toggleNextSibling(this);">418</a><span style="display:none;white-space:normal;text-align:left;">mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">499</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">506</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Expected recoveries of future payments</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">110</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">147</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienRMBSReservesMember', window );">First Lien R M B S Reserves [Member] | Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienRMBSReservesMember]" onclick="toggleNextSibling(this);">267</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienRMBSReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienRMBSReservesMember]" onclick="toggleNextSibling(this);">263</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienRMBSReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember', window );">Second Lien Rmbs And Heloc And Ces [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseToCaseBasisReserves', window );">Addition to case basis reserves if losses remain at peak levels</a></td>
        <td class="nump"><a title="mbi_IncreaseDecreaseToCaseBasisReserves[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">40</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseToCaseBasisReserves<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember', window );">Second Lien Rmbs And Heloc And Ces [Member] | Excess Spread [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">488</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">496</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EstimatedInsuranceRecoveries', window );">Total excess spread recoveries</a></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">502</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">523</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Expected recoveries of future payments</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember]" onclick="toggleNextSibling(this);">27</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember', window );">Second Lien Rmbs And Heloc And Ces [Member] | Excess Spread [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">122</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">132</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EstimatedInsuranceRecoveries', window );">Total excess spread recoveries</a></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">124</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">137</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Expected recoveries of future payments</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_LoanStatusAxis=mbi_ExcessSpreadMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_LoanStatusAxis<br>= mbi_ExcessSpreadMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRmbsAndHelocAndCesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">35</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">45</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member] | General obligations</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[us-gaap_InvestmentTypeAxis=us-gaap_MunicipalBondsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">92,500</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ us-gaap_InvestmentTypeAxis<br>= us-gaap_MunicipalBondsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[us-gaap_InvestmentTypeAxis=us-gaap_MunicipalBondsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">98,900</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ us-gaap_InvestmentTypeAxis<br>= us-gaap_MunicipalBondsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member] | General obligations | Classified [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_ClassifiedStatusAxis=mbi_ClassifiedMember;us-gaap_InvestmentTypeAxis=us-gaap_MunicipalBondsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember<br>/ us-gaap_InvestmentTypeAxis<br>= us-gaap_MunicipalBondsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_ClassifiedStatusAxis=mbi_ClassifiedMember;us-gaap_InvestmentTypeAxis=us-gaap_MunicipalBondsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">152</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember<br>/ us-gaap_InvestmentTypeAxis<br>= us-gaap_MunicipalBondsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember', window );">Second Lien R M B S Securitizations [Member] | Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember]" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRMBSSecuritizationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember]" onclick="toggleNextSibling(this);">70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRMBSSecuritizationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember', window );">Second Lien R M B S Securitizations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRMBSSecuritizationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienRMBSSecuritizationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="6"></td>
      </tr>
      <tr>
        <td colspan="6">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Contract Claims On Ineligible Mortgage Loans Inception To Date Incurred Loss On Transactions</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_GrossReserveRecoveriesOnUnpaidLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross reserve, recoveries on unpaid losses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_GrossReserveRecoveriesOnUnpaidLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseToCaseBasisReserves">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase Decrease To Case Basis Reserves</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_IncreaseDecreaseToCaseBasisReserves</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EstimatedInsuranceRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 17<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EstimatedInsuranceRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a),(b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of insured contractual payments outstanding attributable to the principal of the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td>na</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienRMBSReservesMember</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
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                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRmbsAndHelocAndCesMember</td>
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                    <td>na</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienRMBSSecuritizationsMember</td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember</td>
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                    <td></td>
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                    <td>na</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EUPAG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Aggregate Fair Value And Remaining Contractual Principal Balance Outstanding On Fair Value Option) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
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      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
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        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes', window );">Medium-term notes, contractual outstanding principal</a></td>
        <td class="nump"><a title="mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">$ 215</a><span style="display:none;white-space:normal;text-align:left;">mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">$ 242</a><span style="display:none;white-space:normal;text-align:left;">mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueMediumTermNotes', window );">Medium-term notes, fair value</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueMediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">180</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueMediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueMediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueMediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateDifferencesMediumTermNotes', window );">Medium-term notes, difference</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateDifferencesMediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">35</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateDifferencesMediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateDifferencesMediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">45</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateDifferencesMediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable', window );">Loans receivable, contractual outstanding principal</a></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,876</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,502</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments', window );">Variable interest entity notes, contractual outstanding principal</a></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3,584</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLoansReceivable', window );">Loans receivable, fair value</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,480</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,142</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments', window );">Variable interest entity notes, fair value</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,653</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,479</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables', window );">Loans receivable, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">396</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments', window );">Variable interest entity notes, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,347</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember', window );">Residential Mortgage Loans [Member] | Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable', window );">Loans receivable, contractual outstanding principal</a></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">1,478</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">1,554</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Loans receivable, 90 days or more past due, contractual outstanding principal</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">220</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">227</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLoansReceivable', window );">Loans receivable, fair value</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">1,320</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">1,377</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus', window );">Loans receivable, 90 days or more past due, fair value</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">52</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables', window );">Loans receivable, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">158</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">177</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference', window );">Loans receivable, 90 days or more past due, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">168</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember', window );">Other Loans [Member] | Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable', window );">Loans receivable, contractual outstanding principal</a></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">721</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Loans receivable, 90 days or more past due, contractual outstanding principal</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLoansReceivable', window );">Loans receivable, fair value</a></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOptionAggregateFairValueLoansReceivable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOptionAggregateFairValueLoansReceivable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables', window );">Loans receivable, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference', window );">Loans receivable, 90 days or more past due, difference</a></td>
        <td class="nump"><a title="us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember]" onclick="toggleNextSibling(this);">$ 70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_OtherLoansMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionAggregateDifferencesMediumTermNotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Aggregate Differences Medium Term Notes</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionAggregateDifferencesMediumTermNotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionAggregateFairValueLoansReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Aggregate Fair Value Loans Receivable</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionAggregateFairValueLoansReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Aggregate Fair Value Long Term Debt Instruments</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionAggregateFairValueMediumTermNotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Aggregate Fair Value Medium Term Notes</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionAggregateFairValueMediumTermNotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Contractual Outstanding Principal Loans Receivable</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Contractual Outstanding Principal Long Term Debt Instruments</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Option Contractual Outstanding Principal Medium Term Notes</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans and long-term receivables (other than securities categorized as trading, available-for-sale or held-to-maturity) that have contractual principal amounts and for which the fair value option has been elected.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (d)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of long-term debt instruments that have contractual principal amounts and for which the fair value option has been elected.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (d)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of loans held as assets that are 90 days or more past due for which the fair value option has been elected.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (e)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For loans held as assets for which the fair value option has been elected, this item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of those loans that are 90 days or more past due.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (e)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of loans held as assets that are in nonaccrual status for which the fair value option has been elected, if the entity's policy is to recognize interest income separately from other changes in fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (e)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_OtherLoansMember">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember</td>
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<DOCUMENT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EI1EK">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember', window );">Other Derivative Liabilities [Member] | Discounted cash flow [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember]" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DiscountedCashFlowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember]" onclick="toggleNextSibling(this);">$ 24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DiscountedCashFlowMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember', window );">Discounted Cash Flows [Member] | Other Derivative Liabilities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangeDollars', window );">Range dollars</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember', window );">Discounted Cash Flows [Member] | Other Derivative Liabilities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangeDollars', window );">Range dollars</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember', window );">Discounted Cash Flows [Member] | Other Derivative Liabilities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangeDollars', window );">Range dollars</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangeDollars[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangeDollars<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_DiscountedCashFlowsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Commercial Mortgage Backed Securities [Member] | BET Model [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ValuationTechniqueAxis=mbi_BETValuationModelMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">191</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_BETValuationModelMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ValuationTechniqueAxis=mbi_BETValuationModelMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">224</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_BETValuationModelMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Multi Sector C D O [Member] | Direct Price Model [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_ValuationTechniqueAxis=mbi_DirectPriceModelMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DirectPriceModelMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_ValuationTechniqueAxis=mbi_DirectPriceModelMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DirectPriceModelMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Other Derivative Liabilities [Member] | BET And Dual Default Valuation Models [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_ValuationTechniqueAxis=mbi_BetanddualdefaultvaluationmodelsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_BetanddualdefaultvaluationmodelsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_ValuationTechniqueAxis=mbi_BetanddualdefaultvaluationmodelsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_BetanddualdefaultvaluationmodelsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Commercial Mortgage Backed Securities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Commercial Mortgage Backed Securities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">90.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">90.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Commercial Mortgage Backed Securities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">61.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">59.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Other Derivative Liabilities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">42.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">42.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Other Derivative Liabilities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">45.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">45.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Recovery Rates [Member] | Other Derivative Liabilities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">45.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_RecoveryRatesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">45.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_RecoveryRatesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">19.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">12.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">32.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">29.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">28.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Multi Sector C D O [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">53.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Multi Sector C D O [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">53.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Multi Sector C D O [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_MultiSectorCDOMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">53.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_MultiSectorCDOMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Other Derivative Liabilities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">41.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Other Derivative Liabilities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">51.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Other Derivative Liabilities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_NonperformanceRiskMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Commercial Mortgage Backed Securities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1.3</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Commercial Mortgage Backed Securities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">3.2</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Commercial Mortgage Backed Securities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1.6</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">2.3</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Other Derivative Liabilities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">0.5</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">0.2</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Other Derivative Liabilities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">7.8</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">7.9</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Weighted Average Life [Member] | Other Derivative Liabilities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueDisclosureWeightedAverageInYears', window );">Weighted Average (in years)</a></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueDisclosureWeightedAverageInYears[invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_WeightedAverageLifeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1.1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueDisclosureWeightedAverageInYears<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_WeightedAverageLifeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Commercial Mortgage Backed Securities Spreads [Member] | Commercial Mortgage Backed Securities [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Commercial Mortgage Backed Securities Spreads [Member] | Commercial Mortgage Backed Securities [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">57.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">41.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Commercial Mortgage Backed Securities Spreads [Member] | Commercial Mortgage Backed Securities [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">22.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_CommercialMortgageBackedSecuritiesSpreadsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">19.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_CommercialMortgageBackedSecuritiesSpreadsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member] | Quoted market prices adjusted for financial guarantees provided to VIE obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Fair Value, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_ValuationTechniqueAxis=mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,480</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_ValuationTechniqueAxis=mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">6.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">10.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Variable Interest Entity Primary Beneficiary [Member] | Discounted cash flow [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Fair Value, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">385</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DiscountedCashFlowMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">379</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_DiscountedCashFlowMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_ValuationTechniqueAxis=mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 1,387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_ValuationTechniqueAxis=mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 735</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_ValuationTechniqueAxis<br>= mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Minimum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_MinimumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MinimumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Maximum [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">39.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_MaximumMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">35.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_MaximumMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Weighted Average [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">9.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementRangePercentage[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember;us-gaap_RangeAxis=us-gaap_WeightedAverageMember;mbi_UnobservableInputAxis=mbi_ImpactOfFinancialGuaranteeMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">16.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementRangePercentage<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_RangeAxis<br>= us-gaap_WeightedAverageMember<br>/ mbi_UnobservableInputAxis<br>= mbi_ImpactOfFinancialGuaranteeMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr>
        <td colspan="4"></td>
      </tr>
      <tr>
        <td colspan="4">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Midpoint of cash flows are used for the weighted average.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueDisclosureWeightedAverageInYears">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Disclosure, Weighted Average (In Years)</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueDisclosureWeightedAverageInYears</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:decimalItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueMeasurementRangeDollars">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the fair value measurement range dollars of the Company's assets and liabilities measured at fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueMeasurementRangeDollars</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueMeasurementRangePercentage">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the fair value measurement range percentage of the Company's assets and liabilities measured at fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueMeasurementRangePercentage</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_UnobservableInputAxis=mbi_DiscountedCashFlowsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_CreditDerivativesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
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<SEQUENCE>15
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							function toggleNextSibling (e) {
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2DAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Income Taxes (Income Taxes And Related Effective Tax Rates) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract', window );"><strong>Disclosure Income Taxes Income Taxes And Related Effective Tax Rates [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 404</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">$ 44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">$ 148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies', window );">Effective tax rate</a></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" onclick="toggleNextSibling(this);">38.90%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" onclick="toggleNextSibling(this);">36.60%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies</span><span></span></td>
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    </table>
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        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 940<br><br> -SubTopic 20<br><br> -Section 25<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35710027&amp;loc=d3e41242-110953<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 10<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EINAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Investments (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015

</div>
          <div>security</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014

</div>
          <div>security</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities', window );">Fair value of securities on deposit with various regulatory authorities</a></td>
        <td class="nump"><a title="mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" onclick="toggleNextSibling(this);">$ 10</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" onclick="toggleNextSibling(this);">$ 10</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue', window );">Fair value of securities pledged as collateral</a></td>
        <td class="nump"><a title="us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" onclick="toggleNextSibling(this);">530</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" onclick="toggleNextSibling(this);">532</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements', window );">Cash and money market securities pledged as collateral under investment agreements</a></td>
        <td class="nump"><a title="mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" onclick="toggleNextSibling(this);">$ 27</a><span style="display:none;white-space:normal;text-align:left;">mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" onclick="toggleNextSibling(this);">$ 26</a><span style="display:none;white-space:normal;text-align:left;">mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition', window );">Weighted average contractual maturity period in years for securities in an unrealized loss position</a></td>
        <td class="text">16 years<span></span></td>
        <td class="text">13 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod', window );">Number of securities in unrealized loss position for a continuous 12 month period</a></td>
        <td class="nump"><a title="mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" onclick="toggleNextSibling(this);">143</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfSecuritiesBookValueExceededMarketValue', window );">Rate that a security's fair value is below book value</a></td>
        <td class="nump"><a title="mbi_PercentageOfSecuritiesBookValueExceededMarketValue" onclick="toggleNextSibling(this);">5.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfSecuritiesBookValueExceededMarketValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember', window );">Fair Value Below Book Value Greater Than Five Percent [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod', window );">Number of securities in unrealized loss position for a continuous 12 month period</a></td>
        <td class="nump"><a title="mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash And Money Market Securities Collateral for Investment Agreements</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Of Securities On Deposit With Various Regulatory Authorities</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure regarding factors used to determine that the impairment of securities not categorized as trading securities (hence equal to available for sale and held to maturity securities) where cost exceeds fair value. This item contains disclosure of the number of investment positions in the investments determined to be temporarily impaired.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfSecuritiesBookValueExceededMarketValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage that a security's fair value is below its book value on available-for-sale and held-to-maturity securities. This percentage is used as a severity threshold for disclosing information about securities in an unrealized loss position for a continuous 12 month period or longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfSecuritiesBookValueExceededMarketValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the weighted average contractual maturity period in years for securities in an unrealized loss position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentsLineItems">
        <tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentsLineItems</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of financial instrument held by the entity for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 860<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (b)(1)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720971&amp;loc=SL6224234-111729<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 860<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6467456&amp;loc=d3e113888-111728<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember">
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E1E">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Commitments and Contingencies (Narrative) (Detail)<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015

</div>
          <div>Lawsuits</div>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfOtherLawsuits', window );">Other material lawsuits pending</a></td>
        <td class="nump"><a title="mbi_NumberOfOtherLawsuits" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfOtherLawsuits</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Other material lawsuits pending</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EHFAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Expenses Related To Remedial Actions For Insured Obligations) (Detail) (Remedial Actions For Insured Obligations [Member], USD $)<br>In Millions, unless otherwise specified</strong></div>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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        <th class="th">
          <div>Mar. 31, 2014</div>
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          <div class="a">Remedial Actions For Insured Obligations [Member]</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredGross', window );">Loss adjustment expense incurred, gross</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross[mbi_ClaimLiabilityAxis=mbi_RemedialActionsForInsuredObligationsMember]" onclick="toggleNextSibling(this);">$ (2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredGross<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RemedialActionsForInsuredObligationsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredGross[mbi_ClaimLiabilityAxis=mbi_RemedialActionsForInsuredObligationsMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredGross<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RemedialActionsForInsuredObligationsMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredGross">
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredGross</td>
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                    <td>xbrli:monetaryItemType</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Earnings Per Share (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock', window );">Schedule Of Basic And Diluted Earnings Per Share</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:194.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:194.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions except share and per share amounts</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:90pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:89.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:89.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Basic earnings per share:</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >256</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: undistributed earnings allocated to participating securities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) available to common shareholders</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic weighted average shares</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > (1)</font></sup></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >181,735,876</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189,033,982</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) per basic common share</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.37</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.33</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Diluted earnings per share:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >256</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: undistributed earnings allocated to participating securities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) available to common shareholders</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic weighted average shares</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > (1)</font></sup></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >181,735,876</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189,033,982</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Effect of common stock equivalents:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >  Stock options</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,000,539</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,229,766</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted weighted average shares</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >182,736,415</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >190,263,748</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) per diluted common share</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.37</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.32</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td colspan='7' rowspan='1' style='width:516.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:516.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes 678,568 and 405,961 of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td colspan='7' rowspan='1' style='width:516.75pt;text-align:left;border-color:Black;min-width:516.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >three months ended March 31, 2015 and 2014, respectively.</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr></table></div><span></span></td>
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          <div style="width: 200px;"><strong>Business Segments (Summary Of Premiums Earned On Financial Guarantees And Insured Derivatives By Geographic Location Of Risk) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=mbi_EuropeExcludingUnitedKingdomMember', window );">Europe Excluding United Kingdom [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives', window );">Total premiums earned</a></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_EuropeExcludingUnitedKingdomMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_EuropeExcludingUnitedKingdomMember</span><span></span></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_EuropeExcludingUnitedKingdomMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_EuropeExcludingUnitedKingdomMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=mbi_InternationallyDiversifiedMember', window );">Internationally Diversified [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives', window );">Total premiums earned</a></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_InternationallyDiversifiedMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_InternationallyDiversifiedMember</span><span></span></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_InternationallyDiversifiedMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_InternationallyDiversifiedMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=mbi_CentralAndSouthAmericaMember', window );">Central And South America [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives', window );">Total premiums earned</a></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_CentralAndSouthAmericaMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_CentralAndSouthAmericaMember</span><span></span></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_CentralAndSouthAmericaMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_CentralAndSouthAmericaMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=us-gaap_AsiaMember', window );">Asia [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives', window );">Total premiums earned</a></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=us-gaap_AsiaMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= us-gaap_AsiaMember</span><span></span></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=us-gaap_AsiaMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= us-gaap_AsiaMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=mbi_OtherLocationsMember', window );">Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives', window );">Total premiums earned</a></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_OtherLocationsMember]" onclick="toggleNextSibling(this);">$ 1</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_OtherLocationsMember</span><span></span></td>
        <td class="nump"><a title="mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives[us-gaap_StatementGeographicalAxis=mbi_OtherLocationsMember]" onclick="toggleNextSibling(this);">$ 2</a><span style="display:none;white-space:normal;text-align:left;">mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives<br>/ us-gaap_StatementGeographicalAxis<br>= mbi_OtherLocationsMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=mbi_EuropeExcludingUnitedKingdomMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EEQAG">
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          <div style="width: 200px;"><strong>Investments (Distribution By Contractual Maturity Of Available-For-Sale and Held-To-Maturity Investments) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
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      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Total Held-To-Maturity, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">$ 2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">$ 2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total Held-To-Maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis', window );">Due in one year or less</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">839</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis', window );">Due after one year through five years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,420</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis', window );">Due after five years through ten years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">905</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis', window );">Due after ten years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,467</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost', window );">Mortgage-Backed and Asset-Backed</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,574</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis', window );">Total Available-For-Sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,205</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue', window );">Due in one year or less</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">841</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue', window );">Due after one year through five years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,449</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue', window );">Due after five years through ten years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">943</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue', window );">Due after ten years</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,507</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue', window );">Mortgage-Backed and Asset-Backed</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,559</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Total Available-For-Sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesDebtSecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesDebtSecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount', window );">Due in one year or less</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount', window );">Due after one year through five years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount', window );">Due after five years through ten years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount', window );">Due after ten years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount', window );">Mortgage-Backed and Asset-Backed</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Total Held-To-Maturity, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue', window );">Due in one year or less</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue', window );">Due after one year through five years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue', window );">Due after five years through ten years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue', window );">Due after ten years</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue', window );">Mortgage-Backed and Asset-Backed</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total Held-To-Maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after adjustments of available-for-sale debt securities at cost, maturing in the next rolling twelve months following the latest balance sheet. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments and fair value hedge accounting adjustments. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of available-for-sale debt securities maturing in the next rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after adjustments of available-for-sale debt securities at cost, maturing after the tenth rolling twelve months following the latest balance sheet. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of available-for-sale debt securities maturing after the tenth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after adjustments of available-for-sale debt securities at cost, maturing in the sixth through tenth rolling twelve months following the latest balance sheet. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of available-for-sale debt securities maturing in the sixth through tenth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after adjustments of available-for-sale debt securities at cost, maturing in the second through fifth rolling twelve months following the latest balance sheet. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of available-for-sale debt securities maturing in the second through fifth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of available-for-sale debt securities at cost, net of adjustments, that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the cost over several maturity groupings. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27198-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost</td>
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                  <tr>
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                    <td><strong> Balance Type:</strong></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of available-for-sale debt securities at fair value that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the fair value over several maturity groupings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27198-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
            </div>
          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of debt securities categorized neither as held-to-maturity nor trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)-(g)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62557-112803<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of debt securities accounted for as held-to-maturity, net of adjustments including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized, and fair value hedge accounting adjustments, maturing in the fifth through tenth fiscal year following the latest fiscal year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62586-112803<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of debt securities accounted for as held-to-maturity, net of adjustments including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized, and fair value hedge accounting adjustments, maturing in the next fiscal year through the fifth fiscal year following the latest fiscal year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62586-112803<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          </td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of debt securities accounted for as held-to-maturity, net of adjustments including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized, and fair value hedge accounting adjustments, maturing after the tenth fiscal year following the latest fiscal year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62586-112803<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)(4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of held-to-maturity debt securities maturing in the next rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of held-to-maturity debt securities maturing after the tenth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of held-to-maturity debt securities maturing in the sixth through tenth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of held-to-maturity debt securities maturing in the second through fifth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of debt securities accounted for as held-to-maturity, net of adjustments including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized, and fair value hedge accounting adjustments, maturing in the next fiscal year following the latest fiscal year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62586-112803<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of held-to-maturity debt securities at fair value that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the fair value over several maturity groupings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of debt securities accounted for as held-to-maturity, net of adjustments including, but not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized, and fair value hedge accounting adjustments, over several maturity groupings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (d),(f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount</td>
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                  <tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EBUAE">
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          <div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Changes In The Components Of AOCI) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
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      <tr>
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          <div>Mar. 31, 2015</div>
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          <div>Mar. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassification</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
        <td class="nump"><a title="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" onclick="toggleNextSibling(this);">73</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember', window );">Unrealized gains (losses) on AFS, net [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">34</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassification</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
        <td class="nump"><a title="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember', window );">Foreign currency translation, net [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
        <td class="num"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">(13)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassification</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
        <td class="nump"><a title="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
        <td class="num"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">$ (33)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e681-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669686-108580<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax, before reclassification adjustments of other comprehensive income (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of reclassification adjustments of other comprehensive income (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td>na</td>
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                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EVRAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Details Of The Reclassification From AOCI) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">$ 30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">$ (55)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">404</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember', window );">Amounts reclassified from AOCI [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember', window );">Unrealized gains (losses) on AFS, net [Member] | Amounts reclassified from AOCI [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetInvestmentIncome', window );">Net investment income</a></td>
        <td class="num"><a title="us-gaap_NetInvestmentIncome[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetInvestmentIncome[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember', window );">Foreign currency translation, net [Member] | Amounts reclassified from AOCI [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember;us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember]" onclick="toggleNextSibling(this);">$ (4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis<br>= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedTranslationAdjustmentMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 940<br><br> -SubTopic 20<br><br> -Section 25<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35710027&amp;loc=d3e41242-110953<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 10<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 16<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 2<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EEDAC">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Segments (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12317-112629<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12355-112629<br><br><br><br></p>
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                <p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p>
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                <p>No definition available.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Developments and Risks and Uncertainties (Tables)<br></strong></div>
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        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:104.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:104.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:105pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments carried at fair value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >     Total assets held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >802</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities </font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for loans purchased</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >     Total liabilities held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >772</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of assets and liabilities held for sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td>nonnum:textBlockItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TextBlockAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E35BI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Fair Value Hierarchy Table Presents The Company's Assets And Liabilities At Fair Value Not Recorded On The Company's Consolidated Balance Sheet) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">$ 22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">$ 802</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember', window );">Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 1 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureNonrecurring', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember', window );">Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 2 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedInvestmentIncomeReceivable', window );">Accrued investment income</a></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReceivableForInvestmentsSold', window );">Receivable for investments sold</a></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">67</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureNonrecurring', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">132</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">138</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">1,113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">1,172</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PayableForInvestmentsPurchasedFairValueDisclosure', window );">Payable for investments purchased</a></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">1,184</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">1,214</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember', window );">Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 2 [Member] | Facilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember', window );">Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 3 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureNonrecurring', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">2,639</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">2,636</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">705</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">753</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">801</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">4,240</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">4,285</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">3,874</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">4,051</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">103</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">109</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember', window );">Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,776</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,779</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Reported Amount Fair Value Disclosure [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedInvestmentIncomeReceivable', window );">Accrued investment income</a></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReceivableForInvestmentsSold', window );">Receivable for investments sold</a></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">67</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureNonrecurring', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">2,878</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">2,899</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">538</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">547</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">928</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,004</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,828</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,810</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PayableForInvestmentsPurchasedFairValueDisclosure', window );">Payable for investments purchased</a></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">6,107</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">6,160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,846</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,959</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">61</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember]" onclick="toggleNextSibling(this);">65</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Reported Amount Fair Value Disclosure [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Facilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Reported Amount Fair Value Disclosure [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_CarryingReportedAmountFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments</a></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedInvestmentIncomeReceivable', window );">Accrued investment income</a></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AccruedInvestmentIncomeReceivable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccruedInvestmentIncomeReceivable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReceivableForInvestmentsSold', window );">Receivable for investments sold</a></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">67</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_ReceivableForInvestmentsSold[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReceivableForInvestmentsSold<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureNonrecurring', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">2,771</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">2,774</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_GuaranteedInvestmentAgreementsFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">705</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteedInvestmentAgreementsFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">753</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">801</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LongTermDebtFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">1,172</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PayableForInvestmentsPurchasedFairValueDisclosure', window );">Payable for investments purchased</a></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="mbi_PayableForInvestmentsPurchasedFairValueDisclosure[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">5,424</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureNonrecurring[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">5,499</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">3,874</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeGross[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">4,051</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeGross<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">103</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeCeded[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember]" onclick="toggleNextSibling(this);">109</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeCeded<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Facilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_MajorPropertyClassAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_MajorPropertyClassAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 2,776</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NotesPayable[mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember;us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 2,779</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis<br>= mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember<br>/ us-gaap_FairValueByMeasurementBasisAxis<br>= us-gaap_EstimateOfFairValueFairValueDisclosureMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within "Other assets" on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within "Other liabilities" on MBIA's consolidated balance sheets.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeCeded">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the Company's balance sheet carrying amount of the financial guarantee insurance contracts ceded to third party reinsurers. The balance sheet carrying amount comprises the prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FinancialGuaranteeCeded</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the Company's balance sheet carrying amount of the financial guarantee insurance contract obligations with third parties. The gross balance sheet carrying amount comprises the unearned premium revenue and the loss and loss adjustment expense reserves balances</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FinancialGuaranteeGross</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_GuaranteedInvestmentAgreementsFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Guaranteed Investment Agreements Fair Value</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_GuaranteedInvestmentAgreementsFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PayableForInvestmentsPurchasedFairValueDisclosure">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Payable for investments purchased fair value disclosure</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PayableForInvestmentsPurchasedFairValueDisclosure</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReceivableForInvestmentsSold">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Receivable for investments sold.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ReceivableForInvestmentsSold</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedInvestmentIncomeReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 4<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccruedInvestmentIncomeReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosureNonrecurring">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a nonrecurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosureNonrecurring</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1107-107759<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosureNonrecurring">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregation of the liabilities reported on the balance sheet measured at fair value on a nonrecurring basis by the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosureNonrecurring</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MediumTermNotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Including the current and noncurrent portions, carrying value at the balance sheet date of a financial instrument used to receive debt funding on a regular basis with original maturities ranging from 5-10 years.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 16<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 20, 22<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MediumTermNotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 20, 22<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.16)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 13, 16<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NotesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Other investments not otherwise specified in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 12<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Subparagraph g<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.1(f,g))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember</td>
                  </tr>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EVFBI">
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          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
        <th class="th" colspan="2">12 Months Ended</th>
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      <tr>
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          <div>Mar. 31, 2015

</div>
          <div>policy

</div>
          <div>issue</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014

</div>
          <div>issue

</div>
          <div>policy</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies</a></td>
        <td class="nump"><a title="mbi_NumberOfPolicies" onclick="toggleNextSibling(this);">310</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NumberOfPolicies" onclick="toggleNextSibling(this);">315</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies</span><span></span></td>
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        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" onclick="toggleNextSibling(this);">145</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" onclick="toggleNextSibling(this);">147</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
        <td class="text">7 years 7 months 6 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">7 years 8 months 12 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" onclick="toggleNextSibling(this);">$ 10,884</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" onclick="toggleNextSibling(this);">$ 11,263</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" onclick="toggleNextSibling(this);">4,371</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" onclick="toggleNextSibling(this);">4,620</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" onclick="toggleNextSibling(this);">15,255</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" onclick="toggleNextSibling(this);">15,883</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" onclick="toggleNextSibling(this);">791</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" onclick="toggleNextSibling(this);">850</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" onclick="toggleNextSibling(this);">719</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" onclick="toggleNextSibling(this);">860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" onclick="toggleNextSibling(this);">96</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability', window );">Net claim liability (recoverable)</a></td>
        <td class="num"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" onclick="toggleNextSibling(this);">(24)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" onclick="toggleNextSibling(this);">(24)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" onclick="toggleNextSibling(this);">158</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" onclick="toggleNextSibling(this);">167</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember', window );">Caution List Low [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies</a></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">38</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
        <td class="text">6 years 9 months 18 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">7 years 2 months 12 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">1,573</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">1,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">593</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">696</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">2,166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">2,453</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability', window );">Net claim liability (recoverable)</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">60</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember]" onclick="toggleNextSibling(this);">63</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListLowMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember', window );">Caution List Medium [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies</a></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">102</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">98</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
        <td class="text">12 years 1 month 6 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">12 years 0 months 0 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">1,375</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">1,372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">822</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">819</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">2,197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">2,191</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability', window );">Net claim liability (recoverable)</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListMediumMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember', window );">Caution List High [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies</a></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
        <td class="text">9 years 4 months 24 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">10 years 1 month 6 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">156</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">133</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">80</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">68</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">236</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">201</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability', window );">Net claim liability (recoverable)</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_CautionListHighMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember', window );">Classified List [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies</a></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">172</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NumberOfPolicies[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">175</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfPolicies<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
        <td class="text">6 years 10 months 24 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">7 years 0 months 0 days<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">7,780</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">8,001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">2,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">3,037</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">10,656</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">11,038</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">791</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">850</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">719</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">860</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">96</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability', window );">Net claim liability (recoverable)</a></td>
        <td class="num"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">(24)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">(24)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">$ 76</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue[mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember]" onclick="toggleNextSibling(this);">$ 80</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue<br>/ mbi_SurveillanceCategoriesAxis<br>= mbi_ClassifiedListMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">An issue represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[3]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfPolicies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number Of Policies</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NumberOfPolicies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Remaining weighted average contract period of financial guarantee insurance contracts, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(ii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:durationItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(iv)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of insured contractual payments outstanding on the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of insured contractual payments outstanding attributable to interest accrued on the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of insured contractual payments outstanding attributable to the principal of the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(iii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the net claim liability related to financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(vii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the number of issued and outstanding contracts for each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:decimalItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the gross potential recoveries against the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(v)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the net discount consisting of the difference between the discount related to the claim liability for and potential recoveries thereof related to financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(vi)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of unearned premium revenue, reported on or included in the statement of financial position, related to financial guarantee insurance contracts and presented in the schedule of insured financial obligations with credit deterioration in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751133-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5)(ix)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R75.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EWMAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) (USD $)<br>In Millions, except Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Basic earnings per share: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ 69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ 256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic', window );">Less: Undistributed earnings allocated to participating securities</a></td>
        <td class="nump"><a title="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) available to common stockholders</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" onclick="toggleNextSibling(this);">67</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" onclick="toggleNextSibling(this);">251</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average shares</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">181,735,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">189,033,982</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Net income (loss) per basic common share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 0.37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 1.33</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDilutedAbstract', window );"><strong>Diluted earnings per share: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted', window );">Less: Undistributed earnings allocated to participating securities</a></td>
        <td class="nump"><a title="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted</span><span></span></td>
        <td class="nump"><a title="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted', window );">Net income (loss) available to common stockholders</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" onclick="toggleNextSibling(this);">$ 67</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" onclick="toggleNextSibling(this);">$ 251</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average shares</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">181,735,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">189,033,982</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements', window );">Stock options</a></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" onclick="toggleNextSibling(this);">1,000,539</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" onclick="toggleNextSibling(this);">1,229,766</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants', window );">Warants</a></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted weighted average shares</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">182,736,415</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">190,263,748</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net income (loss) per diluted common share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 0.37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 1.32</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition', window );">Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition</a></td>
        <td class="nump"><a title="mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" onclick="toggleNextSibling(this);">678,568</a><span style="display:none;white-space:normal;text-align:left;">mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition</span><span></span></td>
        <td class="nump"><a title="mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" onclick="toggleNextSibling(this);">405,961</a><span style="display:none;white-space:normal;text-align:left;">mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDilutedAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareDilutedAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Warrant<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528364<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 23<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1757-109256<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Treasury Stock Method<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6527216<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Call Option<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506649<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1500-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1377-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1377-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 60B<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=SL5780133-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of undistributed earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 60B<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=SL5780133-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EQYAE">
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          <div style="width: 200px;"><strong>Variable Interest Entities (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets', window );">Carrying amounts of assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" onclick="toggleNextSibling(this);">$ 5,700</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" onclick="toggleNextSibling(this);">$ 5,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities', window );">Carrying amounts of liabilities</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" onclick="toggleNextSibling(this);">5,500</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" onclick="toggleNextSibling(this);">4,800</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfVariableInterestEntitiesConsolidated', window );">Number of variable interest entities consolidated</a></td>
        <td class="nump"><a title="mbi_NumberOfVariableInterestEntitiesConsolidated" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfVariableInterestEntitiesConsolidated</span><span></span></td>
        <td class="nump"><a title="mbi_NumberOfVariableInterestEntitiesConsolidated" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfVariableInterestEntitiesConsolidated</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss', window );">Net realized gains (losses) related to the initial consolidation</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember', window );">Advisory Services [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets', window );">Carrying amounts of assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets[us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">751</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities', window );">Carrying amounts of liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities[us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">754</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfVariableInterestEntitiesConsolidated', window );">Number of variable interest entities consolidated</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_NumberOfVariableInterestEntitiesConsolidated[us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfVariableInterestEntitiesConsolidated<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member] | Collateral Loan Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Investments carried at fair value</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_TradingSecurities[invest_InvestmentAxis=us-gaap_CollateralizedLoanObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TradingSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedLoanObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfVariableInterestEntitiesConsolidated">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the number of VIEs consolidated during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NumberOfVariableInterestEntitiesConsolidated</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Trading Securities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6526789<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (bb)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5710-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amount of the consolidated Variable Interest Entity's liabilities included in the reporting entity's statement of financial position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (bb)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5710-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The gain (loss) recognized on initial consolidation of a variable interest entity (VIE) when the VIE is not a business (as defined).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5710-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E4BAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Realized And Unrealized Gains And Losses Included In Earnings Pertaining To Level 3 Assets And Liabilities) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">$ 37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">$ 838</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">(55)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Total Gains Losses Included In Earnings [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">838</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives', window );">Realized gains and other settlements on insured derivatives</a></td>
        <td class="num"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="num"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">(369)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">(13)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings', window );">Total revenues</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">433</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Change In Unrealized Gains Losses For Period Included In Earnings For Assets And Liabilities Still Held [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">(13)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings', window );">Total revenues</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">61</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="nump"><a title="us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Total Gains Losses Included In Earnings [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_TotalGainsLossesIncludedInEarningsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(23)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_TotalGainsLossesIncludedInEarningsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Change In Unrealized Gains Losses For Period Included In Earnings For Assets And Liabilities Still Held [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[mbi_FairValueByConsolidatedStatementsOfOperationsAxis=mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ (6)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ mbi_FairValueByConsolidatedStatementsOfOperationsAxis<br>= mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Realized gains and losses and recognized premiums and fees related to insurance policies on derivatives included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of realized and unrealized gain (loss) included in earnings, which have arisen from the use of significant unobservable inputs (level 3) to measure fair value of assets, liabilities, and financial instruments classified in shareholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R67.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
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    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EJ6BI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Derivative Instruments (Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting) (Detail) (Not Designated as Hedging Instrument [Member], USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount" onclick="toggleNextSibling(this);">$ 14,862</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount" onclick="toggleNextSibling(this);">$ 15,839</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(590)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(537)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsMember', window );">Derivative Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeAssetsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">91</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeAssetsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember', window );">Interest Rate Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">1,179</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">1,450</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember', window );">Interest Rate Swap [Member] | Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(269)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(248)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember', window );">Interest Rate Swap [Member] | Other Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_OtherAssetsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_OtherAssetsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember', window );">Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">8,086</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">9,481</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember', window );">Credit Default Swap [Member] | Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(207)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(244)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember', window );">Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">3,877</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">4,044</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember', window );">Insured Swaps [Member] | Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember', window );">Interest Rate Swaps V I E [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">903</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsVIEMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember', window );">Interest Rate Swaps V I E [Member] | Derivative Liabilities V I E [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="nump"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesVIEMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesVIEMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsVIEMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember', window );">Interest Rate Swaps Embedded [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">392</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">437</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember', window );">Interest Rate Swaps Embedded [Member] | Medium Term Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_MediumTermNotesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_MediumTermNotesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_MediumTermNotesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(19)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_MediumTermNotesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember', window );">Currency Swaps Vie [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">89</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_CurrencySwapsVieMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">91</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_CurrencySwapsVieMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember', window );">Currency Swaps Vie [Member] | Derivative Assets V I E [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
        <td class="nump"><a title="mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsVIEMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeAssetsVIEMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_CurrencySwapsVieMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember', window );">All Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember', window );">All Other [Member] | Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">(24)</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherVIEMember', window );">All Other V I E [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherVIEMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">241</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherVIEMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherVIEMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">241</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherVIEMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherEmbeddedMember', window );">All Other Embedded [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">$ 12</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherEmbeddedMember;us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember]" onclick="toggleNextSibling(this);">$ 12</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_AllOtherEmbeddedMember<br>/ us-gaap_HedgingDesignationAxis<br>= us-gaap_NondesignatedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company's embedded derivative instruments is determined by the location of the related host contract</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_DerivativeNotionalAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 12<br><br> -Section 13<br><br> -Sentence Column B<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_DerivativeNotionalAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>invest_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of derivative Asset Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of derivative liability Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_DerivativeAssetsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherEmbeddedMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherEmbeddedMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherVIEMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherVIEMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember</td>
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                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EZHAE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Investments (Average Credit Ratings For Securities Rated Below Investment Grade Without The Effect Of Financial Guarantees) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Fair Value Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">$ 56</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Percentage Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">57.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember', window );">Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Fair Value Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Percentage Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">100.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Fair Value Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors', window );">Percentage Of Securities Rated Below Investment Grade Without Giving Effect To Benefit Of Guarantees Provided By Financial Guarantors</a></td>
        <td class="nump"><a title="mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">0.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value of Securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of securities rated below investment grade without giving effect to the benefit of guarantees provided by financial guarantors.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors</td>
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                    <td>num:percentItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentsLineItems</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember">
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EAXAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel', window );">Percentage of insured credit derivatives, value under Direct Price Model and Dual-Default Model</a></td>
        <td class="nump"><a title="mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel" onclick="toggleNextSibling(this);">7.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet', window );">Net insured derivative liability</a></td>
        <td class="nump"><a title="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" onclick="toggleNextSibling(this);">$ 207</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" onclick="toggleNextSibling(this);">$ 244</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability', window );">Impact of including the nonperformance risk in valuation of pre-tax net insured derivative liability</a></td>
        <td class="nump"><a title="mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" onclick="toggleNextSibling(this);">89</a><span style="display:none;white-space:normal;text-align:left;">mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" onclick="toggleNextSibling(this);">92</a><span style="display:none;white-space:normal;text-align:left;">mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue', window );">Percentage of level 3 assets at fair value in total assets measured at fair value value</a></td>
        <td class="nump"><a title="mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" onclick="toggleNextSibling(this);">20.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" onclick="toggleNextSibling(this);">20.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue', window );">Percentage of level 3 liabilities at fair value in total liabilities measured at fair value</a></td>
        <td class="nump"><a title="mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" onclick="toggleNextSibling(this);">53.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" onclick="toggleNextSibling(this);">35.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TransfersIntoLevelThree', window );">Transfers into Level 3</a></td>
        <td class="nump"><a title="mbi_TransfersIntoLevelThree" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoLevelThree</span><span></span></td>
        <td class="nump"><a title="mbi_TransfersIntoLevelThree" onclick="toggleNextSibling(this);">160</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoLevelThree</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TransfersOutOfLevelThree', window );">Transfers out of Level 3</a></td>
        <td class="nump"><a title="mbi_TransfersOutOfLevelThree" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersOutOfLevelThree</span><span></span></td>
        <td class="nump"><a title="mbi_TransfersOutOfLevelThree" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersOutOfLevelThree</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TransfersIntoLevelTwo', window );">Transfers into Level 2</a></td>
        <td class="nump"><a title="mbi_TransfersIntoLevelTwo" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoLevelTwo</span><span></span></td>
        <td class="nump"><a title="mbi_TransfersIntoLevelTwo" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoLevelTwo</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TransfersOutOfLevelTwo', window );">Transfers out of Level 2</a></td>
        <td class="nump"><a title="mbi_TransfersOutOfLevelTwo" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersOutOfLevelTwo</span><span></span></td>
        <td class="nump"><a title="mbi_TransfersOutOfLevelTwo" onclick="toggleNextSibling(this);">160</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersOutOfLevelTwo</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TransfersIntoAndOutOfLevelOne', window );">Transfers into or out of Level 1</a></td>
        <td class="nump"><a title="mbi_TransfersIntoAndOutOfLevelOne" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoAndOutOfLevelOne</span><span></span></td>
        <td class="nump"><a title="mbi_TransfersIntoAndOutOfLevelOne" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_TransfersIntoAndOutOfLevelOne</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis=mbi_BETValuationModelMember', window );">B E T Valuation Model [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel', window );">Percentage of insured credit derivatives, fair value using the BET model</a></td>
        <td class="nump"><a title="mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel[us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis=mbi_BETValuationModelMember]" onclick="toggleNextSibling(this);">93.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel<br>/ us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis<br>= mbi_BETValuationModelMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Approximate percentage of level 3 assets at fair value in total assets measured at fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Approximate percentage of level 3 liabilities at fair value in total liabilities measured at fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Impact Of Non Performance Risk On Insured Derivative Liability</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage Of Insured Credit Derivatives Value Under Bet Model</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage of insured credit derivatives value under direct price model and dual default model</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TransfersIntoAndOutOfLevelOne">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Transfers of assets measured at fair value on a recurring basis into and out of level one during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TransfersIntoAndOutOfLevelOne</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TransfersIntoLevelThree">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Transfers of assets measured at fair value on a recurring basis into level three during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TransfersIntoLevelThree</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TransfersIntoLevelTwo">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Transfers of assets measured at fair value on a recurring basis into level two during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TransfersIntoLevelTwo</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TransfersOutOfLevelThree">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Transfers of assets measured at fair value on a recurring basis out of level three during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TransfersOutOfLevelThree</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TransfersOutOfLevelTwo">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Transfers of assets measured at fair value on a recurring basis out of level two during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TransfersOutOfLevelTwo</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis=mbi_BETValuationModelMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis=mbi_BETValuationModelMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E53BG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromInsurancePremiumsCollected', window );">Premiums, fees and reimbursements received</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromInsurancePremiumsCollected" onclick="toggleNextSibling(this);">$ 17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromInsurancePremiumsCollected</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromInsurancePremiumsCollected" onclick="toggleNextSibling(this);">$ 30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromInsurancePremiumsCollected</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromInterestAndDividendsReceived', window );">Investment income received</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromInterestAndDividendsReceived" onclick="toggleNextSibling(this);">90</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromInterestAndDividendsReceived</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromInterestAndDividendsReceived" onclick="toggleNextSibling(this);">110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromInterestAndDividendsReceived</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid', window );">Insured derivative commutations and losses paid</a></td>
        <td class="num"><a title="mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" onclick="toggleNextSibling(this);">(13)</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid</span><span></span></td>
        <td class="num"><a title="mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" onclick="toggleNextSibling(this);">(343)</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForLossesAndLossAdjustmentExpense', window );">Financial guarantee losses and loss adjustment expenses paid</a></td>
        <td class="num"><a title="us-gaap_PaymentsForLossesAndLossAdjustmentExpense" onclick="toggleNextSibling(this);">(17)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForLossesAndLossAdjustmentExpense</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForLossesAndLossAdjustmentExpense" onclick="toggleNextSibling(this);">(86)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForLossesAndLossAdjustmentExpense</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ProceedsFromReinsuranceAndRecoveries', window );">Proceeds from recoveries and reinsurance</a></td>
        <td class="nump"><a title="mbi_ProceedsFromReinsuranceAndRecoveries" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromReinsuranceAndRecoveries</span><span></span></td>
        <td class="nump"><a title="mbi_ProceedsFromReinsuranceAndRecoveries" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromReinsuranceAndRecoveries</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForOperatingActivities', window );">Operating and employee related expenses paid</a></td>
        <td class="num"><a title="us-gaap_PaymentsForOperatingActivities" onclick="toggleNextSibling(this);">(55)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForOperatingActivities</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForOperatingActivities" onclick="toggleNextSibling(this);">(111)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForOperatingActivities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Interest paid, net of interest converted to principal</a></td>
        <td class="num"><a title="us-gaap_InterestPaidNet" onclick="toggleNextSibling(this);">(54)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPaidNet</span><span></span></td>
        <td class="num"><a title="us-gaap_InterestPaidNet" onclick="toggleNextSibling(this);">(48)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestPaidNet</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes (paid) received</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxesPaidNet" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxesPaidNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxesPaidNet" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxesPaidNet</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash provided (used) by operating activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(424)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireAvailableForSaleSecurities', window );">Purchases of available-for-sale investments</a></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquireAvailableForSaleSecurities" onclick="toggleNextSibling(this);">(478)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquireAvailableForSaleSecurities</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquireAvailableForSaleSecurities" onclick="toggleNextSibling(this);">(325)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquireAvailableForSaleSecurities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities', window );">Sales of available-for-sale investments</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" onclick="toggleNextSibling(this);">192</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities', window );">Paydowns and maturities of available-for-sale investments</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" onclick="toggleNextSibling(this);">135</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities', window );">Purchases of investments at fair value</a></td>
        <td class="num"><a title="mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" onclick="toggleNextSibling(this);">(166)</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities</span><span></span></td>
        <td class="num"><a title="mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" onclick="toggleNextSibling(this);">(386)</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities', window );">Sales, paydowns and maturities of investments at fair value</a></td>
        <td class="nump"><a title="mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" onclick="toggleNextSibling(this);">170</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities</span><span></span></td>
        <td class="nump"><a title="mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" onclick="toggleNextSibling(this);">452</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromShortTermInvestments', window );">Sales, paydowns and maturities (purchases) of short-term investments, net</a></td>
        <td class="nump"><a title="us-gaap_PaymentsForProceedsFromShortTermInvestments" onclick="toggleNextSibling(this);">232</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromShortTermInvestments</span><span></span></td>
        <td class="nump"><a title="us-gaap_PaymentsForProceedsFromShortTermInvestments" onclick="toggleNextSibling(this);">219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromShortTermInvestments</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities', window );">Sales, paydowns and maturities of held-to-maturity investments</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable', window );">Paydowns and maturities of loans receivable</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" onclick="toggleNextSibling(this);">52</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ProceedsFromConsolidationOfVariableInterestEntity', window );">Consolidation of variable interest entities including cash acquired</a></td>
        <td class="nump"><a title="mbi_ProceedsFromConsolidationOfVariableInterestEntity" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromConsolidationOfVariableInterestEntity</span><span></span></td>
        <td class="nump"><a title="mbi_ProceedsFromConsolidationOfVariableInterestEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_ProceedsFromConsolidationOfVariableInterestEntity</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PaymentsForDeconsolidationOfVariableInterestEntity', window );">Deconsolidation of variable interest entities</a></td>
        <td class="nump"><a title="mbi_PaymentsForDeconsolidationOfVariableInterestEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsForDeconsolidationOfVariableInterestEntity</span><span></span></td>
        <td class="num"><a title="mbi_PaymentsForDeconsolidationOfVariableInterestEntity" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_PaymentsForDeconsolidationOfVariableInterestEntity</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities', window );">(Payments) proceeds for derivative settlements</a></td>
        <td class="nump"><a title="us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" onclick="toggleNextSibling(this);">70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties', window );">Collateral (to) from swap counterparty</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" onclick="toggleNextSibling(this);">(110)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseCashCollateralFromCounterparties</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" onclick="toggleNextSibling(this);">46</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseCashCollateralFromCounterparties</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Capital expenditures</a></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</span><span></span></td>
        <td class="num"><a title="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other investing</a></td>
        <td class="nump"><a title="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</span><span></span></td>
        <td class="nump"><a title="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash provided (used) by investing activities</a></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">120</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">210</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt', window );">Proceeds from investment agreements</a></td>
        <td class="nump"><a title="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfOtherLongTermDebt', window );">Principal paydowns of investment agreements</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfOtherLongTermDebt" onclick="toggleNextSibling(this);">(17)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfOtherLongTermDebt</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfOtherLongTermDebt" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfOtherLongTermDebt</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfMediumTermNotes', window );">Principal paydowns of medium-term notes</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfMediumTermNotes" onclick="toggleNextSibling(this);">(28)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfMediumTermNotes</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfMediumTermNotes" onclick="toggleNextSibling(this);">(28)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfMediumTermNotes</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfNotesPayable', window );">Principal paydowns of variable interest entity notes</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfNotesPayable" onclick="toggleNextSibling(this);">(132)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfNotesPayable</span><span></span></td>
        <td class="num"><a title="us-gaap_RepaymentsOfNotesPayable" onclick="toggleNextSibling(this);">(270)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfNotesPayable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Principal paydowns of long-term debt</a></td>
        <td class="num"><a title="us-gaap_RepaymentsOfLongTermDebt" onclick="toggleNextSibling(this);">(11)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLongTermDebt</span><span></span></td>
        <td class="nump"><a title="us-gaap_RepaymentsOfLongTermDebt" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RepaymentsOfLongTermDebt</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Purchases of treasury stock</a></td>
        <td class="num"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock" onclick="toggleNextSibling(this);">(75)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock</span><span></span></td>
        <td class="nump"><a title="us-gaap_PaymentsForRepurchaseOfCommonStock" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PaymentsForRepurchaseOfCommonStock</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash provided (used) by financing activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(256)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">(312)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations', window );">Effect of exchange rate changes on cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" onclick="toggleNextSibling(this);">(10)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations</span><span></span></td>
        <td class="nump"><a title="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase (decrease) in cash and cash equivalents</a></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(155)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
        <td class="num"><a title="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(525)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - beginning of period</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">1,258</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - end of period</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">627</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">733</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract', window );"><strong>Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ChangeInAbstract', window );"><strong>Change in: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPremiumsReceivable', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPremiumsReceivable" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPremiumsReceivable</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInPremiumsReceivable" onclick="toggleNextSibling(this);">41</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInPremiumsReceivable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts', window );">Deferred acquisition costs</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInUnearnedPremiums" onclick="toggleNextSibling(this);">(83)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInUnearnedPremiums</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInUnearnedPremiums" onclick="toggleNextSibling(this);">(107)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInUnearnedPremiums</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" onclick="toggleNextSibling(this);">(39)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInInsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_IncreaseDecreaseInInsuranceLossRecoverable" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInInsuranceLossRecoverable</span><span></span></td>
        <td class="nump"><a title="mbi_IncreaseDecreaseInInsuranceLossRecoverable" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInInsuranceLossRecoverable</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInterestPayableNet', window );">Accrued interest payable</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInInterestPayableNet" onclick="toggleNextSibling(this);">25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInInterestPayableNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInInterestPayableNet" onclick="toggleNextSibling(this);">27</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInInterestPayableNet</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Accrued expenses</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccruedLiabilities" onclick="toggleNextSibling(this);">(11)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedLiabilities</span><span></span></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInAccruedLiabilities" onclick="toggleNextSibling(this);">(63)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInAccruedLiabilities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal', window );">Realized (gains) losses and other settlements on insured derivatives</a></td>
        <td class="nump"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal</span><span></span></td>
        <td class="nump"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized (gains) losses on insured derivatives</a></td>
        <td class="num"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">(37)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
        <td class="num"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">(838)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net (gains) losses on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="nump"><a title="mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">52</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses', window );">Other net realized (gains) losses</a></td>
        <td class="num"><a title="mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses</span><span></span></td>
        <td class="num"><a title="mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax provision (benefit)</a></td>
        <td class="nump"><a title="us-gaap_DeferredIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredIncomeTaxExpenseBenefit</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredIncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredIncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_VieInterestNet', window );">Interest on variable interest entities, net</a></td>
        <td class="nump"><a title="mbi_VieInterestNet" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_VieInterestNet</span><span></span></td>
        <td class="nump"><a title="mbi_VieInterestNet" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">mbi_VieInterestNet</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNoncashIncomeExpense', window );">Other operating</a></td>
        <td class="num"><a title="us-gaap_OtherNoncashIncomeExpense" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherNoncashIncomeExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherNoncashIncomeExpense" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherNoncashIncomeExpense</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities', window );">Total adjustments to net income (loss)</a></td>
        <td class="num"><a title="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" onclick="toggleNextSibling(this);">(78)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities</span><span></span></td>
        <td class="num"><a title="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" onclick="toggleNextSibling(this);">(680)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash provided (used) by operating activities</a></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">$ (9)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
        <td class="num"><a title="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" onclick="toggleNextSibling(this);">$ (424)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ChangeInAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ChangeInAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInInsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase decrease in carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts related to recoveries related to commitments to repurchase ineligible loans within an (issue) and recoveries expected on paid claims.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_IncreaseDecreaseInInsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase decrease in other net Realized Gains Losses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PaymentsForDeconsolidationOfVariableInterestEntity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash outflows from deconsolidation of variable interest entities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PaymentsForDeconsolidationOfVariableInterestEntity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Payments for net realized losses on insured derivatives paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to acquire securities classified as fair value option or trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ProceedsFromConsolidationOfVariableInterestEntity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash inflows from consolidation of variable interest entities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ProceedsFromConsolidationOfVariableInterestEntity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ProceedsFromReinsuranceAndRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Proceeds from reinsurance and recoveries</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ProceedsFromReinsuranceAndRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sales, maturities and paydowns of fair value option and trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Realized Gains Losses And Other Settlements On Insured Derivatives, Total.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_VieInterestNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net interest received (paid) on consolidated variable interest entities whose assets and liabilities are not carried at fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_VieInterestNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section I<br><br> -Subsection 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the amount of cash held either as collateral directly or provided to third parties associated with derivative instruments. Upon the occurrence of any specified triggering event or condition associated with the derivative, these amounts can be utilized to recover all or a portion of the amounts due or payable under the derivative.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseCashCollateralFromCounterparties</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the balance sheet value of capitalized sales costs that are associated with acquiring a new insurance customers.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInterestPayableNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInterestPayableNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the reserve account established to account for expected but unspecified losses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPremiumsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The change in the premium receivable balance on the balance sheet.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPremiumsReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInUnearnedPremiums">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) unearned premiums written. Excludes portion of unearned premiums amortized into income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInUnearnedPremiums</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid for interest during the period net of cash paid for interest that is capitalized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNoncashIncomeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherNoncashIncomeExpense</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of payments to settle insured claims and pay costs incurred in the claims settlement process.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (g)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForLossesAndLossAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total amount of cash paid for operating activities during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (d)-(g)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForOperatingActivities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash outflow or inflow from derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3095-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3098-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromShortTermInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount paid (received) by the reporting entity through acquisition or sale and maturities of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3095-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3098-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromShortTermInvestments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to reacquire common stock during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireAvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsToAcquireAvailableForSaleSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromInsurancePremiumsCollected">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash received as payments for insurance premiums during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromInsurancePremiumsCollected</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromInterestAndDividendsReceived">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash received for dividends and interest on the entity's equity and debt investments during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromInterestAndDividendsReceived</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3255-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sale and collection of loans receivables arising from the financing of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of cash inflow from the sale or maturity of long-term held-to-maturity securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfLongTermDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfMediumTermNotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to pay off borrowing used to receive debt funding on a regular basis with maturities ranging from 5-10 years.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfMediumTermNotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfNotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for a borrowing supported by a written promise to pay an obligation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfNotesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfOtherLongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RepaymentsOfOtherLongTermDebt</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td>duration</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EZ6BG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Investments (Securities Held In Unrealized Loss Position And Insured By Financial Guarantor) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">$ 1,360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">$ 2,071</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember', window );">Wrapped Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember]" onclick="toggleNextSibling(this);">128</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember]" onclick="toggleNextSibling(this);">(36)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember]" onclick="toggleNextSibling(this);">49</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">156</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(34)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed [Member] | Wrapped Securities [Member] | Mbia Corp And National [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">97</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(33)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">38</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember', window );">Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">388</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember', window );">Mortgage-backed [Member] | Wrapped Securities [Member] | Mbia Corp And National [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">457</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(103)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember', window );">All Other Securities [Member] | Wrapped Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember', window );">All Other Securities [Member] | Wrapped Securities [Member] | Mbia Corp And National [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_MbiaCorpAndNationalMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_MbiaCorpAndNationalMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember', window );">All Other Securities [Member] | Wrapped Securities [Member] | Other Insurers [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_OtherInsurersMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_OtherInsurersMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_OtherInsurersMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_OtherInsurersMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor[us-gaap_FinancialInstrumentAxis=mbi_WrappedSecuritiesMember;dei_LegalEntityAxis=mbi_OtherInsurersMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AllOtherSecuritiesMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor<br>/ us-gaap_FinancialInstrumentAxis<br>= mbi_WrappedSecuritiesMember<br>/ dei_LegalEntityAxis<br>= mbi_OtherInsurersMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AllOtherSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="4"></td>
      </tr>
      <tr>
        <td colspan="4">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Includes investments insured by MBIA Corp. and National.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated pre-tax unrealized losses before deducting pre-tax unrealized gains on investments in available-for-sale securities impacting investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events by financial guarantor that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                  <tr>
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                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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<TYPE>EXCEL
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EBTAE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Present Value Of The Probability-Weighted Future Claim Payments And Recoveries) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LaeInsuranceLossRecoverable', window );">LAE insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_LaeInsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_LaeInsuranceLossRecoverable</span><span></span></td>
        <td class="nump"><a title="mbi_LaeInsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_LaeInsuranceLossRecoverable</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">(527)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">(533)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims', window );">Reinsurance recoverable on unpaid losses</a></td>
        <td class="nump"><a title="us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims</span><span></span></td>
        <td class="nump"><a title="us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses', window );">Reinsurance recoverable on unpaid LAE</a></td>
        <td class="nump"><a title="mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses</span><span></span></td>
        <td class="nump"><a title="mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReinsuranceReceivablesCaseBasis', window );">Reinsurance recoverable on paid and unpaid losses</a></td>
        <td class="nump"><a title="us-gaap_ReinsuranceReceivablesCaseBasis" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReinsuranceReceivablesCaseBasis</span><span></span></td>
        <td class="nump"><a title="us-gaap_ReinsuranceReceivablesCaseBasis" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ReinsuranceReceivablesCaseBasis</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossReservesClaimLiabilityMember', window );">Loss Reserves Claim Liability [Member] | Classified [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossReservesClaimLiabilityMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">464</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossReservesClaimLiabilityMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossReservesClaimLiabilityMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">464</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossReservesClaimLiabilityMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LaeReservesMember', window );">Lae Reserves [Member] | Classified [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LaeReservesMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">35</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LaeReservesMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LaeReservesMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LaeReservesMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">$ 499</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">$ 506</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LaeInsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid LAE expenses expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LaeInsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reinsurance Recoverable On Unpaid LAE</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a),(b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReinsuranceReceivablesCaseBasis">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum for all reinsurance arrangements of the known and estimated amount recoverable as of the balance sheet date from a given reinsurer for claims paid or incurred by the ceding insurer and associated claims settlement expenses for each reinsurance arrangement (or, the sum of all cases determined individually, probably applying different assumptions to each arrangement).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 310<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6485522&amp;loc=d3e21412-158489<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 310<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6485522&amp;loc=d3e21409-158489<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 6<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ReinsuranceReceivablesCaseBasis</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Estimated amount after valuation allowance of reinsurance recoverables, due from reinsurers for incurred claims not yet reported, and claims settlement expenses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 310<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6485522&amp;loc=d3e21412-158489<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 310<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6485522&amp;loc=d3e21409-158489<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 6<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LaeReservesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LaeReservesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LossReservesClaimLiabilityMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossReservesClaimLiabilityMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EFIAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Investments (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentTableTextBlock', window );">Amortized Cost And Fair Value Of Available-For-Sale And Held-To-Maturity Investment Portfolios</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other-Than-</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amortized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Temporary</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Impairments</font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >680</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >43</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >722</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >State and municipal bonds</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,644</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >112</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,752</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Foreign governments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >289</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >8</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >296</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,018</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >55</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(103)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,970</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(100)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,076</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,092</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >21</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >96</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(22)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >74</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Other asset-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >332</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >322</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,205</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >245</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(151)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,299</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(104)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Money market securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >227</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >227</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total AFS investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,444</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >246</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(151)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,539</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(104)</font></td></tr><tr style='height:8.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >75</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total HTM investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >75</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:16.5pt;' ><td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other-Than-</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amortized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Temporary</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Impairments</font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >631</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >39</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >667</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >State and municipal bonds</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,644</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >94</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(8)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,730</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Foreign governments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >283</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >290</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,984</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(92)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,936</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(86)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,116</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >17</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,126</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >54</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >53</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >19</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >113</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(21)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >92</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Other asset-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >231</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >222</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,075</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >208</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,136</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(90)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Money market securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >422</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >422</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Perpetual debt and equity securities </font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total AFS investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,509</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >209</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,571</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(90)</font></td></tr><tr style='height:5.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,757</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,632</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total HTM investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,757</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,632</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:14.25pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock', window );">Distribution By Contractual Maturity Of Available-For-Sale and Held-To-Maturity Investments</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AFS Securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >HTM Securities</font></td></tr><tr style='height:12.75pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated VIEs</font></td></tr><tr style='height:9pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Amortized </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Amortized </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due in one year or less</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >839</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >841</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after one year through five years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,420</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,449</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after five years through ten years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >905</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >943</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after ten years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,467</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,507</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed and asset-backed</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,574</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,559</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,205</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,299</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock', window );">Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Less than 12 Months</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >12 Months or Longer</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >127</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >133</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >73</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >206</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >363</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >94</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(102)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >457</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(103)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >154</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >205</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >359</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(22)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(22)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >32</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >814</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >542</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,356</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(151)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total AFS investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >818</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >542</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,360</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(151)</font></td></tr><tr style='height:7.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total HTM investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Less than 12 Months</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >12 Months or Longer</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >372</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >60</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >257</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >317</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >468</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(91)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(92)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >387</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >403</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >29</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >81</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >82</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >113</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >845</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,220</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(145)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,065</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total AFS investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >851</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,220</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(145)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,071</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td></tr><tr style='height:6.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total HTM investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock', window );">Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='7' rowspan='1' style='width:193.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >AFS Securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='7' rowspan='1' style='width:216pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >HTM Securities</font></td></tr><tr style='height:9pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Percentage of Fair Value</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Number of</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Book Value</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Number of</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Book Value</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:9pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Below Book Value</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 5% to 15%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 15% to 25%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 25% to 50%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >41</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >29</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >575</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 50%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >130</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >239</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >100</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >575</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock', window );">Fair Values And Gross Unrealized Losses By Credit Rating Category Of ABS, MBS and Corporate Obligations</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;text-align:left;border-color:Black;min-width:21pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Below</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;text-align:left;border-color:Black;min-width:24.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Aaa</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Aa</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Baa</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Investment Grade</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Not Rated</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:69pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:25.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:25.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:21pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:29.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Asset Type</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:25.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:25.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:29.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >ABS </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >58</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(33)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:24.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >156</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(34)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >MBS</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >358</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >388</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(8)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >174</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >121</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >129</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(100)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >457</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(103)</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >574</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >173</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >132</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >23</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >75</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(33)</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(104)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:24.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,001</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(145)</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock', window );">Average Credit Ratings and Fair Value and Percentage Of Guaranteed ABS MBS and Corporate Obligations Below Investment Grade</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Insured Securities Rated Below</font></td></tr><tr style='height:8.25pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Investment Grade without the</font></td></tr><tr style='height:9pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td></tr><tr style='height:13.5pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average Credit Rating with the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average Credit Rating without the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(in millions)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td></tr><tr style='height:12pt;' ><td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Asset Type</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Percentage</font></td></tr><tr style='height:12pt;' ><td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ABS</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Baa</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >57</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBS</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >100</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >%</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock', window );">Securities Held In Unrealized Loss Position And Insured By Financial Guarantor and The Related Insurance Loss Reserve On Company Insured Investments</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Reserve </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' >(2)</font></sup></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >97</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(33)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total other</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >128</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(36)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:15.75pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes investments insured by MBIA Corp. and National.</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock', window );">Credit Losses Recognized In Earnings Related To OTTI Losses Recognized In Accumulated Other Comprehensive Income (Loss)</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Beginning balance</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reductions for credit loss impairments previously recognized on securities sold during the period</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:22.5pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reductions for increases in cash flows expected to be collected over the remaining life of the security</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ending balance</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >173</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRealizedGainLossTableTextBlock', window );">Gross Realized Gains and Losses From Sales Of Available-For-Sale Securities</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td colspan='5' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:9pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Proceeds from sales </font></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >192</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross realized gains</font></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross realized losses</font></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td></tr></table></div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentTableTextBlock">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A table of investments, shown as a text block.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 6<br><br> -Section 10<br><br> -Paragraph (c)<br><br> -Subparagraph (1)<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For all ABS, MBS and corporate obligations that are guaranteed by financial guarantors, a tabular disclosure presenting the average credit rating with and without the effect of the financial guarantee and the fair value and percentage of securities by asset class that are rated below investment grade without the benefit of the financial guarantee.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair values and gross unrealized losses by credit rating category of asset-backed securities, mortgage-backed securities and corporate obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td style="white-space:nowrap;">mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Securities held in unrealized loss position and insured by financial guarantor and the related insurance loss reserve on company insured investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <table border="0" cellpadding="0" cellspacing="0">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27340-111563<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EWGAC">
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          <div style="width: 200px;"><strong>Fair Value of Financial Instruments (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock', window );">Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >as of</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Range</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Weighted</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Valuation Techniques</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,480</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices adjusted for financial</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 6% (2%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  guarantees provided to VIE obligations</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >385</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Breach rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:left;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,387</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices of VIE assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 39% (9%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  adjusted for financial guarantees provided</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Credit derivative liabilities, net:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >191</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25% - 90% (61%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19% - 32% (28%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.0 - 2.0 (1.6)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS spreads</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 57% (22%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Multi-sector CDO</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Direct Price Model</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50% - 50% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model and Dual Default</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42% - 45% (45%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50% - 50% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0.5 - 7.8 (1.0)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other derivative liabilities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >21</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Cash flows</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$0 - $83 ($42)</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td colspan='6' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </font></td></tr><tr style='height:9.75pt;' ><td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2) - Midpoint of cash flows are used for the weighted average.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >as of</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Range</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Weighted</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Valuation Techniques</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,431</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices adjusted for financial</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 10% (2%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  guarantees provided to VIE obligations</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >379</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Breach rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >735</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices of VIE assets</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 35% (16%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  adjusted for financial guarantees provided</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Credit derivative liabilities, net:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >224</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25% - 90% (59%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12% - 29% (25%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.3 - 3.2 (2.3)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS spreads</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 41% (19%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Multi-sector CDO</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Direct Price Model</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >53% - 53% (53%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model and Dual Default</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42% - 45% (45%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41% - 51% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0.2 - 7.9 (1.1)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other derivative liabilities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Cash flows</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$0 - $83 ($42)</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='6' rowspan='1' style='width:334.5pt;text-align:left;border-color:Black;min-width:334.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2) - Midpoint of cash flows are used for the weighted average.</font></td></tr></table></div><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock', window );">Company's Assets And Liabilities Measured At Fair Value On Recurring Basis</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >624</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >120</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >744</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,750</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,756</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >210</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >296</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,088</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,098</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,129</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,129</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >74</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >75</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >271</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >74</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >345</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:174pt;text-align:left;border-color:Black;min-width:174pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >834</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,513</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >171</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,518</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Money market securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >240</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >240</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >27</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >51</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >596</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >596</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >192</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >737</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >737</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >385</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >385</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:201pt;text-align:left;border-color:Black;min-width:201pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,725</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,522</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,122</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,368</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Credit derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >207</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >210</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >269</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(109)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >160</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other </font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Warrants</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >33</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >33</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments payable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,266</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,387</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,653</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,647</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,795</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(109)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,369</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >573</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >118</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >691</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,724</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,732</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >221</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >290</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,048</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,058</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,162</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,162</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >93</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >156</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >85</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >794</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,353</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >198</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,345</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Money market securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >729</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >729</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:15pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >65</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >194</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >86</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >86</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,431</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,431</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >379</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >379</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,087</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,510</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,097</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,613</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Credit derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >244</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >246</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >248</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >167</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities held for sale:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for loans purchased</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Warrants</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >28</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >28</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,312</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >735</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,047</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,344</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,200</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,463</font></td></tr><tr style='height:14.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock', window );">Fair Value Hierarchy Table Presents The Company's Assets And Liabilities Not Recorded At Fair Value On The Company's Consolidated Balance Sheet</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant </font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Carry Value</font></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Active Markets for</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other Observable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Identical Assets</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 1)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 2)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 3)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Accrued investment income</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Receivable for investments sold</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments held-to-maturity</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,635</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,635</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,742</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >132</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,639</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,771</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,878</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investment agreements</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >538</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >753</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >753</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >928</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Long-term debt</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,113</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,113</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,828</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for investments purchased</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,776</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,776</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,742</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,184</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,240</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,424</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,107</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Guarantees:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,874</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,874</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,846</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ceded</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >103</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >103</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(1) - Reported within &quot;Other assets&quot; on MBIA&#39;s consolidated balance sheets. </font></td></tr><tr style='height:9.75pt;' ><td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(2) - Reported within &quot;Other liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant </font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Carry Value</font></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Active Markets for</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Other Observable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Identical Assets</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 1)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 2)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 3)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Accrued investment income</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Receivable for investments sold</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments held-to-maturity</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,632</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,632</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,757</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >138</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,636</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,774</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,899</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investment agreements</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >705</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >705</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >547</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >801</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >801</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,004</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Long-term debt</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,172</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,172</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,810</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for investments purchased</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,779</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,779</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,757</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,214</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,285</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,499</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,160</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Guarantees:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,051</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,051</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,959</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ceded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >109</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >109</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >65</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(1) - Reported within &quot;Other assets&quot; on MBIA&#39;s consolidated balance sheets. </font></td></tr><tr style='height:9.75pt;' ><td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(2) - Reported within &quot;Other liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Changes In Level 3 Assets Measured At Fair Value On A Recurring Basis</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:547.5pt;text-align:center;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2015</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses) for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >for Assets</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:36pt;text-align:center;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Foreign governments</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >87</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(8)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >74</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >85</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(8)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >74</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >State and municipal</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  bonds</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets of</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >55</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >53</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >26</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >21</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td></tr><tr style='height:8.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable- </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:left;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  residential </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,431</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(56)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,372</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable- Other</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >108</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >108</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loan repurchase</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  commitments</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >379</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >385</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Currency</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives, net</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total assets</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,097</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >112</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(68)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(16)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(11)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:31.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,122</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:540.75pt;text-align:center;border-color:Black;min-width:540.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2014</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses) for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Assets</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Foreign governments</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >7</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >48</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(19)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >30</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >29</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >29</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >82</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >33</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >115</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >58</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >85</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >State and municipal</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >bonds</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >19</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >44</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >62</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:17.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >11</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >15</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets of</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >48</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >17</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >64</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >22</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >54</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(12)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(4)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >42</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,612</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(54)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,557</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loan repurchase</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  commitments</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >359</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >364</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total assets</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,352</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(10)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(73)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(19)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >160</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(14)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,406</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Changes In Level 3 Liabilities Measured At Fair Value On A Recurring Basis</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains)</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Liabilities</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Medium-term notes</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >197</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(22)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >180</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(17)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Credit derivatives, net</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >244</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >9</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(37)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(9)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >207</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(37)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >21</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities of</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >VIE notes</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >735</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >695</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(51)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,387</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total liabilities</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,200</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >9</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(27)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(22)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >695</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(60)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:23.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,795</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(49)</font></td></tr><tr style='height:12pt;' ><td colspan='14' rowspan='1' style='width:211.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:211.5pt;' ><font style='font-family:Times New Roman;font-size:5pt;color:#000000;' >_______________</font></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:546.75pt;text-align:left;border-color:Black;min-width:546.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Transferred in and out at the end of the period.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains)</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Liabilities</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Medium-term notes</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >203</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >215</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Credit derivatives, net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,147</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >339</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(838)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(339)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >309</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(30)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives, net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >30</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >31</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities of </font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >VIE notes</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >940</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >18</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(105)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(41)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >812</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >16</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Currency derivatives,</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >11</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total liabilities</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,301</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >369</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(813)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(444)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(41)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,372</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(7)</font></td></tr><tr style='height:12pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >_______________</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:544.5pt;text-align:left;border-color:Black;min-width:544.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Transferred in and out at the end of the period.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock', window );">Gains And Losses (Realized And Unrealized) Included In Earnings Pertaining To Level 3 Assets And Liabilities</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='5' rowspan='1' style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2015</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:156.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:156.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Change in </font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Change in </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Gains (Losses)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Gains (Losses)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for the </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for the </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Period Included</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Period Included</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for Assets</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for Assets</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Gains</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities still </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Gains</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities still </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >held as of </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >held as of </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' >Revenues:</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Unrealized gains (losses) on</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >37</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >37</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >838</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gains (losses) and other</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   settlements on insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(9)</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(369)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   at fair value and foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs:</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:center;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   Net gains (losses) on financial instruments </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     at fair value and foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(23)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >433</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:79.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock', window );">Changes In Fair Value Included In The Company's Consolidated Statements Of Operations</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='6' rowspan='1' style='width:170.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:170.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments carried at fair value</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity securities held at fair value- VIE</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(17)</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(38)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(58)</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(56)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes </font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >89</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >121</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >_____________</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Net gains (losses) of financial instruments at fair value and foreign exchange&quot; on MBIA&#39;s consolidated statements of operations.</font></td></tr><tr style='height:8.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&quot; on MBIA&#39;s consolidated statements of operations.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock', window );">Difference Between Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='8' rowspan='1' style='width:143.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:143.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of March 31, 2015</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='7' rowspan='1' style='width:135.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of December 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Contractual</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Contractual</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Principal</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Difference</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Principal</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Difference</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,478</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,320</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >158</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,554</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,377</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >177</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans (90 days or more past due)</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >220</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >168</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >227</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >54</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >173</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >721</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans (90 days or more past due)</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >70</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >70</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total loans receivable at fair value</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,876</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,480</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >396</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,502</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,142</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >360</font></td></tr><tr style='height:6.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,000</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,653</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,347</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,584</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,479</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,105</font></td></tr><tr style='height:6.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >215</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >242</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >45</font></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Difference Between The Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block]</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19279-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a,b,bb)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2C<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=SL7498348-110258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19190-110258<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide.  Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 32<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14217-108612<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -Subparagraph (c)(2),(d),(e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -Subparagraph (a),(c)(1),(d)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                <p>Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13467-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EFLAK">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Investments (Amortized Cost And Fair Value Of Available-For-Sale and Held-To-Maturity Investment Portfolios) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,444</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,509</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" onclick="toggleNextSibling(this);">246</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" onclick="toggleNextSibling(this);">209</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" onclick="toggleNextSibling(this);">(151)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities" onclick="toggleNextSibling(this);">6,539</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities" onclick="toggleNextSibling(this);">6,571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" onclick="toggleNextSibling(this);">(104)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" onclick="toggleNextSibling(this);">(90)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" onclick="toggleNextSibling(this);">75</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" onclick="toggleNextSibling(this);">77</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total Held-To-Maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-Than-Temporary Impairments</a></td>
        <td class="nump"><a title="mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">75</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">77</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total Held-To-Maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-Than-Temporary Impairments</a></td>
        <td class="nump"><a title="mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember', window );">Money Market Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">227</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">422</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">227</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">422</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember', window );">Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,205</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,075</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">245</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">208</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(151)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,299</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,136</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(104)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(90)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total Held-To-Maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">680</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">631</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">39</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">722</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">667</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | US States And Political Subdivisions [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,644</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,644</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">112</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">94</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,752</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,730</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Foreign Governments [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">289</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">283</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">296</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">290</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,018</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,984</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(103)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(92)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,970</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,936</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(100)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(86)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage-Backed Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,076</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,116</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,092</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,126</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage-Backed Non-Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Commercial Mortgage-Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Collateralized Debt Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">96</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(22)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">74</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">92</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Other Asset-Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">332</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">231</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">322</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">222</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents unrealized gains or losses on other than temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized gain on investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember</td>
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                    <td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EMLAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Loss And Loss Adjustment Expenses Reserves) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Changes in unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInUnearnedPremiums" onclick="toggleNextSibling(this);">$ 83</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInUnearnedPremiums</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInUnearnedPremiums" onclick="toggleNextSibling(this);">$ 107</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInUnearnedPremiums</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve', window );">Changes in LAE reserves</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" onclick="toggleNextSibling(this);">39</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Gross loss and LAE reserve, beginning balance</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">506</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossPaymentsForCasesWithReserves', window );">Loss payments for cases with reserves</a></td>
        <td class="num"><a title="mbi_LossPaymentsForCasesWithReserves[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">(11)</a><span style="display:none;white-space:normal;text-align:left;">mbi_LossPaymentsForCasesWithReserves<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount', window );">Accretion of claim liability discount</a></td>
        <td class="nump"><a title="us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate', window );">Changes in discount rates</a></td>
        <td class="nump"><a title="us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions', window );">Changes in assumptions</a></td>
        <td class="nump"><a title="mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Changes in unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_IncreaseDecreaseInUnearnedPremiums[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInUnearnedPremiums<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve', window );">Changes in LAE reserves</a></td>
        <td class="num"><a title="us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther', window );">Other</a></td>
        <td class="num"><a title="mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Gross loss and LAE reserve, ending balance</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">$ 499</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="4"></td>
      </tr>
      <tr>
        <td colspan="4">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Primarily changes in amount and timing of payments.</div></td>
            </tr>
          </table>
        </td>
      </tr>
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    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Changes in the timing and amount of net payments on financial guarantee contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
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          </td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseLineItems</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossPaymentsForCasesWithReserves">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Loss payments for cases with reserves</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossPaymentsForCasesWithReserves</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of the change in the claim liability related to financial guarantee insurance contracts arising from the accretion of the discount of the claim liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(2)(ii)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of change in the claim liability related to financial guarantee insurance contracts arising from a change in the rate used to discount the claim liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(2)(i)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the reserve account established to account for expected but unspecified losses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInUnearnedPremiums">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) unearned premiums written. Excludes portion of unearned premiums amortized into income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInUnearnedPremiums</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a),(b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EKH">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Derivative Instruments (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCreditDerivativesTextBlock', window );">Credit Derivatives Sold</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:17.25pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='22' rowspan='1' style='width:443.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:443.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >As of March 31, 2015</font></td></tr><tr style='height:12.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='17' rowspan='1' style='width:327.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Notional Value</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:44.25pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Credit Derivatives Sold</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Weighted Average Remaining Expected Maturity</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AAA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >BBB</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Below Investment Grade</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value Asset (Liability)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.4 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,846</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >968</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >146</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,126</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8,086</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(207)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19.5 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >115</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,778</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >961</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >23</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,877</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,846</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >115</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,746</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,107</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,149</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11,963</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(204)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(210)</font></td></tr><tr style='height:4.5pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:16.5pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='22' rowspan='1' style='width:434.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:434.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' > As of December 31, 2014</font></td></tr><tr style='height:13.5pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='17' rowspan='1' style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:318.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Notional Value</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:52.5pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Credit Derivatives Sold</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Weighted Average Remaining Expected Maturity</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AAA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >BBB</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Below Investment Grade</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value Asset (Liability)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.6 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,914</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >246</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >968</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >193</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,160</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9,481</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(244)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16.7 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >117</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,935</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >970</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >22</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,044</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,914</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >363</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,903</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,163</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,182</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13,525</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(240)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(246)</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock', window );">Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Assets </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Liabilities </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Notional</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amount</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Instruments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Not designated as hedging instruments:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,086</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(207)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,877</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,179</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(269)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >903</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(76)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >392</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(14)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >89</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total non-designated derivatives</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,862</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(590)</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >   by the location of the related host contract. </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:center;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Assets </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Liabilities </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Notional</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amount</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Instruments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Not designated as hedging instruments:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,481</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(244)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,044</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,450</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(248)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >437</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(19)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >91</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total non-designated derivatives</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,839</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >91</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(537)</font></td></tr><tr style='height:15pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >   by the location of the related host contract. </font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock', window );">Effect Of Derivative Instruments On Consolidated Statements Of Operations</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Net Gain</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Loss)</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivatives Not Designated as</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Recognized</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Hedging Instruments </font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Location of Gain (Loss) Recognized in Income on Derivative</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >in Income</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >37</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(9)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Interest rate swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(107)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >4</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >3</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Total</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(72)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Net Gain</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Loss)</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivatives Not Designated as</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Recognized</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Hedging Instruments </font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Location of Gain (Loss) Recognized in Income on Derivative</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >in Income</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >823</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(339)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Interest rate swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(23)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >6</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >15</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(1)</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(30)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Total</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >451</font></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Credit Derivative<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6854095<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5708775-113959<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5708773-113959<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4L<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5708777-113959<br><br><br><br></p>
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                <p>Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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                <p>Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
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          <div style="width: 200px;"><strong>Income Taxes (Tables)<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock', window );">Income (loss) from operations before provision (benefit) for income taxes</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:343.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >113</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >404</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >148</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Effective tax rate</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38.9%</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36.6%</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of income before income tax between domestic and foreign jurisdictions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EKD">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statement Of Changes In Shareholders' Equity (Parenthetical) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation', window );">Share-based compensation, net of tax of $9</a></td>
        <td class="nump"><a title="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" onclick="toggleNextSibling(this);">$ 9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 740<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6419406&amp;loc=d3e23524-113945<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2F">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Segments (Tables)<br></strong></div>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock', window );">Summary of company's segment results</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='14' rowspan='1' style='width:305.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:305.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2015</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >U.S. </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >International </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Public </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and Structured</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Corporate</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:57pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Eliminations</font></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >105</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >29</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >139</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net change in fair value of insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:223.5pt;text-align:left;border-color:Black;min-width:223.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >30</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other net realized gains (losses) </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(44)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total revenues</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >114</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >72</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >77</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(44)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >219</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Losses and loss adjustment</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Operating</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >48</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Interest</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Expenses of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment expenses</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(43)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total expenses</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >76</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >45</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(43)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >106</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >86</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >113</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >29</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >44</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >57</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >69</font></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Identifiable assets</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,859</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10,578</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,737</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3,259)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></sup></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15,915</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >________________</font></td><td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</font></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</font></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='20' rowspan='1' style='width:428.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:428.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >U.S. </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >International </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Public </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and Structured</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Advisory</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Corporate</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Services</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Conduit</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Eliminations</font></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >89</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >142</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net change in fair value of</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >468</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >469</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >instruments at fair value and </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(52)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(55)</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >extinguishment of debt</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other net realized gains (losses) </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(35)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total revenues</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >105</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >529</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(30)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(35)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >577</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Losses and loss adjustment </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >64</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Operating</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >56</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Interest</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >26</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >54</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Expenses of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment expenses</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total expenses</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >139</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >49</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >173</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >92</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >390</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(79)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >404</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >31</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >136</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >148</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >61</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >254</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(58)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >256</font></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Identifiable assets</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,124</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10,867</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,640</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >34</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >76</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3,654)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></sup></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16,087</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >________________</font></td><td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(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.</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >        receivables and payables.</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock', window );">Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total premiums earned:</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >United States</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >United Kingdom</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Europe (excluding United Kingdom)</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Internationally diversified</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Central and South America</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asia</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total   </font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >105</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >93</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr></table></div><span></span></td>
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    </table>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>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.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 31<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8924-108599<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8906-108599<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EERAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Loss And LAE Activity) (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">$ (6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">$ 50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate', window );">Weighted average risk-free rate used to discount claim liability</a></td>
        <td class="nump"><a title="us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" onclick="toggleNextSibling(this);">1.49%</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember', window );">CDO Portfolio [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ mbi_ClassifiedStatusAxis<br>= mbi_CdoPortfolioMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember', window );">CDO Portfolio [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie', window );">Elimination Of Loss And LAE Expense (Benefit) As Result Of Consolidating VIEs</a></td>
        <td class="nump"><a title="mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie[mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie<br>/ mbi_ClassifiedStatusAxis<br>= mbi_CdoPortfolioMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember', window );">Second Lien Residential Mortgage Backed Securities And Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienResidentialMortgageBackedSecuritiesMember', window );">First Lien Residential Mortgage Backed Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder (Benefits) And Claims Incurred Net</a></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember', window );">Financial Guarantee [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AggregateCdoLossAndLaeReserves', window );">Aggregate CDO Loss And LAE Reserves</a></td>
        <td class="nump"><a title="mbi_AggregateCdoLossAndLaeReserves[mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember]" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">mbi_AggregateCdoLossAndLaeReserves<br>/ mbi_ClaimLiabilityAxis<br>= us-gaap_FinancialGuaranteeMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_AggregateCdoLossAndLaeReserves[mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember]" onclick="toggleNextSibling(this);">111</a><span style="display:none;white-space:normal;text-align:left;">mbi_AggregateCdoLossAndLaeReserves<br>/ mbi_ClaimLiabilityAxis<br>= us-gaap_FinancialGuaranteeMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember', window );">Financial Guarantee [Member] | CDO Portfolio [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie', window );">Elimination Of Loss And Lae Reserves As Result Of Consolidating VIEs</a></td>
        <td class="nump"><a title="mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie[mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember;mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">233</a><span style="display:none;white-space:normal;text-align:left;">mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie<br>/ mbi_ClaimLiabilityAxis<br>= us-gaap_FinancialGuaranteeMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_CdoPortfolioMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie[mbi_ClaimLiabilityAxis=us-gaap_FinancialGuaranteeMember;mbi_ClassifiedStatusAxis=mbi_CdoPortfolioMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">225</a><span style="display:none;white-space:normal;text-align:left;">mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie<br>/ mbi_ClaimLiabilityAxis<br>= us-gaap_FinancialGuaranteeMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_CdoPortfolioMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReservesForExpectedFutureClaimPayments', window );">Reserves for expected future claim payments</a></td>
        <td class="nump"><a title="mbi_ReservesForExpectedFutureClaimPayments[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">609</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReservesForExpectedFutureClaimPayments<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_ReservesForExpectedFutureClaimPayments[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">653</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReservesForExpectedFutureClaimPayments<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Expected recoveries of future payments</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">110</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember]" onclick="toggleNextSibling(this);">147</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LossAndLaeReservesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember', window );">Recoveries On Unpaid Losses [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Expected recoveries of future payments</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">110</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">147</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember', window );">Insurance Loss Recoverable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember', window );">Insurance Loss Recoverable [Member] | Classified [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EstimatedInsuranceRecoveries', window );">Insurance claim loss recoverable</a></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_EstimatedInsuranceRecoveries[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">533</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EstimatedInsuranceRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember;mbi_ClassifiedStatusAxis=mbi_ClassifiedMember]" onclick="toggleNextSibling(this);">533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_ClassifiedMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Second Lien Residential Mortgage Backed Securities And Reserves [Member] | Ineligible Loan Recoveries [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_TotalEstimatedInsuranceRecoveries', window );">Total estimated insurance recoveries</a></td>
        <td class="nump"><a title="mbi_TotalEstimatedInsuranceRecoveries[mbi_ClaimLiabilityAxis=mbi_LoanRepurchaseCommitmentsMember;mbi_ClassifiedStatusAxis=mbi_IneligibleLoanRecoveriesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">$ 385</a><span style="display:none;white-space:normal;text-align:left;">mbi_TotalEstimatedInsuranceRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_IneligibleLoanRecoveriesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="mbi_TotalEstimatedInsuranceRecoveries[mbi_ClaimLiabilityAxis=mbi_LoanRepurchaseCommitmentsMember;mbi_ClassifiedStatusAxis=mbi_IneligibleLoanRecoveriesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">$ 379</a><span style="display:none;white-space:normal;text-align:left;">mbi_TotalEstimatedInsuranceRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ mbi_ClassifiedStatusAxis<br>= mbi_IneligibleLoanRecoveriesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AggregateCdoLossAndLaeReserves">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate CDO loss and LAE reserves.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AggregateCdoLossAndLaeReserves</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Elimination Of Loss And LAE Expense As Result Of Consolidating VIEs</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Elimination Of Loss And Lae Reserves As Result Of Consolidating Vie</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_GrossReserveRecoveriesOnUnpaidLosses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross reserve, recoveries on unpaid losses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_GrossReserveRecoveriesOnUnpaidLosses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReservesForExpectedFutureClaimPayments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reserves For Expected Future Claim Payments</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ReservesForExpectedFutureClaimPayments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_TotalEstimatedInsuranceRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total Estimated Insurance Recoveries</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_TotalEstimatedInsuranceRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EstimatedInsuranceRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 17<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EstimatedInsuranceRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the weighted average risk free rate used to discount the claim liability related to financial guarantee insurance contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LoanRepurchaseCommitmentsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LoanRepurchaseCommitmentsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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        <tr>
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        <tr>
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        </tr>
        <tr>
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                  <tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EOXAG">
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          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Gains And Losses On Fair Value Option Included In The Company's Consolidated Statements Of Operations) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
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      <tr>
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        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">$ 30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_InvestmentsCarriedAtFairValueMember', window );">Investments Carried At Fair Value [Member] | Non Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_InvestmentsCarriedAtFairValueMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_InvestmentsCarriedAtFairValueMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember', window );">Fixed Maturity Securities Held At Fair Value - VIE [Member] | Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember]" onclick="toggleNextSibling(this);">(17)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember]" onclick="toggleNextSibling(this);">(38)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember', window );">Residential Mortgage Loans [Member] | Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">(58)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_ResidentialMortgageLoansMember]" onclick="toggleNextSibling(this);">(56)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_ResidentialMortgageLoansMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member] | Non Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_VariableInterestEntityNotesMember]" onclick="toggleNextSibling(this);">$ 89</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_VariableInterestEntityNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_VariableInterestEntityNotesMember]" onclick="toggleNextSibling(this);">$ 121</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_VariableInterestEntityNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within "Net gains (losses) of financial instruments at fair value and foreign exchange-VIE" on MBIA's consolidated statements of operations.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within "Net gains (losses) of financial instruments at fair value and foreign exchange" on MBIA's consolidated statements of operations.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <table border="0" cellpadding="0" cellspacing="0">
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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                    <td><strong> Name:</strong></td>
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<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EXPBK">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Segments (Summary Of Company's Segment Results) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="4">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2014</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherFinancialServices', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices" onclick="toggleNextSibling(this);">$ 139</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices" onclick="toggleNextSibling(this);">$ 142</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" onclick="toggleNextSibling(this);">469</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">(55)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
        <td class="nump"><a title="us-gaap_OtherIncome" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OtherIncome" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
        <td class="nump"><a title="mbi_RevenuesOfConsolidatedVies" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_RevenuesOfConsolidatedVies" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="nump"><a title="mbi_SegmentRevenue" onclick="toggleNextSibling(this);">219</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentRevenue" onclick="toggleNextSibling(this);">577</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense" onclick="toggleNextSibling(this);">48</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense" onclick="toggleNextSibling(this);">56</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
        <td class="nump"><a title="mbi_ExpensesOfConsolidatedVies" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpensesOfConsolidatedVies</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_ExpensesOfConsolidatedVies" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpensesOfConsolidatedVies</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="nump"><a title="mbi_SegmentExpense" onclick="toggleNextSibling(this);">106</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentExpense" onclick="toggleNextSibling(this);">173</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss" onclick="toggleNextSibling(this);">404</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">15,915</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">16,087</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">16,284</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | U S Public Finance Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherFinancialServices', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">89</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
        <td class="num"><a title="us-gaap_OtherIncome[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">114</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">105</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">86</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">92</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">57</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">61</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">5,859</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">6,124</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | International And Structured Finance Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherFinancialServices', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">32</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">468</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
        <td class="nump"><a title="mbi_RevenuesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_RevenuesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">72</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">529</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">64</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_InterestExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
        <td class="nump"><a title="mbi_ExpensesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpensesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_ExpensesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpensesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">139</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="num"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">390</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">136</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">254</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">10,578</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember]" onclick="toggleNextSibling(this);">10,867</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_StructuredFinanceAndInternationalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Corporate Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherFinancialServices', window );">Revenues</a></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">32</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(52)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
        <td class="nump"><a title="us-gaap_OtherIncome[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_OtherIncome[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_RevenuesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">77</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(30)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_InterestExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">45</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">49</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">32</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(79)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">(58)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">2,737</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_CorporateOperationsMember]" onclick="toggleNextSibling(this);">2,640</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_CorporateOperationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Advisory Services [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherFinancialServices', window );">Revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_RevenueOtherFinancialServices[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RevenueOtherFinancialServices<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_SellingGeneralAndAdministrativeExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_SellingGeneralAndAdministrativeExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_AdvisoryServicesMember]" onclick="toggleNextSibling(this);">34</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_AdvisoryServicesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Conduit [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_RevenuesOfConsolidatedVies[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenuesOfConsolidatedVies<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_ConduitsMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_OperatingSegmentsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_ConduitsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Intersegment Elimination [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
        <td class="num"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(44)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="num"><a title="mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(35)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentRevenue', window );">Total revenues</a></td>
        <td class="num"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(44)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_SegmentRevenue[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(35)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentRevenue<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
        <td class="num"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(43)</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="num"><a title="mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(40)</a><span style="display:none;white-space:normal;text-align:left;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentExpense', window );">Total expenses</a></td>
        <td class="num"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(43)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="mbi_SegmentExpense[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(40)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentExpense<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SegmentPretaxIncomeLoss', window );">Income (loss) before income taxes</a></td>
        <td class="num"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_SegmentPretaxIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_SegmentPretaxIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="num"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
        <td class="num"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">$ (3,259)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="num"><a title="us-gaap_Assets[us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember]" onclick="toggleNextSibling(this);">$ (3,654)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets<br>/ us-gaap_ConsolidationItemsAxis<br>= us-gaap_IntersegmentEliminationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr>
        <td colspan="6"></td>
      </tr>
      <tr>
        <td colspan="6">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">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.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[3]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[4]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivables and payables.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[5]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Intersegmentexpenses in the consolidated group.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ExpensesOfConsolidatedVies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total expenses of all Variable Interest Entities consolidated by the reporting entity</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ExpensesOfConsolidatedVies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Intersegment revenues in the consolidated group.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RevenuesOfConsolidatedVies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total revenues of all Variable Interest Entities consolidated by the reporting entity</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RevenuesOfConsolidatedVies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SegmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of total expense for the reportable segments, including expense from external customers, transactions with other operating segments of the same entity, and (gross) interest expense. All considered to be "operating expense" for purposes of the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SegmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SegmentPretaxIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total pre-tax income (loss) for each reportable segment of the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SegmentPretaxIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SegmentRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of total revenue for the reportable segments, including revenue from external customers, transactions with other operating segments of the same entity, and (gross) interest revenue. All considered to be "operating revenue" for purposes of the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_SegmentRevenue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 12<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 18<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Assets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4A<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5618551-113959<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainsLossesOnExtinguishmentOfDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12317-112629<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12355-112629<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainsLossesOnExtinguishmentOfDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of the cost of borrowed funds accounted for as interest expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 835<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.9)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 9<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 4<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherIncome</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueOtherFinancialServices">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fees and other service revenues recognized in the period that are not otherwise specified in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1(d))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RevenueOtherFinancialServices</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingGeneralAndAdministrativeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 30<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34747878&amp;loc=d3e3636-108311<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_SellingGeneralAndAdministrativeExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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  </body>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ENDAI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 627</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue" onclick="toggleNextSibling(this);">$ 782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">802</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Net deferred tax asset</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet" onclick="toggleNextSibling(this);">1,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet" onclick="toggleNextSibling(this);">1,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Investments held-to-maturity, at amortized cost (fair value $2,635 and $2,632)</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">15,915</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
        <td class="nump"><a title="us-gaap_Assets" onclick="toggleNextSibling(this);">16,284</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Assets</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation', window );">Liabilities held for sale</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" onclick="toggleNextSibling(this);">772</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump"><a title="us-gaap_Liabilities" onclick="toggleNextSibling(this);">11,975</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Liabilities</span><span></span></td>
        <td class="nump"><a title="us-gaap_Liabilities" onclick="toggleNextSibling(this);">12,334</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Liabilities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies (See Note 13)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Equity:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $1 per share; authorized shares--10,000,000; issued and outstanding--none</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockValue" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockValue" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--281,670,699 and 281,352,782</a></td>
        <td class="nump"><a title="us-gaap_CommonStockValue" onclick="toggleNextSibling(this);">282</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockValue" onclick="toggleNextSibling(this);">281</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapital" onclick="toggleNextSibling(this);">3,124</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapital</span><span></span></td>
        <td class="nump"><a title="us-gaap_AdditionalPaidInCapital" onclick="toggleNextSibling(this);">3,128</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AdditionalPaidInCapital</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
        <td class="nump"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">2,927</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
        <td class="nump"><a title="us-gaap_RetainedEarningsAccumulatedDeficit" onclick="toggleNextSibling(this);">2,858</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_RetainedEarningsAccumulatedDeficit</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income (loss), net of tax of $4 and $7</a></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock, at cost--98,097,072 and 89,409,887 shares</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(2,436)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValue" onclick="toggleNextSibling(this);">(2,359)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValue</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total shareholders' equity of MBIA Inc.</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">3,919</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquity" onclick="toggleNextSibling(this);">3,929</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquity</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue', window );">Preferred stock of subsidiary and noncontrolling interest</a></td>
        <td class="nump"><a title="mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue</span><span></span></td>
        <td class="nump"><a title="mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">3,940</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">3,950</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and equity</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">15,915</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesAndStockholdersEquity" onclick="toggleNextSibling(this);">16,284</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesAndStockholdersEquity</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesNoncurrent', window );">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,155 and $5,036)</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesNoncurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">5,279</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesNoncurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">5,129</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Investments carried at fair value</a></td>
        <td class="nump"><a title="us-gaap_TradingSecurities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">217</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TradingSecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_TradingSecurities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">207</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TradingSecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral', window );">Investments pledged as collateral, at fair value (amortized cost $217 and $441)</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">183</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">408</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesCurrent', window );">Short-term investments held as available-for-sale, at fair value (amortized cost $1,114 and $1,069)</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesCurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,117</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesCurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,069</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInvestments', window );">Other investments (includes investments at fair value of $13 and $13)</a></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherInvestments[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherInvestments<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Total investments</a></td>
        <td class="nump"><a title="us-gaap_Investments[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">6,813</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Investments[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">6,830</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">596</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CashAndCashEquivalentsAtCarryingValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CashAndCashEquivalentsAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">848</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">875</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredPolicyAcquisitionCosts', window );">Deferred acquisition costs</a></td>
        <td class="nump"><a title="us-gaap_DeferredPolicyAcquisitionCosts[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">204</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredPolicyAcquisitionCosts<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredPolicyAcquisitionCosts[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">217</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredPolicyAcquisitionCosts<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Net deferred tax asset</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">969</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Deferred income taxes, net</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,028</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
        <td class="nump"><a title="us-gaap_OtherAssets[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">232</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssets<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherAssets[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">229</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherAssets<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,874</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,986</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">499</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">506</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements', window );">Investment agreements</a></td>
        <td class="nump"><a title="us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">538</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">547</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes (includes financial instruments carried at fair value of $180 and $197)</a></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,108</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_MediumTermNotes[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,201</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_MediumTermNotes<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt</a></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,828</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LongTermDebtNoncurrent[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,810</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LongTermDebtNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">391</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">437</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilities', window );">Other liabilities</a></td>
        <td class="nump"><a title="us-gaap_OtherLiabilities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">266</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherLiabilities[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">271</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Investments carried at fair value</a></td>
        <td class="nump"><a title="us-gaap_TradingSecurities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,061</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TradingSecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_TradingSecurities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">421</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TradingSecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Cash', window );">Cash</a></td>
        <td class="nump"><a title="us-gaap_Cash[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Cash<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_Cash[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Cash<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Investments held-to-maturity, at amortized cost (fair value $2,635 and $2,632)</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable at fair value</a></td>
        <td class="nump"><a title="us-gaap_LoansReceivableFairValueDisclosure[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,480</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LoansReceivableFairValueDisclosure<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LoansReceivableFairValueDisclosure[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LoansReceivableFairValueDisclosure<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LoanRepurchaseCommitments', window );">Loan repurchase commitments</a></td>
        <td class="nump"><a title="mbi_LoanRepurchaseCommitments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">385</a><span style="display:none;white-space:normal;text-align:left;">mbi_LoanRepurchaseCommitments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_LoanRepurchaseCommitments[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">379</a><span style="display:none;white-space:normal;text-align:left;">mbi_LoanRepurchaseCommitments<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Derivative assets</a></td>
        <td class="nump"><a title="us-gaap_DerivativeAssetsNoncurrent[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeAssetsNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeAssetsNoncurrent[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeAssetsNoncurrent<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes (includes financial instruments carried at fair value of $2,653 and $2,047)</a></td>
        <td class="nump"><a title="us-gaap_NotesPayable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 5,395</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NotesPayable[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 4,804</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayable<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LoanRepurchaseCommitments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The fair value of financial instruments that represent the right of the Trust against the seller/servicer for loans that were not compliant with the representations and warranties of the loan underwriting. The Trust has the right to demand that the transferor replace ineligible loans with a compliant loan or repurchase the non-compliant loan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LoanRepurchaseCommitments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of preferred stock of subsidiary and non-controlling interest in subsidiary.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669686-108580<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Assets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 205<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1107-107759<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of investment in debt and equity securities categorized neither as trading securities nor held-to-maturity securities and intended be sold or mature one year or operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesCurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Available-for-Sale Securities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6505594<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The fair value of available-for-sale securities that serve as collateral for borrowings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35738203&amp;loc=d3e5086-111524<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of the sum of the obligations to contract holders to provide to them an agreed upon rate of return pursuant to the terms of the underlying contract. These contracts represent lending by the contract holders to the entity in return for a guaranteed (primarily fixed) interest rate until maturity, unless called earlier if the contracts provide that option to the contract holders (usually institutions). There is little or no insurance risk for the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.14)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Cash">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Cash</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredPolicyAcquisitionCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Net amount of deferred policy acquisition costs capitalized on contracts remaining in force as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 16<br><br><br><br> -Article 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 825<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6487548&amp;loc=d3e32546-158582<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35755678&amp;loc=d3e11446-158418<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6481648&amp;loc=d3e11198-158413<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 7<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredPolicyAcquisitionCosts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b),(c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13495-108611<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeAssetsNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13495-108611<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36459792&amp;loc=SL20226008-175313<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.6)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Investments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.1(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph h<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Investments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Liabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount classified as liabilities attributable to disposal group held for sale or disposed of.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 205<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1107-107759<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 205<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1436-107760<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 40<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (a),(b),(c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansReceivableFairValueDisclosure">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Glossary Loan<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6517073<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LoansReceivableFairValueDisclosure</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MediumTermNotes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Including the current and noncurrent portions, carrying value at the balance sheet date of a financial instrument used to receive debt funding on a regular basis with original maturities ranging from 5-10 years.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 16<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20, 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MediumTermNotes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20, 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 13, 16<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NotesPayable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 10<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Other investments not otherwise specified in the taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.12)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 12<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph g<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.1(f,g))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherInvestments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.15)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsReceivableAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amount as of the balance sheet date due the entity from (a) agents and insureds, (b) uncollected premiums and (c) others, net of the allowance for doubtful accounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),5)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 5<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PremiumsReceivableAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568447-111683<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568740-111683<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4I<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4590271-111686<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TradingSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Trading Securities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6526789<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnearnedPremiums">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of premiums written on insurance contracts that have not been earned as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 16<br><br><br><br> -Article 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),13(a)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a(2)<br><br><br><br> -Article 7<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UnearnedPremiums</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EW2AE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems', window );"><strong>Loss And Loss Adjustment Expense Recoveries [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Gross Reserve beginning balance, Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses', window );">Gross Reserve beginning balance, Total</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" onclick="toggleNextSibling(this);">680</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CollectionsForCasesWithRecoveries', window );">Collections for Cases with Recoveries</a></td>
        <td class="num"><a title="mbi_CollectionsForCasesWithRecoveries" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">mbi_CollectionsForCasesWithRecoveries</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries', window );">Accretion of Recoveries</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate', window );">Changes in Discount Rates</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions', window );">Changes in Assumptions</a></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" onclick="toggleNextSibling(this);">(26)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries', window );">Changes in LAE Recoveries</a></td>
        <td class="num"><a title="mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther', window );">Other</a></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Gross Reserve ending balance, Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses', window );">Gross Reserve ending balance, Total</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" onclick="toggleNextSibling(this);">637</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember', window );">Insurance Loss Recoverable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems', window );"><strong>Loss And Loss Adjustment Expense Recoveries [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CollectionsForCasesWithRecoveries', window );">Collections for Cases with Recoveries</a></td>
        <td class="num"><a title="mbi_CollectionsForCasesWithRecoveries[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">mbi_CollectionsForCasesWithRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries', window );">Accretion of Recoveries</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate', window );">Changes in Discount Rates</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions', window );">Changes in Assumptions</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries', window );">Changes in LAE Recoveries</a></td>
        <td class="nump"><a title="mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther', window );">Other</a></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Gross Reserve ending balance, Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember]" onclick="toggleNextSibling(this);">527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ mbi_ClaimLiabilityAxis<br>= mbi_InsuranceLossRecoverableMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember', window );">Recoveries On Unpaid Losses [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems', window );"><strong>Loss And Loss Adjustment Expense Recoveries [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Gross Reserve beginning balance,Recoveries on unpaid losses</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">147</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CollectionsForCasesWithRecoveries', window );">Collections for Cases with Recoveries</a></td>
        <td class="nump"><a title="mbi_CollectionsForCasesWithRecoveries[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_CollectionsForCasesWithRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries', window );">Accretion of Recoveries</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate', window );">Changes in Discount Rates</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions', window );">Changes in Assumptions</a></td>
        <td class="num"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">(40)</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries', window );">Changes in LAE Recoveries</a></td>
        <td class="num"><a title="mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther', window );">Other</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GrossReserveRecoveriesOnUnpaidLosses', window );">Gross Reserve ending balance, Recoveries on unpaid losses</a></td>
        <td class="nump"><a title="mbi_GrossReserveRecoveriesOnUnpaidLosses[mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember]" onclick="toggleNextSibling(this);">$ 110</a><span style="display:none;white-space:normal;text-align:left;">mbi_GrossReserveRecoveriesOnUnpaidLosses<br>/ mbi_ClaimLiabilityAxis<br>= mbi_RecoveriesOnUnpaidLossesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="3"></td>
      </tr>
      <tr>
        <td colspan="3">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Primarily changes in amount and timing of collections.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_CollectionsForCasesWithRecoveries">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cash receipts related to recoveries of previously paid claims</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_CollectionsForCasesWithRecoveries</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross reserve, recoveries on unpaid losses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase Decrease In Loss Adjustment Expense Recoveries</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Insurance loss recoverable and changes in recoveries of unpaid losses.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td>debit</td>
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                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td>duration</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Changes in the timing and amount of net collections on financial guarantee contracts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
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                    <td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_RecoveriesOnUnpaidLossesMember</td>
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<DOCUMENT>
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<SEQUENCE>53
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  <head>
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    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EAXAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statement Of Comprehensive Income (Loss) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract', window );"><strong>Statement of Comprehensive Income (Loss)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ 69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">$ 256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract', window );"><strong>Unrealized gains (losses) on available-for-sale securities: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax', window );">Unrealized gains (losses) arising during the period</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" onclick="toggleNextSibling(this);">105</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax</span><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" onclick="toggleNextSibling(this);">38</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" onclick="toggleNextSibling(this);">67</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</span><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax', window );">Reclassification adjustments for (gains) losses included in net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract', window );"><strong>Available-for-sale securities with other-than-temporary impairments: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax', window );">Other-than-temporary impairments and unrealized gains (losses) arising during the period</a></td>
        <td class="num"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax</span><span></span></td>
        <td class="nump"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax', window );">Provision (benefit) for income taxes</a></td>
        <td class="num"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax</span><span></span></td>
        <td class="nump"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax', window );">Total</a></td>
        <td class="num"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax</span><span></span></td>
        <td class="nump"><a title="mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Foreign currency translation: [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax', window );">Foreign currency translation gains (losses)</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" onclick="toggleNextSibling(this);">(31)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax</span><span></span></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax', window );">Provision (benefit) for income taxes</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" onclick="toggleNextSibling(this);">(11)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax', window );">Total</a></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax" onclick="toggleNextSibling(this);">(20)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax</span><span></span></td>
        <td class="num"><a title="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax', window );">Reclassification adjustments for (gains) losses included in net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax', window );">Total</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" onclick="toggleNextSibling(this);">73</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income (loss)</a></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">$ 70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
        <td class="nump"><a title="us-gaap_ComprehensiveIncomeNetOfTax" onclick="toggleNextSibling(this);">$ 329</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ComprehensiveIncomeNetOfTax</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities with other-than-temporary impairments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35737396<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e557-108580<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of tax expense (benefit), before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e640-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32262-110900<br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e689-108580<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e689-108580<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e640-108580<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10A<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669646-108580<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10A<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669646-108580<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>duration</td>
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<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EMOBI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Investments (Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5% For A Continuous Twelve Month Period Or Longer) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,444</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,509</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities" onclick="toggleNextSibling(this);">6,539</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities" onclick="toggleNextSibling(this);">6,571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,742</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities" onclick="toggleNextSibling(this);">2,757</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember', window );">&gt; 5% To 15% [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMinimum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">5.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMinimum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMaximum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">15.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMaximum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember', window );">&gt; 5% To 15% [Member] | Unrealized loss position &gt; 12 months</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">49</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions', window );">Number of Held-To-Maturity Securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFivePercentToFifteenPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember', window );">&gt; 15% To 25% [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMinimum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">15.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMinimum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMaximum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMaximum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember', window );">&gt; 15% To 25% [Member] | Unrealized loss position &gt; 12 months</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions', window );">Number of Held-To-Maturity Securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember', window );">&gt; 25% To 50% [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMinimum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">25.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMinimum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMaximum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMaximum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember', window );">&gt; 25% To 50% [Member] | Unrealized loss position &gt; 12 months</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">41</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions', window );">Number of Held-To-Maturity Securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">575</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember]" onclick="toggleNextSibling(this);">393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember', window );">&gt; 50% [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
        <td class="nump"><a title="mbi_PercentageOfFairValueBelowBookValueMinimum[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">50.00%</a><span style="display:none;white-space:normal;text-align:left;">mbi_PercentageOfFairValueBelowBookValueMinimum<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember', window );">&gt; 50% [Member] | Unrealized loss position &gt; 12 months</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">130</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions', window );">Number of Held-To-Maturity Securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_GreaterThanFiftyPercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember', window );">Greater Than 5% [Member] | Unrealized loss position &gt; 12 months</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">239</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">100</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions', window );">Number of Held-To-Maturity Securities in unrealized loss position</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Held-To-Maturity Securities Amortized Cost</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecurities[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">575</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecurities<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[invest_InvestmentAxis=mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember]" onclick="toggleNextSibling(this);">$ 393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ invest_InvestmentAxis<br>= mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_FairValueBelowBookValueGreaterThanFivePercentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfFairValueBelowBookValueMaximum">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage Of Fair Value Below Book Value Maximum</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfFairValueBelowBookValueMaximum</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfFairValueBelowBookValueMinimum">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Percentage Of Fair Value Below Book Value Minimum</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_PercentageOfFairValueBelowBookValueMinimum</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>num:percentItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of investment positions in available-for-sale investments in a continuous unrealized loss position for which an other-than-temporary impairment (OTTI) has not been recognized in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (b)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28360136&amp;loc=d3e22054-111558<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure regarding factors used to determine that the impairment of securities categorized as held-to-maturity where cost exceeds fair value is not an other than temporary impairment (OTTI). This item contains disclosure of the number of investment positions in the held-to-maturity investments determined to be temporarily impaired.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (b)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:decimalItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                    <td><strong> Name:</strong></td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember</td>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFiftyPercentMember</td>
                  </tr>
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                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanFivePercentToFifteenPercentMember</td>
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                    <td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ESHAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Developments And Risks And Uncertainties (Narrative) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfOperatingSegments', window );">Number of operating segments</a></td>
        <td class="nump"><a title="us-gaap_NumberOfOperatingSegments" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NumberOfOperatingSegments</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalDate1', window );">Cutwater sale effective date</a></td>
        <td class="text">Jan.  01,  2015<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=mbi_MbiaIncMember', window );">Mbia Inc [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary', window );">Gain on sale of subsidiary</a></td>
        <td class="nump"><a title="us-gaap_GainOrLossOnSaleOfStockInSubsidiary[dei_LegalEntityAxis=mbi_MbiaIncMember]" onclick="toggleNextSibling(this);">$ 24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainOrLossOnSaleOfStockInSubsidiary<br>/ dei_LegalEntityAxis<br>= mbi_MbiaIncMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiquidAssets', window );">Liquid assets</a></td>
        <td class="nump"><a title="mbi_LiquidAssets[dei_LegalEntityAxis=mbi_MbiaIncMember]" onclick="toggleNextSibling(this);">567</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiquidAssets<br>/ dei_LegalEntityAxis<br>= mbi_MbiaIncMember</span><span></span></td>
        <td class="nump"><a title="mbi_LiquidAssets[dei_LegalEntityAxis=mbi_MbiaIncMember]" onclick="toggleNextSibling(this);">498</a><span style="display:none;white-space:normal;text-align:left;">mbi_LiquidAssets<br>/ dei_LegalEntityAxis<br>= mbi_MbiaIncMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReleaseFromTaxSharingAgreementEscrowAccount', window );">Amount released from tax escrow account</a></td>
        <td class="nump"><a title="mbi_ReleaseFromTaxSharingAgreementEscrowAccount[dei_LegalEntityAxis=mbi_MbiaIncMember]" onclick="toggleNextSibling(this);">228</a><span style="display:none;white-space:normal;text-align:left;">mbi_ReleaseFromTaxSharingAgreementEscrowAccount<br>/ dei_LegalEntityAxis<br>= mbi_MbiaIncMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=mbi_NationalMember', window );">National [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfRealEstate', window );">Impairment of real estate</a></td>
        <td class="nump"><a title="us-gaap_ImpairmentOfRealEstate[dei_LegalEntityAxis=mbi_NationalMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_ImpairmentOfRealEstate<br>/ dei_LegalEntityAxis<br>= mbi_NationalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the liquidity position of the entity</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_LiquidAssets</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReleaseFromTaxSharingAgreementEscrowAccount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount released from the escrow account related to the tax sharing agreement during the period</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_ReleaseFromTaxSharingAgreementEscrowAccount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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        <tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BusinessAcquisitionLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalDate1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Date the entity disposed of a business or a group of assets, in CCYY-MM-DD format.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DisposalDate1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) on sale or disposal of equity in securities of subsidiaries.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph ((13)(g))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Subparagraph g<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainOrLossOnSaleOfStockInSubsidiary</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfRealEstate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The charge against earnings in the period to reduce the carrying amount of real property to fair value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ImpairmentOfRealEstate</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfOperatingSegments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NumberOfOperatingSegments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:integerItemType</td>
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                    <td>na</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=mbi_MbiaIncMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=mbi_MbiaIncMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=mbi_NationalMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td>na</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EOLAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Derivative Instruments (Narrative) (Detail) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteeObligationsMaximumNetExposure', window );">Maximum amount of future guarantee payments</a></td>
        <td class="nump"><a title="mbi_GuaranteeObligationsMaximumNetExposure" onclick="toggleNextSibling(this);">$ 8,300,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_GuaranteeObligationsMaximumNetExposure</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Cash collateral posted to derivative counterparties</a></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash" onclick="toggleNextSibling(this);">127,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash" onclick="toggleNextSibling(this);">12,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimSecurities', window );">Securities posted as collateral to derivative counterparties</a></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimSecurities" onclick="toggleNextSibling(this);">215,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimSecurities</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimSecurities" onclick="toggleNextSibling(this);">198,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimSecurities</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfCreditSupportAnnexes', window );">Number of credit support annexes</a></td>
        <td class="nump"><a title="mbi_NumberOfCreditSupportAnnexes" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfCreditSupportAnnexes</span><span></span></td>
        <td class="nump"><a title="mbi_NumberOfCreditSupportAnnexes" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_NumberOfCreditSupportAnnexes</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfCreditSupportAnnexes', window );">Fair value of Credit Support Annex</a></td>
        <td class="nump"><a title="mbi_FairValueOfCreditSupportAnnexes" onclick="toggleNextSibling(this);">1,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfCreditSupportAnnexes</span><span></span></td>
        <td class="nump"><a title="mbi_FairValueOfCreditSupportAnnexes" onclick="toggleNextSibling(this);">2,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueOfCreditSupportAnnexes</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetCounterpartyNettingAmountFairValue', window );">Amount of counterparty netting</a></td>
        <td class="nump"><a title="mbi_DerivativeAssetCounterpartyNettingAmountFairValue" onclick="toggleNextSibling(this);">1,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetCounterpartyNettingAmountFairValue</span><span></span></td>
        <td class="nump"><a title="mbi_DerivativeAssetCounterpartyNettingAmountFairValue" onclick="toggleNextSibling(this);">81,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeAssetCounterpartyNettingAmountFairValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting', window );">Derivative assets, after counterparty netting</a></td>
        <td class="nump"><a title="mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" onclick="toggleNextSibling(this);">13,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting</span><span></span></td>
        <td class="nump"><a title="mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" onclick="toggleNextSibling(this);">10,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass', window );">Other assets and other assets of consolidated VIEs, after counterparty netting and embedded reclass</a></td>
        <td class="nump"><a title="mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" onclick="toggleNextSibling(this);">6,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass</span><span></span></td>
        <td class="nump"><a title="mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" onclick="toggleNextSibling(this);">2,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilityCounterpartyNetting', window );">Counterparty netting</a></td>
        <td class="nump"><a title="mbi_DerivativeLiabilityCounterpartyNetting" onclick="toggleNextSibling(this);">1,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilityCounterpartyNetting</span><span></span></td>
        <td class="nump"><a title="mbi_DerivativeLiabilityCounterpartyNetting" onclick="toggleNextSibling(this);">81,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeLiabilityCounterpartyNetting</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting', window );">Derivative liabilities, after counterparty netting and posting of cash collateral</a></td>
        <td class="nump"><a title="mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" onclick="toggleNextSibling(this);">481,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting</span><span></span></td>
        <td class="nump"><a title="mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" onclick="toggleNextSibling(this);">456,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass', window );">Derivative liabilities and derivative liabilities of consolidated VIEs, after counterparty netting and embedded reclass</a></td>
        <td class="nump"><a title="mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass" onclick="toggleNextSibling(this);">467,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass</span><span></span></td>
        <td class="nump"><a title="mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass" onclick="toggleNextSibling(this);">437,000,000</a><span style="display:none;white-space:normal;text-align:left;">mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Cash collateral posted to derivative counterparties</a></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">108,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash[us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=us-gaap_OtherLiabilitiesMember', window );">Other Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Cash collateral posted to derivative counterparties</a></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash[us-gaap_BalanceSheetLocationAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">19,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash[us-gaap_BalanceSheetLocationAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">12,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember', window );">Other Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Cash collateral posted to derivative counterparties</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeCollateralRightToReclaimCash[us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeCollateralRightToReclaimCash<br>/ us-gaap_BalanceSheetLocationAxis<br>= us-gaap_OtherAssetsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_MediumTermNotesAndOtherInvestmentsMember', window );">Medium Term Notes And Other Investments [Member] | Embedded [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeAsset', window );">Embedded derivative assets</a></td>
        <td class="nump"><a title="us-gaap_DerivativeFairValueOfDerivativeAsset[us-gaap_BalanceSheetLocationAxis=mbi_MediumTermNotesAndOtherInvestmentsMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_EmbeddedMember]" onclick="toggleNextSibling(this);">7,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeFairValueOfDerivativeAsset<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_MediumTermNotesAndOtherInvestmentsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_EmbeddedMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeFairValueOfDerivativeAsset[us-gaap_BalanceSheetLocationAxis=mbi_MediumTermNotesAndOtherInvestmentsMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_EmbeddedMember]" onclick="toggleNextSibling(this);">8,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeFairValueOfDerivativeAsset<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_MediumTermNotesAndOtherInvestmentsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_EmbeddedMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFairValueOfDerivativeLiability', window );">Total derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeFairValueOfDerivativeLiability[us-gaap_BalanceSheetLocationAxis=mbi_MediumTermNotesAndOtherInvestmentsMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_EmbeddedMember]" onclick="toggleNextSibling(this);">$ 14,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeFairValueOfDerivativeLiability<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_MediumTermNotesAndOtherInvestmentsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_EmbeddedMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeFairValueOfDerivativeLiability[us-gaap_BalanceSheetLocationAxis=mbi_MediumTermNotesAndOtherInvestmentsMember;us-gaap_DerivativeInstrumentRiskAxis=mbi_EmbeddedMember]" onclick="toggleNextSibling(this);">$ 19,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeFairValueOfDerivativeLiability<br>/ us-gaap_BalanceSheetLocationAxis<br>= mbi_MediumTermNotesAndOtherInvestmentsMember<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_EmbeddedMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeAssetCounterpartyNettingAmountFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Asset Counterparty Netting Amount Fair Value</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeAssetCounterpartyNettingAmountFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Fair Value Of Derivative Asset Net Of Counterparty Netting</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Fair Value Of Derivative Liability Net Of Counterparty Netting</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeLiabilityCounterpartyNetting">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Liability Counterparty Netting</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_DerivativeLiabilityCounterpartyNetting</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOfCreditSupportAnnexes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueOfCreditSupportAnnexes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_GuaranteeObligationsMaximumNetExposure">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees after (net of) reduction for potential recoveries under recourse or collateralization provisions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_GuaranteeObligationsMaximumNetExposure</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfCreditSupportAnnexes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NumberOfCreditSupportAnnexes</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:positiveIntegerItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Fair Value Of Derivative Assets Reported In Derivative Assets And Derivative Assets VIEs Net Of Counterparty Netting And Embedded Reclasses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Derivative Fair Value Of Derivative Liabilities Reported In Derivative Liabilities And Derivative Liavilities VIEs Net Of Counterparty Netting And Embedded Reclasses</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimCash">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36459792&amp;loc=SL20226016-175313<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (d)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=d3e41678-113959<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimCash</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36459792&amp;loc=SL20226016-175313<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (d)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimSecurities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFairValueOfDerivativeAsset">
        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4B<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5624163-113959<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36459792&amp;loc=SL20226000-175313<br><br><br><br></p>
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                <p>Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.</p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments and Contingencies</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 13: Commitments and Contingencies</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following commitments and contingencies provide an update of those discussed in &#8220;Note 2</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' >: Commitments and Contingencies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form 10-K for the </font><font style='font-family:Times New Roman;font-size:10pt;' >year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, and should be read in conjunction with the complete descriptions provided in the aforementioned Form 10-K.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Litigation</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al.</font><font style='font-family:Times New Roman;font-size:10pt;' >; Index No. 603751/2009 </font><font style='font-family:Times New Roman;font-size:10pt;' >(N.Y. Sup. Ct.,</font><font style='font-family:Times New Roman;font-size:10pt;' > N.Y. County)</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On </font><font style='font-family:Times New Roman;font-size:10pt;' >March 2, 2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the court issued an order scheduling expert discovery </font><font style='font-family:Times New Roman;font-size:10pt;' >to conclude by February of 2016</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA Insurance Corp. v. J.P. Morgan Securities LLC (f/k/a Be</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >ar, Stearns&#160;&amp; Co. Inc.)</font><font style='font-family:Times New Roman;font-size:10pt;' >; Index No.&#160;64676/2012 (N.Y. Sup. Ct., County of West</font><font style='font-family:Times New Roman;font-size:10pt;' >chester)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On </font><font style='font-family:Times New Roman;font-size:10pt;' >September 9</font><font style='font-family:Times New Roman;font-size:10pt;' >, 2014, the court granted in part </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s motion</font><font style='font-family:Times New Roman;font-size:10pt;' > to file an amended complaint</font><font style='font-family:Times New Roman;font-size:10pt;' >. MBIA filed its amended complaint on September 29, 2014. J.P. Morgan filed its answer to the amended complaint on October 10, 2014. </font><font style='font-family:Times New Roman;font-size:10pt;' >Both parties are cross-appealing the September 9, 2014 decision granting in part MBIA&#39;s motion to file an amended complaint. The briefing is scheduled to be completed on June 8, 2015.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Ambac Bond Insurance </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Coverage Cases,</font><font style='font-family:Times New Roman;font-size:10pt;' > Coordinated Proceeding Case No. JCCP 4555 (Super. Ct. of Cal., County of San Francisco)</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >An appeal of the dismissal of the plaintiff&#8217;s anti-trust claim under California&#8217;s Cartwright Act is pending. </font><font style='font-family:Times New Roman;font-size:10pt;' >An appeal is also pending of the </font><font style='font-family:Times New Roman;font-size:10pt;' >March 26, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > decision granting in part the </font><font style='font-family:Times New Roman;font-size:10pt;' >Bond Insurer defendants</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217; motions for reimbursement of legal fees incurred in connection with the motion to strike pursuant to California&#8217;s Anti-SLAPP statute</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company is defending against the aforementioned actions i</font><font style='font-family:Times New Roman;font-size:10pt;' >n which it is a defendant and expects ultimately to prevail on the merits. There is no assurance, however, that the Company will prevail in these actions. Adverse rulings in these actions could have a material adverse effect on the Company&#8217;s ability to imp</font><font style='font-family:Times New Roman;font-size:10pt;' >lement its strategy and on its business, results of operations, cash flows and financial condition. At this stage of the litigation, there has not been a determination as to the amount, if any, of damages. Accordingly, the Company is not able to estimate a</font><font style='font-family:Times New Roman;font-size:10pt;' >ny amount of loss or range of loss.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >There are no other material lawsuits pending or, to the knowledge of the Company, threatened, to which the Company or any of its subsidiaries is a party</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Lease</font><font style='font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;' > Commitments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has a lease agreement for its headq</font><font style='font-family:Times New Roman;font-size:10pt;' >uarters in Purchase, New York</font><font style='font-family:Times New Roman;font-size:10pt;' >. The initial lease term expires in 2030</font><font style='font-family:Times New Roman;font-size:10pt;' > with </font><font style='font-family:Times New Roman;font-size:10pt;' >the option to terminate the lease in 2025 upon the payment of a termination amount. </font><font style='font-family:Times New Roman;font-size:10pt;' >This lease agreement included an incentive amount to fund certain leasehold improvements, renewal</font><font style='font-family:Times New Roman;font-size:10pt;' > options, escalation clauses and a free rent period. </font><font style='font-family:Times New Roman;font-size:10pt;' >The lease agreement has been classified as an operating lease, and operating rent expense </font><font style='font-family:Times New Roman;font-size:10pt;' >has been</font><font style='font-family:Times New Roman;font-size:10pt;' > recognized on a straight-line basis </font><font style='font-family:Times New Roman;font-size:10pt;' >since</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >second quarter of 2014.</font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for commitments and contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 460<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6398077&amp;loc=d3e12565-110249<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14435-108349<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 440<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394976&amp;loc=d3e25287-109308<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E45AG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Business Developments And Risks And Uncertainties (Assets And Liabilities Held For Sale) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">$ 22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" onclick="toggleNextSibling(this);">$ 802</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation', window );">Liabilities held for sale</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" onclick="toggleNextSibling(this);">772</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_InvestmentsAtFairValueMember', window );">Investments At Fair Value [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_InvestmentsAtFairValueMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= mbi_InvestmentsAtFairValueMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_InvestmentsAtFairValueMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= mbi_InvestmentsAtFairValueMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashAndCashEquivalentsMember', window );">Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_FacilityMember', window );">Facility [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_FacilityMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= mbi_FacilityMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_FacilityMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= mbi_FacilityMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentAssetsMember', window );">Other Assets [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentAssetsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_OtherCurrentAssetsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentAssetsMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_OtherCurrentAssetsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashMember', window );">Cash [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_CashMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashMember]" onclick="toggleNextSibling(this);">40</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_CashMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent', window );">Assets held for sale</a></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansReceivableMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_LoansReceivableMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansReceivableMember]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_LoansReceivableMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentLiabilitiesMember', window );">Other Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation', window );">Liabilities held for sale</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentLiabilitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_OtherCurrentLiabilitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentLiabilitiesMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_OtherCurrentLiabilitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_NotesPayableOtherPayablesMember', window );">Variable Interest Entities Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation', window );">Liabilities held for sale</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_NotesPayableOtherPayablesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_NotesPayableOtherPayablesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_NotesPayableOtherPayablesMember]" onclick="toggleNextSibling(this);">431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_NotesPayableOtherPayablesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansPayableMember', window );">Payable For Loans Purchased [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongLivedAssetsHeldForSaleLineItems', window );"><strong>Assets And Liabilities Held For Sale By Major Category [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation', window );">Liabilities held for sale</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansPayableMember]" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_LoansPayableMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation[us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansPayableMember]" onclick="toggleNextSibling(this);">$ 323</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation<br>/ us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis<br>= us-gaap_LoansPayableMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1107-107759<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount classified as liabilities attributable to disposal group held for sale or disposed of.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1107-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1436-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleLineItems</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_FacilityMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_FacilityMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
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      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_InvestmentsAtFairValueMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=mbi_InvestmentsAtFairValueMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashAndCashEquivalentsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashAndCashEquivalentsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_CashMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansPayableMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansPayableMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansReceivableMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_LoansReceivableMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_NotesPayableOtherPayablesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_NotesPayableOtherPayablesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentAssetsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
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              </div>
            </div>
          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentLiabilitiesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=us-gaap_OtherCurrentLiabilitiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EIH">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Significant Accounting Policies (Policies)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Basis of Presentation</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Fo</font><font style='font-family:Times New Roman;font-size:10pt;' >rm 10-Q and Article 10 of Regulation S-X and, accordingly, do not include all of the information and disclosures required by </font><font style='font-family:Times New Roman;font-size:10pt;' >accounting principles generally accepted in the United States of America (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >GAAP</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > for annual periods. These statements should be re</font><font style='font-family:Times New Roman;font-size:10pt;' >ad in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. The accompanying consolidated financial statements have not been audited by an independent re</font><font style='font-family:Times New Roman;font-size:10pt;' >gistered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, n</font><font style='font-family:Times New Roman;font-size:10pt;' >ecessary for the fair statement of the Company&#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of financial statements requires management to make estima</font><font style='font-family:Times New Roman;font-size:10pt;' >tes and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actu</font><font style='font-family:Times New Roman;font-size:10pt;' >al results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The results of operations for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > may not be indicative of the results that may be expected for the year ending </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. The </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > consolidated balance sheet was derived from audited financial statements, but does not include all disclosures requi</font><font style='font-family:Times New Roman;font-size:10pt;' >red by GAAP for annual periods. Certain amounts have been reclassified in </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >prior year</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s financial statements to conform to the current presentation. </font><font style='font-family:Times New Roman;font-size:10pt;' >Such </font><font style='font-family:Times New Roman;font-size:10pt;' >reclassifications had no impact on total revenues, expenses, assets, liabilities, shareh</font><font style='font-family:Times New Roman;font-size:10pt;' >olders&#8217; equity</font><font style='font-family:Times New Roman;font-size:10pt;' >, operating cash flows, investing cash flows, or financing cash flows</font><font style='font-family:Times New Roman;font-size:10pt;' > for all periods presente</font><font style='font-family:Times New Roman;font-size:10pt;' >d.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recently Adopted Accounting Standards</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recently Adopted Accounting Standards </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Presentation of Financial Statements (Topic 205) and Property, P</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >lant, and Equipment (Topic 360)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > (ASU 2014-08)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April of 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2014-08, &#8220;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)-Reporting Discontinued Operations and D</font><font style='font-family:Times New Roman;font-size:10pt;' >isclosures of Disposals of Components of an Entity.&#8221; ASU 2014-08 changes the criteria for determining whether a disposal of a component or group of components of an entity qualifies for discontinued operations presentation and requires new disclosures. ASU</font><font style='font-family:Times New Roman;font-size:10pt;' > 2014-08 amends the definition of discontinued operation to a disposal of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity&#8217;s operations and financial results. ASU 2014-08 was effective for interim</font><font style='font-family:Times New Roman;font-size:10pt;' > and annual periods beginning January 1, 2015. The adoption of ASU 2014-08 did not affect the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Tra</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >nsfers and Servicing (Topic 860</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212; </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (AS</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >U 2014-11)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June of 2014, the FASB issued ASU 2014-11, &#8220;Transfers and Servicing (Topic 860)-Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.&#8221; The repurchase agreements and similar transactions guidance is amended by ASU 2014-1</font><font style='font-family:Times New Roman;font-size:10pt;' >1 to change the accounting for </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >.) repurchase-to-maturity transactions to secured borrowing accounting and ii.) linked repurchase financing transactions to secured borrowing accounting. ASU 2014-11 amends disclosure requirements for transfers accounted for</font><font style='font-family:Times New Roman;font-size:10pt;' > as sales, and for repurchase transactions accounted for as secured borrowings. ASU 2014-11 was effective for interim and annual periods beginning January 1, 2015. The adoption of ASU 2014-11 did not affect the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company </font><font style='font-family:Times New Roman;font-size:10pt;' >has not adopted any </font><font style='font-family:Times New Roman;font-size:10pt;' >other </font><font style='font-family:Times New Roman;font-size:10pt;' >new accounting pronouncements that had a material impact on its consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ></p></div><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted', window );">New Accounting Pronouncements Not Yet Adopted</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recent </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Accounting Developments</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May of 2014, the FAS</font><font style='font-family:Times New Roman;font-size:10pt;' >B issued ASU 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606).&#8221; ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of</font><font style='font-family:Times New Roman;font-size:10pt;' > other accounting standards. ASU 2014-09 is effective for interim and annual periods beginning January 1, 2017, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Compensation-St</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >ock Compensation (Topic 718</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June </font><font style='font-family:Times New Roman;font-size:10pt;' >of 2014, the FASB issued ASU 2014-12, &#8220;Compensation-Stock Compensation (Topic 718)-Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.&#8221; ASU 2014-12 requires </font><font style='font-family:Times New Roman;font-size:10pt;' >that a performance target that affects vesting of share-based payment awards and that could be achieved after an employee&#8217;s requisite service period be accounted for as a performance condition. ASU 2014-12 is effective for interim and annual periods beginn</font><font style='font-family:Times New Roman;font-size:10pt;' >ing January 1, 2016 with early adoption permitted, and is applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Consolidation (Topic 810)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >13</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >) </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the FASB issued ASU 2014-13, &#8220;Consolidation (Topic 810)-Measuring the Financial Assets and the Financial Liabil</font><font style='font-family:Times New Roman;font-size:10pt;' >ities of a Consolidated Collateralized Financing Entity.&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU 2014-13 applies to a consolidated collateralized financing entity defined as a consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >variable interest entity (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >VIE</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > that holds financial assets and issues beneficial interests in those </font><font style='font-family:Times New Roman;font-size:10pt;' >financial assets that are classified as financial liabilities. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company</font><font style='font-family:Times New Roman;font-size:10pt;' > may elect to measure the financial assets and the financial liabilities of a consolidated collateralized financing entity using a measurement alternative provided in ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' >. Th</font><font style='font-family:Times New Roman;font-size:10pt;' >e measurement alternative requires both the financial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more observable of the fair value of the financial assets and the fair value of the fina</font><font style='font-family:Times New Roman;font-size:10pt;' >ncial liabilities with the changes in fair value recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing consolidated collateralized financing entities. ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is effective for interim and annual per</font><font style='font-family:Times New Roman;font-size:10pt;' >iods beginning January 1, 2016 with early adoption permitted. The adoption of ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Presentation of Financial Statements</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Going Concern (Subtopic 205-40): Disclosure</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >15</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the FASB issued ASU 2014-15, &#8220;Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#8217;s Ab</font><font style='font-family:Times New Roman;font-size:10pt;' >ility to Continue as a Going Concern.&#8221; ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity&#8217;s ability to continue as a going concern, and to provide certain disclosures when it is </font><font style='font-family:Times New Roman;font-size:10pt;' >probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period end</font><font style='font-family:Times New Roman;font-size:10pt;' >ing</font><font style='font-family:Times New Roman;font-size:10pt;' > December 31, 2016 and for annual periods and i</font><font style='font-family:Times New Roman;font-size:10pt;' >nterim periods thereafter with early adoption permitted. </font><font style='font-family:Times New Roman;font-size:10pt;' >The adoption of ASU 2014-15 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Consolidation (Topic 810) </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;Amendments to the Consolidation Analysis </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 2015-02)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In</font><font style='font-family:Times New Roman;font-size:10pt;' > February of 2015, the FASB issued ASU 2015-02, &#8220;Consolidation (Topic 810)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;' >Amendments to the Consolidation Analysis</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#8221; ASU 2015-02 amends the accounting guidance for consolidation of legal entities including </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. ASU 2015-02 eliminates the specialized cons</font><font style='font-family:Times New Roman;font-size:10pt;' >olidation model and guidance for limited partnerships, amends the conditions for evaluating whether a fee paid to a decision maker or a service provider represents a variable interest in a VIE, amends the related party guidance for the determination of the</font><font style='font-family:Times New Roman;font-size:10pt;' > primary beneficiary of a VIE, and requires certain investment funds designed as </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >, except money market funds, to apply the amended consolidation guidance. ASU 2015-02 is effective for interim and annual periods beginning January 1, 2016 with early adop</font><font style='font-family:Times New Roman;font-size:10pt;' >tion permitted, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2015-02.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (ASU 201</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >5-03)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April of 20</font><font style='font-family:Times New Roman;font-size:10pt;' >15, the FASB issued ASU 2015-03</font><font style='font-family:Times New Roman;font-size:10pt;' >, &#8220;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.&#8221; ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost t</font><font style='font-family:Times New Roman;font-size:10pt;' >o be reported in the balance sheet as a direct deduction from the face amount of the debt liability. ASU 2015-03 is e</font><font style='font-family:Times New Roman;font-size:10pt;' >ffective for interim and annual </font><font style='font-family:Times New Roman;font-size:10pt;' >periods beginning January 1, 2016 with early adoption permitted, and is applied on a retrospective basis.  </font><font style='font-family:Times New Roman;font-size:10pt;' >The adoption of ASU 2015-03 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                    <td>us-gaap_</td>
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                    <td>nonnum:textBlockItemType</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 5<br><br> -Subparagraph (SAB TOPIC 11.M)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26874127&amp;loc=d3e31137-122693<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 11<br><br> -Section M<br><br><br><br></p>
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                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td style="white-space:nowrap;">us-gaap_TextBlockAbstract</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EQFBG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Derivative Instruments (Effect Of Derivative Instruments On Consolidated Statements Of Operations) (Detail) (Nondesignated [Member], USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet" onclick="toggleNextSibling(this);">$ (72)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet" onclick="toggleNextSibling(this);">$ 451</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember', window );">Unrealized Gains Losses On Insured Derivatives [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_UnrealizedGainsLossesOnInsuredDerivativesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">823</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_UnrealizedGainsLossesOnInsuredDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember', window );">Unrealized Gains Losses On Insured Derivatives [Member] | All Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_UnrealizedGainsLossesOnInsuredDerivativesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_UnrealizedGainsLossesOnInsuredDerivativesMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember', window );">Realized Gains Losses And Other Settlements On Insured Derivatives [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">(339)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember', window );">Realized Gains Losses And Other Settlements On Insured Derivatives [Member] | All Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember]" onclick="toggleNextSibling(this);">(30)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember', window );">Foreign Exchange And Other Derivative Financial Instruments [Member] | Interest Rate Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember]" onclick="toggleNextSibling(this);">(107)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember]" onclick="toggleNextSibling(this);">(23)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_InterestRateSwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember', window );">Foreign Exchange And Other Derivative Financial Instruments [Member] | Currency Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CurrencySwapMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_CurrencySwapMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember', window );">Foreign Exchange And Other Derivative Financial Instruments [Member] | All Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsVIEMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_InterestRateSwapsVIEMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_CurrencySwapsVieMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DerivativeGainLossOnDerivativeNet[us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember;us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NondesignatedMember;us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember]" onclick="toggleNextSibling(this);">$ 6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeGainLossOnDerivativeNet<br>/ us-gaap_DerivativeInstrumentRiskAxis<br>= mbi_CurrencySwapsVieMember<br>/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis<br>= us-gaap_NondesignatedMember<br>/ us-gaap_IncomeStatementLocationAxis<br>= mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4A<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5618551-113959<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4C<br><br> -Subparagraph (a),(c),(d),(e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5624171-113959<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember</td>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EO2BG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Statement Of Changes In Shareholders' Equity (USD $)<br>In Millions, except Share data</strong></div>
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        <th class="th">
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</div>
          <div>USD ($)</div>
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        <th class="th">
          <div>Parent [Member]

</div>
          <div>USD ($)</div>
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          <div>Common Stock [Member]

</div>
          <div>USD ($)</div>
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          <div>Additional Paid In Capital [Member]

</div>
          <div>USD ($)</div>
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          <div>Retained Earnings [Member]

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          <div>USD ($)</div>
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          <div>Accumulated Other Comprehensive Income (Loss) [Member]

</div>
          <div>USD ($)</div>
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          <div>Treasury Stock [Member]

</div>
          <div>USD ($)</div>
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          <div>Preferred Stock [Member]</div>
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          <div>Preferred Stock Of Subsidiary And Noncontrolling Interest [Member]

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          <div>USD ($)</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance as of at Dec. 31, 2014</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 3,950</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">$ 3,929</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">$ 281</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">$ 3,128</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">$ 2,858</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">$ (2,359)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember]" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Balance (in preferred stock shares) as of at Dec. 31, 2014</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember]" onclick="toggleNextSibling(this);">1,315</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_PreferredStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) as of at Dec. 31, 2014</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">281,352,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">281,352,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_CommonStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(89,409,887)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation', window );">Share-based compensation, net of tax of $9</a></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation</span><span></span></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation', window );">Share-based compensation (in shares)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">317,917</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(114,065)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredCostMethod', window );">Treasury shares acquired</a></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredCostMethod" onclick="toggleNextSibling(this);">(76)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredCostMethod</span><span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredCostMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">(76)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredCostMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockValueAcquiredCostMethod[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(76)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockValueAcquiredCostMethod<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Treasury shares acquired (in shares)</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_TreasuryStockSharesAcquired[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(8,573,120)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockSharesAcquired<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance as of at Mar. 31, 2015</a></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" onclick="toggleNextSibling(this);">$ 3,940</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember]" onclick="toggleNextSibling(this);">$ 3,919</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_ParentMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">$ 282</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember]" onclick="toggleNextSibling(this);">$ 3,124</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AdditionalPaidInCapitalMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember]" onclick="toggleNextSibling(this);">$ 2,927</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_RetainedEarningsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember]" onclick="toggleNextSibling(this);">$ 22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_AccumulatedOtherComprehensiveIncomeMember</span><span></span></td>
        <td class="num"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">$ (2,436)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest[us-gaap_StatementEquityComponentsAxis=mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember]" onclick="toggleNextSibling(this);">$ 21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest<br>/ us-gaap_StatementEquityComponentsAxis<br>= mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember</span><span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Balance (in preferred stock shares) as of at Mar. 31, 2015</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember]" onclick="toggleNextSibling(this);">1,315</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_PreferredStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) as of at Mar. 31, 2015</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">281,670,699</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember]" onclick="toggleNextSibling(this);">281,670,699</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_CommonStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num"><a title="us-gaap_CommonStockSharesIssued[us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember]" onclick="toggleNextSibling(this);">(98,097,072)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued<br>/ us-gaap_StatementEquityComponentsAxis<br>= us-gaap_TreasuryStockMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569643-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4569616-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=SL4573702-111684<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568447-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7656940&amp;loc=SL4568740-111683<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4I<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736750&amp;loc=SL4590271-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (d)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and are being held in treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValueAcquiredCostMethod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TreasuryStockValueAcquiredCostMethod</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ED5AE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) (USD $)<br>In Millions, except Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,444</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost" onclick="toggleNextSibling(this);">$ 6,509</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockParOrStatedValuePerShare</span><span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockParOrStatedValuePerShare</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, authorized shares</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesAuthorized" onclick="toggleNextSibling(this);">10,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesAuthorized</span><span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesAuthorized" onclick="toggleNextSibling(this);">10,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesAuthorized</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, issued</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued</span><span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesIssued" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesIssued</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, outstanding</a></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesOutstanding" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_PreferredStockSharesOutstanding" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PreferredStockSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockParOrStatedValuePerShare" onclick="toggleNextSibling(this);">$ 1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockParOrStatedValuePerShare</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, authorized shares</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">400,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesAuthorized" onclick="toggleNextSibling(this);">400,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesAuthorized</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued shares</a></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">281,670,699</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
        <td class="nump"><a title="us-gaap_CommonStockSharesIssued" onclick="toggleNextSibling(this);">281,352,782</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CommonStockSharesIssued</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax', window );">Accumulated other comprehensive income (loss), taxes</a></td>
        <td class="nump"><a title="mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax</span><span></span></td>
        <td class="nump"><a title="mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury stock, shares</a></td>
        <td class="nump"><a title="us-gaap_TreasuryStockShares" onclick="toggleNextSibling(this);">98,097,072</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockShares</span><span></span></td>
        <td class="nump"><a title="us-gaap_TreasuryStockShares" onclick="toggleNextSibling(this);">89,409,887</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_TreasuryStockShares</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">5,155</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">5,036</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentsPledgedAsCollateralAmortizedCost', window );">Investments pledged as collateral, amortized cost</a></td>
        <td class="nump"><a title="mbi_InvestmentsPledgedAsCollateralAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">217</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentsPledgedAsCollateralAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_InvestmentsPledgedAsCollateralAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">441</a><span style="display:none;white-space:normal;text-align:left;">mbi_InvestmentsPledgedAsCollateralAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost', window );">Short-term investments held as available-for-sale, amortized cost</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,114</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1,069</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentOwnedAtFairValue', window );">Other investments, fair value</a></td>
        <td class="nump"><a title="us-gaap_InvestmentOwnedAtFairValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentOwnedAtFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InvestmentOwnedAtFairValue[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InvestmentOwnedAtFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayableFairValueDisclosure', window );">Medium-term notes, financial instruments carried at fair value</a></td>
        <td class="nump"><a title="us-gaap_NotesPayableFairValueDisclosure[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">180</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayableFairValueDisclosure<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NotesPayableFairValueDisclosure[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NotesPayableFairValueDisclosure<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,635</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesFairValue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,632</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Variable interest entity notes, financial instruments carried at fair value</a></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentFairValue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 2,653</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DebtInstrumentFairValue[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 2,047</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DebtInstrumentFairValue<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated other comprehensive income loss, deferred income tax</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentsPledgedAsCollateralAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amortized cost of investments pledged as collateral.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InvestmentsPledgedAsCollateralAmortizedCost</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amortized cost of short-term investments in debt and equity securities and other forms of securities that provide ownership interests classified as available-for-sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of common stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13476-108611<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of investments in debt securities classified as held-to-maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (aa)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentOwnedAtFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 13<br><br> -Paragraph Column C<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 14<br><br> -Paragraph Column E<br><br> -Article 12<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 320<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.12-12.Column C.3,4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726532&amp;loc=d3e611133-123010<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 320<br><br> -Section S99<br><br> -Paragraph 4<br><br> -Subparagraph (SX 210.12-12C.Column C.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726532&amp;loc=d3e611225-123010<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 320<br><br> -Section S99<br><br> -Paragraph 6<br><br> -Subparagraph (SX 210.12-14.Column E.2,3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726532&amp;loc=d3e611322-123010<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 320<br><br> -Section S99<br><br> -Paragraph 5<br><br> -Subparagraph (SX 210.12-13.Column C.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726532&amp;loc=d3e611282-123010<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 12<br><br> -Paragraph Column C<br><br> -Article 12<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 12<br><br> -Paragraph 3, 4<br><br> -Article 12<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 14<br><br> -Paragraph 2, 3<br><br> -Article 12<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 13<br><br> -Paragraph 6<br><br> -Article 12<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 12C<br><br> -Paragraph 7<br><br> -Article 12<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 12C<br><br> -Paragraph Column C<br><br> -Article 12<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InvestmentOwnedAtFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayableFairValueDisclosure">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value portion of notes payable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 20, 22<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19,20,22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NotesPayableFairValueDisclosure</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td>xbrli:sharesItemType</td>
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                    <td>na</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>xbrli:sharesItemType</td>
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                    <td>na</td>
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                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Derivative Instruments<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">Derivative Instruments</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 8: Derivative Instruments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >O</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >v</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >erv</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >ew</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > has entered into derivative </font><font style='font-family:Times New Roman;font-size:10pt;' >instruments</font><font style='font-family:Times New Roman;font-size:10pt;' > through its financial guarantee of CDS and for purposes of </font><font style='font-family:Times New Roman;font-size:10pt;' >managing </font><font style='font-family:Times New Roman;font-size:10pt;' >risks associated with existing assets and liabilities. </font><font style='font-family:Times New Roman;font-size:10pt;' >In certain instances, t</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >Company</font><font style='font-family:Times New Roman;font-size:10pt;' > purchased or issued securities that contain embedded derivatives that were separated from the host contract and accounted for as derivative instruments. </font><font style='font-family:Times New Roman;font-size:10pt;' >In accordance with the accounting guidance for derivative instruments and hedging activities, the bala</font><font style='font-family:Times New Roman;font-size:10pt;' >nce sheet location of the Company&#8217;s embedded derivative instruments is determined</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >by the location of the related </font><font style='font-family:Times New Roman;font-size:10pt;' >security.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Derivative instruments </font><font style='font-family:Times New Roman;font-size:10pt;' >are recorded at fair value on the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >balance sheet</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > with the changes in fair val</font><font style='font-family:Times New Roman;font-size:10pt;' >ue recorded </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company&#8217;s consolidated statements of operations </font><font style='font-family:Times New Roman;font-size:10pt;' >within &#8220;Unrealized gains (losses) on insured derivatives,&#8221; for the insured derivatives, or &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; for the embedded </font><font style='font-family:Times New Roman;font-size:10pt;' >derivatives.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer to &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 6: Fair Value of Financial Instruments</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; for the</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >method of determining the</font><font style='font-family:Times New Roman;font-size:10pt;' > fair value of derivative instruments.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >U.S. Public Finance Insurance</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured i</font><font style='font-family:Times New Roman;font-size:10pt;' >nterest rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception</font><font style='font-family:Times New Roman;font-size:10pt;' > and are accounted for as derivative instruments</font><font style='font-family:Times New Roman;font-size:10pt;' >.  </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >na</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >on</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >a</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >l</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >and </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >S</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >u</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >u</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >d</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >F</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >an</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >I</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >s</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >u</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >an</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >e</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company entered into derivative </font><font style='font-family:Times New Roman;font-size:10pt;' >instrument</font><font style='font-family:Times New Roman;font-size:10pt;' >s that it viewed as an extension of its core financial guarantee business </font><font style='font-family:Times New Roman;font-size:10pt;' >that </font><font style='font-family:Times New Roman;font-size:10pt;' >do not qualify for the financial guarantee scope exception and, therefore, </font><font style='font-family:Times New Roman;font-size:10pt;' >are accounted for as derivative instruments. </font><font style='font-family:Times New Roman;font-size:10pt;' >These insured CDS contracts, </font><font style='font-family:Times New Roman;font-size:10pt;' >primarily referenc</font><font style='font-family:Times New Roman;font-size:10pt;' >ing </font><font style='font-family:Times New Roman;font-size:10pt;' >corporate, asset-backed, residential mortgage-backed, commercial mortgage-backed, CRE loans and </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > securities</font><font style='font-family:Times New Roman;font-size:10pt;' >, are intended to be held </font><font style='font-family:Times New Roman;font-size:10pt;' >for the entire term of the contract absent a negotiated settlement wi</font><font style='font-family:Times New Roman;font-size:10pt;' >th the counterparty.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Changes in the fair value of derivatives, excluding insured derivatives, are recorded each period in current earnings within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > Changes in the fair value of</font><font style='font-family:Times New Roman;font-size:10pt;' > insured derivatives are recorded each period in current earnings within &#8220;Net change in fair value of insured derivatives</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > The net change in the fair value of the Company&#8217;s insured derivatives has two primary components: (</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >) realized gains (losses) and ot</font><font style='font-family:Times New Roman;font-size:10pt;' >her settlements on insured derivatives and (ii) unrealized gains (losses) on insured derivatives. &#8220;Realized gains (losses) and other settlements on insured derivatives&#8221; include (</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >) premiums received and receivable on </font><font style='font-family:Times New Roman;font-size:10pt;' >sold</font><font style='font-family:Times New Roman;font-size:10pt;' > CDS contracts, (ii) premiums paid </font><font style='font-family:Times New Roman;font-size:10pt;' >and payable to reinsurers in respect to CDS contracts, (iii) net amounts received or paid on reinsurance commutations, (iv) losses paid and payable to CDS contract counterparties due to the occurrence of a credit event or settlement agreement, (v) losses r</font><font style='font-family:Times New Roman;font-size:10pt;' >ecovered and recoverable on purchased CDS contracts due to the occurrence of a credit event or settlement agreement and (vi) fees relating to CDS contracts. &#8220;Unrealized gains (losses) on insured derivatives&#8221; include</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > all other changes in fair value of the </font><font style='font-family:Times New Roman;font-size:10pt;' >insured derivative contracts.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has also entered into a derivative contract as a result of a commutation occurring in 2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. Changes in the fair value of the Company&#8217;s non-insured derivative are included in &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Variable Interest Entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > co</font><font style='font-family:Times New Roman;font-size:10pt;' >nsolidated by the Company have entered into derivative </font><font style='font-family:Times New Roman;font-size:10pt;' >instrument</font><font style='font-family:Times New Roman;font-size:10pt;' >s consisting of </font><font style='font-family:Times New Roman;font-size:10pt;' >interest rate </font><font style='font-family:Times New Roman;font-size:10pt;' >swaps, interest rate </font><font style='font-family:Times New Roman;font-size:10pt;' >caps and cross currency swaps</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Interest rate swaps and </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >nterest rate </font><font style='font-family:Times New Roman;font-size:10pt;' >caps </font><font style='font-family:Times New Roman;font-size:10pt;' >are entered into to </font><font style='font-family:Times New Roman;font-size:10pt;' >mitigate</font><font style='font-family:Times New Roman;font-size:10pt;' > the risks associated with fluctuatio</font><font style='font-family:Times New Roman;font-size:10pt;' >ns in interest rates or fair values of certain contracts.</font><font style='font-family:Times New Roman;font-size:10pt;' >  </font><font style='font-family:Times New Roman;font-size:10pt;' >Cross currency swaps are entered into to </font><font style='font-family:Times New Roman;font-size:10pt;' >manage</font><font style='font-family:Times New Roman;font-size:10pt;' > the variability in cash flows resulting from fluctuations in foreign currency rates</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >  </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Corporate</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has entered into derivative </font><font style='font-family:Times New Roman;font-size:10pt;' >instrument</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >primarily consisting of interest rate swaps</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >  Interest rate swaps are entered into to</font><font style='font-family:Times New Roman;font-size:10pt;' > manage</font><font style='font-family:Times New Roman;font-size:10pt;' > the risks associated with fluctuations in interest rates or fair values of certain contracts. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Changes in the fair value of </font><font style='font-family:Times New Roman;font-size:10pt;' >these</font><font style='font-family:Times New Roman;font-size:10pt;' > derivatives are recorded </font><font style='font-family:Times New Roman;font-size:10pt;' >on the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company&#8217;s consolidated statements of operations </font><font style='font-family:Times New Roman;font-size:10pt;' >within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;  </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Credit Derivatives Sold</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > present information about credit derivatives sold by the Company&#8217;s insur</font><font style='font-family:Times New Roman;font-size:10pt;' >ance operations that were outstanding as </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. Credit</font><font style='font-family:Times New Roman;font-size:10pt;' > ratings represent the lower of underlying ratings assigned </font><font style='font-family:Times New Roman;font-size:10pt;' >to the collateral </font><font style='font-family:Times New Roman;font-size:10pt;' >by Moody&#8217;s, S&amp;P or </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:17.25pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='22' rowspan='1' style='width:443.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:443.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >As of March 31, 2015</font></td></tr><tr style='height:12.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='17' rowspan='1' style='width:327.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Notional Value</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:44.25pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Credit Derivatives Sold</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Weighted Average Remaining Expected Maturity</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AAA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >BBB</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Below Investment Grade</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value Asset (Liability)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.4 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,846</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >968</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >146</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,126</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8,086</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(207)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19.5 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >115</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,778</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >961</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >23</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,877</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,846</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >115</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,746</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,107</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,149</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11,963</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(204)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(210)</font></td></tr><tr style='height:4.5pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:16.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:16.5pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='22' rowspan='1' style='width:434.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:434.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' > As of December 31, 2014</font></td></tr><tr style='height:13.5pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='17' rowspan='1' style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:318.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Notional Value</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:52.5pt;' ><td style='width:101.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Credit Derivatives Sold</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Weighted Average Remaining Expected Maturity</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AAA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AA</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >BBB</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Below Investment Grade</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value Asset (Liability)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.6 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,914</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >246</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >968</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >193</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,160</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9,481</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(244)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insured swaps</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16.7 Years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >117</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,935</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >970</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >22</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,044</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total notional</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,914</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >363</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3,903</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,163</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,182</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:39pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13,525</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:43.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(240)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:39pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(246)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Internal credit ratings assigned by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > on the underlying collateral are derived b</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >Co</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >pan</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > 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Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ou</font><font style='font-family:Times New Roman;font-size:10pt;' >rse </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >oga</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n r</font><font style='font-family:Times New Roman;font-size:10pt;' >igh</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wh</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >M</font><font style='font-family:Times New Roman;font-size:10pt;' >B</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >k</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a c</font><font style='font-family:Times New Roman;font-size:10pt;' >lai</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >pa</font><font style='font-family:Times New Roman;font-size:10pt;' >ym</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >may be</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >gh</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ed </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >oun</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >pa</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >lu</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e r</font><font style='font-family:Times New Roman;font-size:10pt;' >ig</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >hel</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >lla</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >al.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Counterparty Credit Risk</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative instruments in the </font><font style='font-family:Times New Roman;font-size:10pt;' >corporate </font><font style='font-family:Times New Roman;font-size:10pt;' >segment. The</font><font style='font-family:Times New Roman;font-size:10pt;' >se </font><font style='font-family:Times New Roman;font-size:10pt;' >agreements allow the Company to contractually</font><font style='font-family:Times New Roman;font-size:10pt;' > net amounts due from </font><font style='font-family:Times New Roman;font-size:10pt;' >a counterparty</font><font style='font-family:Times New Roman;font-size:10pt;' > with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps </font><font style='font-family:Times New Roman;font-size:10pt;' >under</font><font style='font-family:Times New Roman;font-size:10pt;' > master netting agreements, which typically contain mutual credit downgrade provisions that generall</font><font style='font-family:Times New Roman;font-size:10pt;' >y provide the ability to require assignment or termination in the event either </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > or the counterparty is downgraded below a specified credit rating.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Under these a</font><font style='font-family:Times New Roman;font-size:10pt;' >greem</font><font style='font-family:Times New Roman;font-size:10pt;' >ents, the Company may receive or provide U.S. Treasury and other highly rated securitie</font><font style='font-family:Times New Roman;font-size:10pt;' >s or cash to secure counterparties&#8217; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for </font><font style='font-family:Times New Roman;font-size:10pt;' >replacing the counterparty in the event that the counterparty defaults. As </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company did not hold cash collateral to derivative counterparties but posted cash collateral to derivative counterparties of $</font><font style='font-family:Times New Roman;font-size:10pt;' >127</font><font style='font-family:Times New Roman;font-size:10pt;' > million. </font><font style='font-family:Times New Roman;font-size:10pt;' >Of this amount, </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >108</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million </font><font style='font-family:Times New Roman;font-size:10pt;' >is netted within &#8220;Derivative liabilities&#8221; </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >19</font><font style='font-family:Times New Roman;font-size:10pt;' > million is included within &#8220;Other liabilities&#8221; as cash collateral netted against accrued interest on derivative liabilities</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company did not hold cash collateral to derivative counterparties</font><font style='font-family:Times New Roman;font-size:10pt;' > but posted cash collateral to derivative counterparties of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >12</font><font style='font-family:Times New Roman;font-size:10pt;' > million. </font><font style='font-family:Times New Roman;font-size:10pt;' >All of the </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >12</font><font style='font-family:Times New Roman;font-size:10pt;' > million is included within </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;Other liabilities&#8221; as cash collateral netted against accrued interest on derivative liabilities</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company had securities with a fair value of $</font><font style='font-family:Times New Roman;font-size:10pt;' >215</font><font style='font-family:Times New Roman;font-size:10pt;' > million posted to derivative counterparties and this amount is included within &#8220;Fixed-maturity securities held as available-for-sale, at fair value&#8221; on the Company&#8217;s consolidated balance sheet.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company had securities with a fair value of $</font><font style='font-family:Times New Roman;font-size:10pt;' >198</font><font style='font-family:Times New Roman;font-size:10pt;' > million posted to derivative counterparties and this amount is included within &#8220;Fixed-maturity securities held as available-for-sale, at fair value&#8221; on the Com</font><font style='font-family:Times New Roman;font-size:10pt;' >pany&#8217;s consolidated balance sheet.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the fair value on one Credit Support Annex (&#8220;CSA&#8221;) was $</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >millio</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >and $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million, </font><font style='font-family:Times New Roman;font-size:10pt;' >respectively.</font><font style='font-family:Times New Roman;font-size:10pt;' >This</font><font style='font-family:Times New Roman;font-size:10pt;' > CSA governs</font><font style='font-family:Times New Roman;font-size:10pt;' > collateral posting requirements between </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > and its derivative counterparties. The Company did not receive collateral due to the Company&#8217;s credit rating, which was below the CSA minimum credit ratings level for holding counterparty collateral. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the counterparty was rated A2 by Moody&#8217;s and A by S&amp;P.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Financial Statement Presentation</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The fair value of amounts recognized for eligible derivative contracts executed with the same counterparty under a master netting agreement, including any cash collateral that may have been received or posted by the Company, is presented on a net basis in </font><font style='font-family:Times New Roman;font-size:10pt;' >accordance with accounting guidance for the offsetting of fair value amounts related to derivative instruments. Insured CDS</font><font style='font-family:Times New Roman;font-size:10pt;' > and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any </font><font style='font-family:Times New Roman;font-size:10pt;' >master netting agreements.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Counterparty netting of derivative assets and liabilities offsets balances in &#8220;Interest rate swaps&#8221; </font><font style='font-family:Times New Roman;font-size:10pt;' >as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the total fair value of the Company&#8217;s derivative</font><font style='font-family:Times New Roman;font-size:10pt;' > assets, after counterparty netting of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' > million, was $</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > million, of which $</font><font style='font-family:Times New Roman;font-size:10pt;' >6</font><font style='font-family:Times New Roman;font-size:10pt;' > million was reported within &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets. Embedded derivatives of $</font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' > million were reported within &#8220;Medium-term notes&#8221; on the Company&#8217;s consolidated balance sheets.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the total fair value of the Company&#8217;s derivative liabilities, after counterparty netting of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and cash collateral posted by the company of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >108</font><font style='font-family:Times New Roman;font-size:10pt;' > million, </font><font style='font-family:Times New Roman;font-size:10pt;' >was $</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' >81</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million</font><font style='font-family:Times New Roman;font-size:10pt;' >, of which $</font><font style='font-family:Times New Roman;font-size:10pt;' >467</font><font style='font-family:Times New Roman;font-size:10pt;' > million </font><font style='font-family:Times New Roman;font-size:10pt;' >was reported within &#8220;Derivative liabilities&#8221; and &#8220;Derivative liabilities&#8221; presented under &#8220;Liabilities of consolidated va</font><font style='font-family:Times New Roman;font-size:10pt;' >riable interest entities&#8221; on the Company&#8217;s consolidated balance sheets. Embedded derivatives of $</font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' > million were reported within &#8220;Medium-term notes&#8221; on the Company&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > consolidated balance sheets.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the total fai</font><font style='font-family:Times New Roman;font-size:10pt;' >r value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting and posting of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >cash collateral, as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Assets </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Liabilities </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Notional</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amount</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Instruments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Not designated as hedging instruments:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,086</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(207)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,877</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,179</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(269)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >903</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(76)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >392</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(14)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >89</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total non-designated derivatives</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,862</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(590)</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >   by the location of the related host contract. </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the total fair value of the Company&#8217;s derivative assets, after counterparty netting</font><font style='font-family:Times New Roman;font-size:10pt;' > of $</font><font style='font-family:Times New Roman;font-size:10pt;' >81</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' >, was $</font><font style='font-family:Times New Roman;font-size:10pt;' >10</font><font style='font-family:Times New Roman;font-size:10pt;' > million, of which $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million was reported within &#8220;Other assets&#8221; </font><font style='font-family:Times New Roman;font-size:10pt;' >on the Company&#8217;s consolidated balance sheets. Embedded derivatives of $</font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' > million were reported within &#8220;Medium-term notes&#8221; on the Company&#8217;s consolidated balance sheets.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, t</font><font style='font-family:Times New Roman;font-size:10pt;' >he total fair value of the Company&#8217;s deriv</font><font style='font-family:Times New Roman;font-size:10pt;' >ative liabilities, after counterparty netting</font><font style='font-family:Times New Roman;font-size:10pt;' > of $</font><font style='font-family:Times New Roman;font-size:10pt;' >81</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > was $</font><font style='font-family:Times New Roman;font-size:10pt;' >456</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >illion</font><font style='font-family:Times New Roman;font-size:10pt;' >, of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >which</font><font style='font-family:Times New Roman;font-size:10pt;' > $437 million </font><font style='font-family:Times New Roman;font-size:10pt;' >was reported within &#8220;Derivative liabilities</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; and &#8220;Derivative liabilities</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; presented under &#8220;Liabilities of consolidated variable interest entities&#8221; </font><font style='font-family:Times New Roman;font-size:10pt;' >on the Company&#8217;s consolidated balance sheets.</font><font style='font-family:Times New Roman;font-size:10pt;' > Embedded derivatives of $</font><font style='font-family:Times New Roman;font-size:10pt;' >19</font><font style='font-family:Times New Roman;font-size:10pt;' > million were reported within &#8220;Medium-term notes&#8221; and &#8220;Other</font><font style='font-family:Times New Roman;font-size:10pt;' > investments&#8221; on the Company&#8217;s consolidated balance sheets.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the total fair value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting and posting of cash colla</font><font style='font-family:Times New Roman;font-size:10pt;' >teral, as of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:center;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Assets </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:150pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Liabilities </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Notional</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amount</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:center;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:162pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivative Instruments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance Sheet Location</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Not designated as hedging instruments:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,481</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(244)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,044</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,450</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(248)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate swaps-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >437</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(19)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >91</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities-VIE</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >All other-embedded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total non-designated derivatives</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,839</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >91</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(537)</font></td></tr><tr style='height:15pt;' ><td colspan='2' rowspan='1' style='width:162pt;text-align:left;border-color:Black;min-width:162pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:51pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:51pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:103.5pt;text-align:left;border-color:Black;min-width:103.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='15' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='14' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >   by the location of the related host contract. </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >able</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >ct</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ve</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >olida</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ope</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ion</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Net Gain</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Loss)</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivatives Not Designated as</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Recognized</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Hedging Instruments </font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Location of Gain (Loss) Recognized in Income on Derivative</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >in Income</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >37</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(9)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Interest rate swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(107)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >4</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >3</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Total</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(72)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >able</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >ct</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ve</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >olida</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ope</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ion</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Net Gain</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Loss)</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Derivatives Not Designated as</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Recognized</font></td></tr><tr style='height:9.75pt;' ><td style='width:153pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Hedging Instruments </font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Location of Gain (Loss) Recognized in Income on Derivative</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >in Income</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >823</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Insured credit default swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(339)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Interest rate swaps</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(23)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Currency swaps-VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange-VIE</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >6</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Unrealized gains (losses) on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >15</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and foreign exchange</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(1)</font></td></tr><tr style='height:12.75pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >All other</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Realized gains (losses) and other settlements on insured derivatives</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >(30)</font></td></tr><tr style='height:12pt;' ><td style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >Total</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:327.75pt;text-align:left;border-color:Black;min-width:327.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:9.5pt;color:#000000;' >451</font></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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                <p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p>
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                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>End date of current fiscal year in the format --MM-DD.</p>
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                <p>No definition available.</p>
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                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
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                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gYearItemType</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
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                    <td>na</td>
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                    <td>duration</td>
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                <p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_DocumentType</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>dei_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>dei:centralIndexKeyItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Trading symbol of an instrument as listed on an exchange.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 9: Income Taxes</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >he</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ti</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >re </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >fo</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ws</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:343.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >113</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >404</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >148</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Effective tax rate</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38.9%</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36.6%</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:343.5pt;text-align:left;border-color:Black;min-width:343.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >F</font><font style='font-family:Times New Roman;font-size:10pt;' >or the </font><font style='font-family:Times New Roman;font-size:10pt;' >three</font><font style='font-family:Times New Roman;font-size:10pt;' > months ended </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company&#8217;s effective tax rate applied to its </font><font style='font-family:Times New Roman;font-size:10pt;' >income before income taxes </font><font style='font-family:Times New Roman;font-size:10pt;' >was</font><font style='font-family:Times New Roman;font-size:10pt;' > higher</font><font style='font-family:Times New Roman;font-size:10pt;' > than the U.S. statutory tax rate primarily as a result of </font><font style='font-family:Times New Roman;font-size:10pt;' >the non-deductibility </font><font style='font-family:Times New Roman;font-size:10pt;' >of the change in </font><font style='font-family:Times New Roman;font-size:10pt;' >fair value of the warrants.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >F</font><font style='font-family:Times New Roman;font-size:10pt;' >or the </font><font style='font-family:Times New Roman;font-size:10pt;' >three</font><font style='font-family:Times New Roman;font-size:10pt;' > months ended </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company&#8217;s effective tax rate applied to its </font><font style='font-family:Times New Roman;font-size:10pt;' >income before income taxes</font><font style='font-family:Times New Roman;font-size:10pt;' > was </font><font style='font-family:Times New Roman;font-size:10pt;' >higher </font><font style='font-family:Times New Roman;font-size:10pt;' >than the U.S. statutory tax rate primarily as a result of </font><font style='font-family:Times New Roman;font-size:10pt;' >certain non-tax deductible expenses and the increase in the</font><font style='font-family:Times New Roman;font-size:10pt;' > valuatio</font><font style='font-family:Times New Roman;font-size:10pt;' >n allowance against its deferred tax asset.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#39;s provision for income taxes for interim financial periods is not based on an estimated annual effective rate due to the</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >variability in fair value of its </font><font style='font-family:Times New Roman;font-size:10pt;' >derivative</font><font style='font-family:Times New Roman;font-size:10pt;' > liabilitie</font><font style='font-family:Times New Roman;font-size:10pt;' >s, which prevents the Compan</font><font style='font-family:Times New Roman;font-size:10pt;' >y from projecting a reliable estimated annual effective tax rate and </font><font style='font-family:Times New Roman;font-size:10pt;' >income before </font><font style='font-family:Times New Roman;font-size:10pt;' >income</font><font style='font-family:Times New Roman;font-size:10pt;' > taxes</font><font style='font-family:Times New Roman;font-size:10pt;' > for the full year of </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. A discrete calculation of the provision is calculated for each interim period.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Deferred Tax Asset, Net </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >of Valuation Allowance</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company establishes a valuation allowance against its deferred tax asset when it is more likely than not that all or a portion of the deferred tax asset will not be realized. All evidence, both positive and negative, needs to be identified and </font><font style='font-family:Times New Roman;font-size:10pt;' >considered in making the determination. Future realization of the existing deferred tax asset ultimately depends, in part, on the </font><font style='font-family:Times New Roman;font-size:10pt;' >generation </font><font style='font-family:Times New Roman;font-size:10pt;' >of sufficient taxable income of appropriate character (for example, ordinary income versus capital gains) within th</font><font style='font-family:Times New Roman;font-size:10pt;' >e carryforward period available under the tax law.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, 2014, </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >net deferred tax asset </font><font style='font-family:Times New Roman;font-size:10pt;' >was </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >1.0</font><font style='font-family:Times New Roman;font-size:10pt;' > b</font><font style='font-family:Times New Roman;font-size:10pt;' >illion</font><font style='font-family:Times New Roman;font-size:10pt;' >, with no </font><font style='font-family:Times New Roman;font-size:10pt;' >valuation allowance</font><font style='font-family:Times New Roman;font-size:10pt;' > as a result of a tax planning strategy to use unrealized gains that are </font><font style='font-family:Times New Roman;font-size:10pt;' >included in &#8220;Accumulated other comprehensive income (loss)&#8221; on the Company&#8217;s consolidated balance sheets against the deferred tax asset related to any remaining asset impairments.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In accordance with accounting guidance for income taxes, the netting of defe</font><font style='font-family:Times New Roman;font-size:10pt;' >rred taxes between different taxpaying jurisdictions is not permitted. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, there was also a non U.S. deferred tax liability of $</font><font style='font-family:Times New Roman;font-size:10pt;' >15</font><font style='font-family:Times New Roman;font-size:10pt;' > million included in &#8220;Other liabilities&#8221; on the Company&#8217;s consolidated balance sheet. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Tax </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Sharing A</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >gr</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >eement</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has a tax sharing agreement among its members effective January 1, 1987. The agreement was amended and restated effective September 8, 2011 to change the method of calculating each domestic insurer&#8217;s tax liability to the method permitted</font><font style='font-family:Times New Roman;font-size:10pt;' > by paragraph 3(a) of Department Circular Letter #33 (1979). The agreement was submitted to the </font><font style='font-family:Times New Roman;font-size:10pt;' >NYSDFS</font><font style='font-family:Times New Roman;font-size:10pt;' > for review and non-disapproval pursuant to Section 1505 of the New York Insurance Law (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >NYIL</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;).</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company&#8217;s tax sharing agreement is filed as an exhibi</font><font style='font-family:Times New Roman;font-size:10pt;' >t to the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for informational purposes only. Refer to &#8220;Note 2: Significant Accounting Policies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Repor</font><font style='font-family:Times New Roman;font-size:10pt;' >t on Form 10-K for the year ended December 31, 2014, for further discussion on the Company&#8217;s tax sharing agreement</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >cc</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >u</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >g</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >f</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >U</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >r</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >a</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >y</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >I</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >m</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >T</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >ax</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >s</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ny</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >po</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >is </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >eco</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >unrecognized tax benefit (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >U</font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >B</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >es</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >/or</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >co</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >pe</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ons</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > The Company includes interest as a component of income tax expense.</font><font style='font-family:Times New Roman;font-size:10pt;' > As of March 31, 2015 and December 31, 2014, the Company had no </font><font style='font-family:Times New Roman;font-size:10pt;' >UTB outstanding</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > and its U.S. subsidiaries file a U.S. consolidated federal income tax return. Federal income tax returns for 2011 through 2013 are subject to examination. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >tax authorities in the </font><font style='font-family:Times New Roman;font-size:10pt;' >U</font><font style='font-family:Times New Roman;font-size:10pt;' >nited Kingdom</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >have been </font><font style='font-family:Times New Roman;font-size:10pt;' >auditing</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK for</font><font style='font-family:Times New Roman;font-size:10pt;' > tax years 2005 through 201</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >In April of </font><font style='font-family:Times New Roman;font-size:10pt;' >201</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK received </font><font style='font-family:Times New Roman;font-size:10pt;' >correspondence</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >from </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >H</font><font style='font-family:Times New Roman;font-size:10pt;' >M Revenue &amp; Customs </font><font style='font-family:Times New Roman;font-size:10pt;' >closing the </font><font style='font-family:Times New Roman;font-size:10pt;' >audit </font><font style='font-family:Times New Roman;font-size:10pt;' >for the years under examination with no change in taxable</font><font style='font-family:Times New Roman;font-size:10pt;' > income</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >net operating loss (&#8220;NOL&#8221;) </font><font style='font-family:Times New Roman;font-size:10pt;' >is approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >3.1</font><font style='font-family:Times New Roman;font-size:10pt;' > billion</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The NOL will </font><font style='font-family:Times New Roman;font-size:10pt;' >expire between tax years 2029 through 203</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company has an alternative minimum tax credit carryforward of $</font><font style='font-family:Times New Roman;font-size:10pt;' >22</font><font style='font-family:Times New Roman;font-size:10pt;' > million, which does not expire.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureTextBlock</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_TextBlockAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E1VBG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Operations (USD $)<br>In Millions, except Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">$ 37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives" onclick="toggleNextSibling(this);">$ 838</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</span><span></span></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" onclick="toggleNextSibling(this);">469</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" onclick="toggleNextSibling(this);">(55)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
        <td class="nump"><a title="us-gaap_OtherIncome" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherIncome" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">219</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
        <td class="nump"><a title="us-gaap_Revenues" onclick="toggleNextSibling(this);">577</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Revenues</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestExpense" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
        <td class="nump"><a title="us-gaap_BenefitsLossesAndExpenses" onclick="toggleNextSibling(this);">106</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BenefitsLossesAndExpenses</span><span></span></td>
        <td class="nump"><a title="us-gaap_BenefitsLossesAndExpenses" onclick="toggleNextSibling(this);">173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_BenefitsLossesAndExpenses</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" onclick="toggleNextSibling(this);">404</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
        <td class="nump"><a title="us-gaap_IncomeTaxExpenseBenefit" onclick="toggleNextSibling(this);">148</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_IncomeTaxExpenseBenefit</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetIncomeLoss" onclick="toggleNextSibling(this);">256</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetIncomeLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net income (loss) per common share:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Net income (loss) per basic common share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 0.37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareBasic" onclick="toggleNextSibling(this);">$ 1.33</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareBasic</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net income (loss) per diluted common share</a></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 0.37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
        <td class="nump"><a title="us-gaap_EarningsPerShareDiluted" onclick="toggleNextSibling(this);">$ 1.32</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_EarningsPerShareDiluted</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average number of common shares outstanding:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">181,735,876</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" onclick="toggleNextSibling(this);">189,033,982</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted</a></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">182,736,415</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
        <td class="nump"><a title="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" onclick="toggleNextSibling(this);">190,263,748</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetByBusinessAbstract', window );"><strong>Premiums earned:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts', window );">Scheduled premiums earned</a></td>
        <td class="nump"><a title="us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RefundingPremiumsEarned', window );">Refunding premiums earned</a></td>
        <td class="nump"><a title="mbi_RefundingPremiumsEarned[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">46</a><span style="display:none;white-space:normal;text-align:left;">mbi_RefundingPremiumsEarned<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_RefundingPremiumsEarned[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">mbi_RefundingPremiumsEarned<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNet', window );">Premiums earned (net of ceded premiums of $4 and $2)</a></td>
        <td class="nump"><a title="us-gaap_PremiumsEarnedNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">101</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsEarnedNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PremiumsEarnedNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">88</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsEarnedNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetInvestmentIncome', window );">Net investment income</a></td>
        <td class="nump"><a title="us-gaap_NetInvestmentIncome[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetInvestmentIncome[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FeesAndReimbursements', window );">Fees and reimbursements</a></td>
        <td class="nump"><a title="mbi_FeesAndReimbursements[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FeesAndReimbursements<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="mbi_FeesAndReimbursements[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">mbi_FeesAndReimbursements<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives', window );">Realized gains (losses) and other settlements on insured derivatives</a></td>
        <td class="num"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="num"><a title="mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">(369)</a><span style="display:none;white-space:normal;text-align:left;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_UnrealizedGainLossOnDerivatives[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">838</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnrealizedGainLossOnDerivatives<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_GainLossOnDerivativeInstrumentsNetPretax[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">469</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">(55)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
        <td class="nump"><a title="us-gaap_OtherIncome[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherIncome[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense', window );">Amortization of deferred acquisition costs</a></td>
        <td class="nump"><a title="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">13</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">35</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">46</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestExpense[dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember]" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetByBusinessAbstract', window );"><strong>Premiums earned:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetInvestmentIncome', window );">Net investment income</a></td>
        <td class="nump"><a title="us-gaap_NetInvestmentIncome[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_NetInvestmentIncome[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_NetInvestmentIncome<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
        <td class="num"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(10)</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainsLossesOnExtinguishmentOfDebt', window );">Net gains (losses) on extinguishment of debt</a></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_GainsLossesOnExtinguishmentOfDebt[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_GainsLossesOnExtinguishmentOfDebt<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating</a></td>
        <td class="nump"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_OperatingExpenses[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingExpenses<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
        <td class="nump"><a title="us-gaap_InterestExpense[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_InterestExpense[dei_LegalEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">$ 10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_InterestExpense<br>/ dei_LegalEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FeesAndReimbursements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of fees collected for services performed in connection with certain insurance related transactions and investment management services, both of which are earned in the current period or deferred and earned over the life of the related transaction. Also included are work, wavier and consent, termination, administrative and management fees, and fees from reinsurance commutations that are earned when the related services are completed and the fees are received.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FeesAndReimbursements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Realized gains and losses and recognized premiums and fees related to insurance policies on derivatives included in earnings.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RefundingPremiumsEarned">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Premiums recognized as revenue on all financial guarantee insurance contracts that were retired (through legal defeasance in satisfaction of the obligation according to its indenture) prior to the scheduled maturity. The premiums recognized in the current period were initially recorded under unearned premium revenue in the consolidated balance sheets when received.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_RefundingPremiumsEarned</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BenefitsLossesAndExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5,6,7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5, 6, 7<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_BenefitsLossesAndExpenses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of expense related to deferred policy acquisition costs.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 16<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.7(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 7<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 18<br><br> -Article 12<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35755530&amp;loc=d3e11264-158415<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 30<br><br> -Section 35<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28247317&amp;loc=d3e10157-158409<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480726&amp;loc=d3e6691-158385<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 18<br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 20<br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4A<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5618551-113959<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainsLossesOnExtinguishmentOfDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12317-112629<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 470<br><br> -SubTopic 50<br><br> -Section 40<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6850294&amp;loc=d3e12355-112629<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GainsLossesOnExtinguishmentOfDebt</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 940<br><br> -SubTopic 20<br><br> -Section 25<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35710027&amp;loc=d3e41242-110953<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 10<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of the cost of borrowed funds accounted for as interest expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 835<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.9)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 9<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_InterestExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 19<br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetInvestmentIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 16<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 2<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_NetInvestmentIncome</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 4<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherIncome</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 17<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 235<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.12-17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34713774&amp;loc=d3e574992-122915<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 1<br><br> -Article 7<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 605<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.13(c))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PremiumsEarnedNet</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNetByBusinessAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PremiumsEarnedNetByBusinessAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after premiums ceded to other entities and premiums assumed by the entity, of financial guarantee premiums earned.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 1<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 605<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486662&amp;loc=d3e27175-158546<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 605<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933001&amp;loc=SL5747862-161289<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6816-158387<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Revenues</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=31042434&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">dei_LegalEntityAxis=us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
                  </tr>
                  <tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Recent Accounting Pronouncements<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock', window );">Recent Accounting Pronouncements</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 3: Recent Accounting Pronouncements</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recently Adopted Accounting Standards </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Presentation of Financial Statements (Topic 205) and Property, P</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >lant, and Equipment (Topic 360)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > (ASU 2014-08)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April of 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2014-08, &#8220;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)-Reporting Discontinued Operations and D</font><font style='font-family:Times New Roman;font-size:10pt;' >isclosures of Disposals of Components of an Entity.&#8221; ASU 2014-08 changes the criteria for determining whether a disposal of a component or group of components of an entity qualifies for discontinued operations presentation and requires new disclosures. ASU</font><font style='font-family:Times New Roman;font-size:10pt;' > 2014-08 amends the definition of discontinued operation to a disposal of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity&#8217;s operations and financial results. ASU 2014-08 was effective for interim</font><font style='font-family:Times New Roman;font-size:10pt;' > and annual periods beginning January 1, 2015. The adoption of ASU 2014-08 did not affect the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Tra</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >nsfers and Servicing (Topic 860</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212; </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (AS</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >U 2014-11)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June of 2014, the FASB issued ASU 2014-11, &#8220;Transfers and Servicing (Topic 860)-Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.&#8221; The repurchase agreements and similar transactions guidance is amended by ASU 2014-1</font><font style='font-family:Times New Roman;font-size:10pt;' >1 to change the accounting for </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >.) repurchase-to-maturity transactions to secured borrowing accounting and ii.) linked repurchase financing transactions to secured borrowing accounting. ASU 2014-11 amends disclosure requirements for transfers accounted for</font><font style='font-family:Times New Roman;font-size:10pt;' > as sales, and for repurchase transactions accounted for as secured borrowings. ASU 2014-11 was effective for interim and annual periods beginning January 1, 2015. The adoption of ASU 2014-11 did not affect the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company </font><font style='font-family:Times New Roman;font-size:10pt;' >has not adopted any </font><font style='font-family:Times New Roman;font-size:10pt;' >other </font><font style='font-family:Times New Roman;font-size:10pt;' >new accounting pronouncements that had a material impact on its consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recent </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Accounting Developments</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May of 2014, the FAS</font><font style='font-family:Times New Roman;font-size:10pt;' >B issued ASU 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606).&#8221; ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within the scope of</font><font style='font-family:Times New Roman;font-size:10pt;' > other accounting standards. ASU 2014-09 is effective for interim and annual periods beginning January 1, 2017, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Compensation-St</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >ock Compensation (Topic 718</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > &#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June </font><font style='font-family:Times New Roman;font-size:10pt;' >of 2014, the FASB issued ASU 2014-12, &#8220;Compensation-Stock Compensation (Topic 718)-Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.&#8221; ASU 2014-12 requires </font><font style='font-family:Times New Roman;font-size:10pt;' >that a performance target that affects vesting of share-based payment awards and that could be achieved after an employee&#8217;s requisite service period be accounted for as a performance condition. ASU 2014-12 is effective for interim and annual periods beginn</font><font style='font-family:Times New Roman;font-size:10pt;' >ing January 1, 2016 with early adoption permitted, and is applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Consolidation (Topic 810)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >13</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >) </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the FASB issued ASU 2014-13, &#8220;Consolidation (Topic 810)-Measuring the Financial Assets and the Financial Liabil</font><font style='font-family:Times New Roman;font-size:10pt;' >ities of a Consolidated Collateralized Financing Entity.&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU 2014-13 applies to a consolidated collateralized financing entity defined as a consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >variable interest entity (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >VIE</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > that holds financial assets and issues beneficial interests in those </font><font style='font-family:Times New Roman;font-size:10pt;' >financial assets that are classified as financial liabilities. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company</font><font style='font-family:Times New Roman;font-size:10pt;' > may elect to measure the financial assets and the financial liabilities of a consolidated collateralized financing entity using a measurement alternative provided in ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' >. Th</font><font style='font-family:Times New Roman;font-size:10pt;' >e measurement alternative requires both the financial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more observable of the fair value of the financial assets and the fair value of the fina</font><font style='font-family:Times New Roman;font-size:10pt;' >ncial liabilities with the changes in fair value recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing consolidated collateralized financing entities. ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is effective for interim and annual per</font><font style='font-family:Times New Roman;font-size:10pt;' >iods beginning January 1, 2016 with early adoption permitted. The adoption of ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Presentation of Financial Statements</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Going Concern (Subtopic 205-40): Disclosure</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >15</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the FASB issued ASU 2014-15, &#8220;Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#8217;s Ab</font><font style='font-family:Times New Roman;font-size:10pt;' >ility to Continue as a Going Concern.&#8221; ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity&#8217;s ability to continue as a going concern, and to provide certain disclosures when it is </font><font style='font-family:Times New Roman;font-size:10pt;' >probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for the annual period end</font><font style='font-family:Times New Roman;font-size:10pt;' >ing</font><font style='font-family:Times New Roman;font-size:10pt;' > December 31, 2016 and for annual periods and i</font><font style='font-family:Times New Roman;font-size:10pt;' >nterim periods thereafter with early adoption permitted. </font><font style='font-family:Times New Roman;font-size:10pt;' >The adoption of ASU 2014-15 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Consolidation (Topic 810) </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;Amendments to the Consolidation Analysis </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 2015-02)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In</font><font style='font-family:Times New Roman;font-size:10pt;' > February of 2015, the FASB issued ASU 2015-02, &#8220;Consolidation (Topic 810)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10pt;' >Amendments to the Consolidation Analysis</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#8221; ASU 2015-02 amends the accounting guidance for consolidation of legal entities including </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. ASU 2015-02 eliminates the specialized cons</font><font style='font-family:Times New Roman;font-size:10pt;' >olidation model and guidance for limited partnerships, amends the conditions for evaluating whether a fee paid to a decision maker or a service provider represents a variable interest in a VIE, amends the related party guidance for the determination of the</font><font style='font-family:Times New Roman;font-size:10pt;' > primary beneficiary of a VIE, and requires certain investment funds designed as </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >, except money market funds, to apply the amended consolidation guidance. ASU 2015-02 is effective for interim and annual periods beginning January 1, 2016 with early adop</font><font style='font-family:Times New Roman;font-size:10pt;' >tion permitted, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2015-02.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (ASU 201</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >5-03)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April of 20</font><font style='font-family:Times New Roman;font-size:10pt;' >15, the FASB issued ASU 2015-03</font><font style='font-family:Times New Roman;font-size:10pt;' >, &#8220;Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.&#8221; ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost t</font><font style='font-family:Times New Roman;font-size:10pt;' >o be reported in the balance sheet as a direct deduction from the face amount of the debt liability. ASU 2015-03 is e</font><font style='font-family:Times New Roman;font-size:10pt;' >ffective for interim and annual </font><font style='font-family:Times New Roman;font-size:10pt;' >periods beginning January 1, 2016 with early adoption permitted, and is applied on a retrospective basis.  </font><font style='font-family:Times New Roman;font-size:10pt;' >The adoption of ASU 2015-03 is not expected to materially impact the Company&#8217;s consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6372559&amp;loc=d3e765-108305<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 01<br><br> -Paragraph b<br><br> -Subparagraph 6<br><br> -Article 10<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28359718&amp;loc=d3e22499-107794<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28359718&amp;loc=d3e22580-107794<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Direct Effects of a Change in Accounting Principle<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510796<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Indirect Effects of a Change in Accounting Principle<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515603<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Accounting Change<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6503790<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Change in Accounting Principle<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507316<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.10-01.(b)(6))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27015980&amp;loc=d3e46468-122699<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Retrospective Application<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6523989<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28359718&amp;loc=d3e22583-107794<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6372559&amp;loc=d3e725-108305<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Significant Accounting Policies<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Significant Accounting Policies</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 2: Significant Accounting Policies</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has disclosed its significant accounting policies in &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 2: Significant Accounting Policies</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form 10-K for the year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. The following </font><font style='font-family:Times New Roman;font-size:10pt;' >significant accounting policies provide an update to those included in the Company&#8217;s Annual Report on Form 10-K.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Basis of Presentation</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Fo</font><font style='font-family:Times New Roman;font-size:10pt;' >rm 10-Q and Article 10 of Regulation S-X and, accordingly, do not include all of the information and disclosures required by </font><font style='font-family:Times New Roman;font-size:10pt;' >accounting principles generally accepted in the United States of America (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >GAAP</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > for annual periods. These statements should be re</font><font style='font-family:Times New Roman;font-size:10pt;' >ad in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. The accompanying consolidated financial statements have not been audited by an independent re</font><font style='font-family:Times New Roman;font-size:10pt;' >gistered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, n</font><font style='font-family:Times New Roman;font-size:10pt;' >ecessary for the fair statement of the Company&#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of financial statements requires management to make estima</font><font style='font-family:Times New Roman;font-size:10pt;' >tes and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actu</font><font style='font-family:Times New Roman;font-size:10pt;' >al results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The results of operations for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > may not be indicative of the results that may be expected for the year ending </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. The </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > consolidated balance sheet was derived from audited financial statements, but does not include all disclosures requi</font><font style='font-family:Times New Roman;font-size:10pt;' >red by GAAP for annual periods. Certain amounts have been reclassified in </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >prior year</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s financial statements to conform to the current presentation. </font><font style='font-family:Times New Roman;font-size:10pt;' >Such </font><font style='font-family:Times New Roman;font-size:10pt;' >reclassifications had no impact on total revenues, expenses, assets, liabilities, shareh</font><font style='font-family:Times New Roman;font-size:10pt;' >olders&#8217; equity</font><font style='font-family:Times New Roman;font-size:10pt;' >, operating cash flows, investing cash flows, or financing cash flows</font><font style='font-family:Times New Roman;font-size:10pt;' > for all periods presente</font><font style='font-family:Times New Roman;font-size:10pt;' >d.</font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for all significant accounting policies of the reporting entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18861-107790<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18743-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18854-107790<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Subsequent Events<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 14: Subsequent Events</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Re</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 13: Commitments and Contingencies</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >rm</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bou</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >ga</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >eed</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ng</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ha</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >cc</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rr</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 855<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6842918&amp;loc=SL6314017-165662<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Business Segments<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Business Segments</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 10: Business Segments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As defined by segment reporting, an operating segment is a component </font><font style='font-family:Times New Roman;font-size:10pt;' >of a company (</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >)&#160;that engages in business activities from which it earns revenue and incurs expenses, (ii)&#160;whose operating results are regularly reviewed by the Chief </font><font style='font-family:Times New Roman;font-size:10pt;' >Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and, (iii)&#160;for which discrete financial information is available. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company manages its businesses across three oper</font><font style='font-family:Times New Roman;font-size:10pt;' >ating segments: </font><font style='font-family:Times New Roman;font-size:10pt;' >1) U.S. public finance insurance; 2) international and structured finance insurance; and 3) corporate. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company&#8217;s U.S. public finance insurance business is operated through National and its international and structured finance insurance </font><font style='font-family:Times New Roman;font-size:10pt;' >business is operated through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. Prior to 2015, the Company managed two other operating segments, advisory services and conduit. </font><font style='font-family:Times New Roman;font-size:10pt;' >During 2014, the Company dissolved its conduit segment by </font><font style='font-family:Times New Roman;font-size:10pt;' >extinguishing </font><font style='font-family:Times New Roman;font-size:10pt;' >the remaining </font><font style='font-family:Times New Roman;font-size:10pt;' >liabilities of the segment and liq</font><font style='font-family:Times New Roman;font-size:10pt;' >uidating the Company&#8217;s remaining conduit, Me</font><font style='font-family:Times New Roman;font-size:10pt;' >ridian</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and effective January 1, 2015, the Company exited its advisory services business with the completed sale of </font><font style='font-family:Times New Roman;font-size:10pt;' >Cutwater to a subsidiary of The Bank of New York Mellon Corporation. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following sections pro</font><font style='font-family:Times New Roman;font-size:10pt;' >vide a description of each of the Company&#8217;s reportable operating segments.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >U.S. Public Finance Insurance</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s U.S. public finance insurance segment is principally conducted through National. The financial guarantees issued by National provide unco</font><font style='font-family:Times New Roman;font-size:10pt;' >nditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S. public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at </font><font style='font-family:Times New Roman;font-size:10pt;' >its discretion, to accelerate insured obligations upon default or otherwise. National issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, hea</font><font style='font-family:Times New Roman;font-size:10pt;' >lth care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and private</font><font style='font-family:Times New Roman;font-size:10pt;' >ly issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams. </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >International </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >and </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Structured F</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >inance</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Insurance </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s international </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >structured finance</font><font style='font-family:Times New Roman;font-size:10pt;' > insurance </font><font style='font-family:Times New Roman;font-size:10pt;' >segment is principally conducted through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. The financial guarantees issued by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. generally provide unconditional and irrevocable guarantees of the payment of pr</font><font style='font-family:Times New Roman;font-size:10pt;' >incipal of, and interest or other amounts owing on, non-U.S. public finance </font><font style='font-family:Times New Roman;font-size:10pt;' >and global structured finance </font><font style='font-family:Times New Roman;font-size:10pt;' >insured obligations when due, or in the event </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise</font><font style='font-family:Times New Roman;font-size:10pt;' >, upon </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8217;s acceleration. Certain guaranteed investment contracts written by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. are insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., and if </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. were to have insufficient assets to pay amounts due upon maturity or termination, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. would make such payments</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. also insures debt obligations of the following affiliates:</font></p><ul><li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc.;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Global Funding, LLC (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >GFL</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' >;</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Investment Management Corp. (&#8220;IMC&#8221;); and</font></li><li style='text-align:left;margin-top:0pt;margin-bottom:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >LaCrosse</font><font style='font-family:Times New Roman;font-size:10pt;' > Financial Products, LLC, a wholly-owned affiliate, in which </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. has written i</font><font style='font-family:Times New Roman;font-size:10pt;' >nsurance policies guaranteeing the obligations under CDS, including termination payments that may become due upon certain events including the insolvency or payment default of the financial guarantor or the CDS issuer. </font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. insure</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >non</font><font style='font-family:Times New Roman;font-size:10pt;' >-U.S. </font><font style='font-family:Times New Roman;font-size:10pt;' >public finance and </font><font style='font-family:Times New Roman;font-size:10pt;' >global structured finance, including asset-backed obligations. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. has insured </font><font style='font-family:Times New Roman;font-size:10pt;' >sovereign-related and sub-sovereign </font><font style='font-family:Times New Roman;font-size:10pt;' >bonds, </font><font style='font-family:Times New Roman;font-size:10pt;' >utilities</font><font style='font-family:Times New Roman;font-size:10pt;' >, privately issued bonds used for </font><font style='font-family:Times New Roman;font-size:10pt;' >the financing of projects</font><font style='font-family:Times New Roman;font-size:10pt;' > that </font><font style='font-family:Times New Roman;font-size:10pt;' >include toll roads, bridges, airpo</font><font style='font-family:Times New Roman;font-size:10pt;' >rts, </font><font style='font-family:Times New Roman;font-size:10pt;' >public </font><font style='font-family:Times New Roman;font-size:10pt;' >transportation facilities, and other types of infrastructure projects serving a substantial public purpose. </font><font style='font-family:Times New Roman;font-size:10pt;' >Global </font><font style='font-family:Times New Roman;font-size:10pt;' >structured finance and asset-backed obligations typically are securities repayable from expected cash flows generated by a specif</font><font style='font-family:Times New Roman;font-size:10pt;' >ied pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company is no longer insuring ne</font><font style='font-family:Times New Roman;font-size:10pt;' >w credit derivative contracts except for transactions related to the reduction of existing derivative exposure. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. has not written any meaningful amount of business since 2008.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Corporate</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s corporate segment </font><font style='font-family:Times New Roman;font-size:10pt;' >consists of general corporate activities, including </font><font style='font-family:Times New Roman;font-size:10pt;' >providing general support services to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > other operating businesses</font><font style='font-family:Times New Roman;font-size:10pt;' > and asset and debt management. General support services are provided by the Company&#8217;s service company, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Services Corporation (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >M</font><font style='font-family:Times New Roman;font-size:10pt;' >BIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Services&#8221;).</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Services </font><font style='font-family:Times New Roman;font-size:10pt;' >provides various support services including, among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a fee-for-service basis. </font><font style='font-family:Times New Roman;font-size:10pt;' >Debt management includes activities </font><font style='font-family:Times New Roman;font-size:10pt;' >related to servicing obligations issued by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. and its subsidiaries, IMC and GFL</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. issued debt to finance the operations of the </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > group. IMC, along with </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc., provided customized investment agreements, </font><font style='font-family:Times New Roman;font-size:10pt;' >guaranteed by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., for b</font><font style='font-family:Times New Roman;font-size:10pt;' >ond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. It also provided customized products for funds that are invested as part of asset-backed or structured prod</font><font style='font-family:Times New Roman;font-size:10pt;' >uct transactions. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. GFL lent the proceeds of these MTN issuances to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. The company ceased issuing these investment agreements and MTNs a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd the </font><font style='font-family:Times New Roman;font-size:10pt;' >outstanding liability balances and corresponding asset balances have declined over time as liabilities mature, terminate or are retired. </font><font style='font-family:Times New Roman;font-size:10pt;' >All of the debt within the corporate segment is managed collectively and is serviced by the financial resources </font><font style='font-family:Times New Roman;font-size:10pt;' >available to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc</font><font style='font-family:Times New Roman;font-size:10pt;' >. Asset management activities </font><font style='font-family:Times New Roman;font-size:10pt;' >provide for opportunities in investments and provide general liquidity support to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Advisory Services</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The advisory services segment primarily consist</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' > of </font><font style='font-family:Times New Roman;font-size:10pt;' >the operations of Cutwater Investor Services Corp. and Cutwater Asset Management Corp. </font><font style='font-family:Times New Roman;font-size:10pt;' >and was a fee-for-service investment management business focused on fixed-income markets. </font><font style='font-family:Times New Roman;font-size:10pt;' >Effective with the January 1, 2015 sale of Cutwater, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > has no business activ</font><font style='font-family:Times New Roman;font-size:10pt;' >ities within its advisory services segment.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Conduit</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s conduit segment was operated through Meridian and administered through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Asset Finance, LLC. Assets financed by Meridian were funded by MTNs. </font><font style='font-family:Times New Roman;font-size:10pt;' >In 2014, the Company extinguished the remain</font><font style='font-family:Times New Roman;font-size:10pt;' >ing liabilities of this segment and liquidated </font><font style='font-family:Times New Roman;font-size:10pt;' >Meridian</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >
</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Segments Results</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following tables provide the Company&#8217;s segment results for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='14' rowspan='1' style='width:305.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:305.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2015</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >U.S. </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >International </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Public </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and Structured</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Corporate</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:57pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Eliminations</font></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >105</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >29</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >139</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net change in fair value of insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value and</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:223.5pt;text-align:left;border-color:Black;min-width:223.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >30</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other net realized gains (losses) </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(44)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total revenues</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >114</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >72</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >77</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(44)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >219</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Losses and loss adjustment</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Operating</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >48</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Interest</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Expenses of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment expenses</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(43)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:216pt;text-align:left;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total expenses</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >76</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >45</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(43)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >106</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >86</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >113</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >29</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >44</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >57</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >69</font></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Identifiable assets</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,859</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10,578</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,737</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3,259)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></sup></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15,915</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:231pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:231pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >________________</font></td><td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</font></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</font></td></tr><tr style='height:9pt;' ><td colspan='18' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='20' rowspan='1' style='width:428.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:428.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >U.S. </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >International </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Public </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and Structured</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Finance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Advisory</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Corporate</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Services</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Conduit</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Eliminations</font></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >89</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >32</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >142</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net change in fair value of</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >468</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >469</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >instruments at fair value and </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(52)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(55)</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:114pt;text-align:left;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >extinguishment of debt</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other net realized gains (losses) </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment revenues</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(35)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total revenues</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >105</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >529</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(30)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(35)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >577</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Losses and loss adjustment </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >64</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Operating</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >56</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Interest</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >28</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >26</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >54</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Expenses of consolidated VIEs</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Inter-segment expenses</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:106.5pt;text-align:left;border-color:Black;min-width:106.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total expenses</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >139</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >49</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >173</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >92</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >390</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(79)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >404</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >31</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >136</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >148</font></td></tr><tr style='height:9.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >61</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >254</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(58)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >256</font></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Identifiable assets</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,124</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10,867</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2,640</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >34</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >76</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3,654)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></sup></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16,087</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:121.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:121.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >________________</font></td><td style='width:3.75pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(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.</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >        receivables and payables.</font></td></tr><tr style='height:9pt;' ><td colspan='24' rowspan='1' style='width:553.5pt;text-align:left;border-color:Black;min-width:553.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Pr</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >iu</font><font style='font-family:Times New Roman;font-size:10pt;' >ms</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >inan</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ee</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >de</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ep</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >wi</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >hi</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >ce </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >re </font><font style='font-family:Times New Roman;font-size:10pt;' >gen</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >wi</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >hi</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >id</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >U</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >S.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >lowin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >abl</font><font style='font-family:Times New Roman;font-size:10pt;' >e s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >iu</font><font style='font-family:Times New Roman;font-size:10pt;' >ms</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ea</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ne</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >nan</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >gu</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and in</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >eog</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >aph</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >sk</font><font style='font-family:Times New Roman;font-size:10pt;' > f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:19.5pt;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total premiums earned:</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >United States</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >United Kingdom</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Europe (excluding United Kingdom)</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Internationally diversified</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Central and South America</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asia</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td><td colspan='2' rowspan='1' style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total   </font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >105</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >93</font></td><td style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ></td></tr></table></div><span></span></td>
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                <p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 29<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8864-108599<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8933-108599<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8844-108599<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8538-108599<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8380-108599<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 34<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8981-108599<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 35<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8984-108599<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 41<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9038-108599<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8906-108599<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 42<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9054-108599<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 31<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8924-108599<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 40<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9031-108599<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 33<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8971-108599<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8595-108599<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value Measurement</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 6: Fair Value of Financial Instruments</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Fair Value Measurement</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Fair value is a market-based measure</font><font style='font-family:Times New Roman;font-size:10pt;' >ment</font><font style='font-family:Times New Roman;font-size:10pt;' > considered from the perspective of a market participant. Therefore, even when market </font><font style='font-family:Times New Roman;font-size:10pt;' >assumptions are not readily available, the Company&#8217;s own assumptions are set to reflect those</font><font style='font-family:Times New Roman;font-size:10pt;' > which it believes market participants would use in pricing an asset or liability at the measurement date. The fair value measurement of financial instruments held or issued by the Company are determined through the use of observable market data when avail</font><font style='font-family:Times New Roman;font-size:10pt;' >able. Market data is obtained from a variety of third-party sources, including dealer quotes. If dealer quotes are not available for an instrument that is infrequently traded, the Company uses alternate valuation methods, including either dealer quotes for</font><font style='font-family:Times New Roman;font-size:10pt;' > similar instruments or modeling using market data inputs. The use of alternate valuation methods generally requires considerable judgment in the application of estimates and assumptions and changes to such estimates and assumptions may produce materially </font><font style='font-family:Times New Roman;font-size:10pt;' >different fair values.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The accounting guidance for fair value measurement establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most ob</font><font style='font-family:Times New Roman;font-size:10pt;' >servable inputs be used when available and reliable. Observable inputs are those the Company believes that market participants would use in pricing an asset or liability based on available market data. Unobservable inputs are those that reflect the Company</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s beliefs about the assumptions market participants would use in pricing an asset or liability based on available information. The fair value hierarchy is categorized into three levels based on the observability and reliability of inputs, as follows:</font></p><ul><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >Leve</font><font style='font-family:Times New Roman;font-size:10pt;' >l 1&#8212;Valuations based on quoted prices in active markets for identical assets or liabilities that the Company can access. Valuations are based on quoted prices that are readily and regularly available in an active market, with significant trading volumes. </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >Level 2&#8212;Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 2 assets include debt securities with quoted prices that are traded less frequently than excha</font><font style='font-family:Times New Roman;font-size:10pt;' >nge-traded instruments, securities which are priced using observable inputs and derivative contracts whose values are determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by obser</font><font style='font-family:Times New Roman;font-size:10pt;' >vable market data. </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >Level 3&#8212;Valuations based on inputs that are unobservable and supported by little or no market activity and that are significant to the overall fair value measurement. Level 3 assets and liabilities include financial instruments whose va</font><font style='font-family:Times New Roman;font-size:10pt;' >lue is determined using pricing models, discounted cash flow methodologies, or similar techniques where significant inputs are unobservable, as well as instruments for which the determination of fair value requires significant management judgment or estima</font><font style='font-family:Times New Roman;font-size:10pt;' >tion. </font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The availability of observable inputs can vary from </font><font style='font-family:Times New Roman;font-size:10pt;' >financial instrument </font><font style='font-family:Times New Roman;font-size:10pt;' >to </font><font style='font-family:Times New Roman;font-size:10pt;' >financial instrument </font><font style='font-family:Times New Roman;font-size:10pt;' >and period to period and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new and not yet e</font><font style='font-family:Times New Roman;font-size:10pt;' >stablished in the marketplace, and other characteristics particular to the product. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company assigns the level in the fair</font><font style='font-family:Times New Roman;font-size:10pt;' > value hierarchy for which the fair value measurement in its entirety falls, based on the least observable input that is significant to the fair value measurement.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Assets (excluding derivative assets)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Financial assets, excluding derivative assets</font><font style='font-family:Times New Roman;font-size:10pt;' >, held by the Company primarily consist of investments in debt securities. Substantially all of the Company&#8217;s investments are priced by independent third parties, including pricing services and brokers. Typically, the Company receives one pricing service v</font><font style='font-family:Times New Roman;font-size:10pt;' >alue or broker quote for each instrument, which represents a non-binding indication of value. The Company reviews the assumptions, inputs and methodologies used by pricing services and brokers to obtain reasonable assurance that the prices used in its valu</font><font style='font-family:Times New Roman;font-size:10pt;' >ations reflect fair value. When the Company believes a third-party quotation differs significantly from its internally developed expectation of fair value, whether higher or lower, the Company reviews its data or assumptions with the provider. This review </font><font style='font-family:Times New Roman;font-size:10pt;' >includes comparing significant assumptions such as prepayment speeds, default ratios, forward yield curves, credit spreads and other significant quantitative inputs to internal assumptions, and working with the price provider to reconcile the differences. </font><font style='font-family:Times New Roman;font-size:10pt;' >The price provider may subsequently provide an updated price. In the event that the price provider does not update its price, and the Company still does not agree with the price provided, the Company will obtain a price from another third-party provider  o</font><font style='font-family:Times New Roman;font-size:10pt;' >r use an internally developed price which it believes represents the fair value of the investment. The fair values of investments for which internal prices were used were not significant to the aggregate fair value of the Company&#8217;s investment portfolio as </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > or</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. All challenges to third-party prices are reviewed by staff of the Company with relevant expertise to ensure reasonableness of assumptions.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Liabilities (excluding derivative liabilities)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Financial </font><font style='font-family:Times New Roman;font-size:10pt;' >liabilities, excluding derivative liabilities, issued by the Company primarily consist of investment agreements</font><font style='font-family:Times New Roman;font-size:10pt;' >, medium-term notes (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MTNs</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;) and debt issued for general corporate purposes</font><font style='font-family:Times New Roman;font-size:10pt;' > within its </font><font style='font-family:Times New Roman;font-size:10pt;' >corporate segment, </font><font style='font-family:Times New Roman;font-size:10pt;' >debt </font><font style='font-family:Times New Roman;font-size:10pt;' >issued by consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs and wa</font><font style='font-family:Times New Roman;font-size:10pt;' >rrants. Investment agreements, MTNs, and corporate debt are typically recorded at face value adjusted for premiums or discounts. The majority of the financial liabilities that the Company has elected to fair value or that require fair value reporting or di</font><font style='font-family:Times New Roman;font-size:10pt;' >sclosures are valued based on the estimated value of the underlying collateral, the Company&#8217;s or a third-party&#8217;s estimate of discounted cash flow model estimates, or quoted market values for similar products. These valuations include adjustments for expect</font><font style='font-family:Times New Roman;font-size:10pt;' >ed nonperformance risk of the Company.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Derivative Liabilities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s derivative liabilities are primarily insured credit derivatives that reference structured pools of cash securities and CDS</font><font style='font-family:Times New Roman;font-size:10pt;' >. The Company generally insured the most senior li</font><font style='font-family:Times New Roman;font-size:10pt;' >abilities of such transactions, and at the inception of transactions its exposure generally had more subordination than needed to achieve triple-A ratings from credit rating agencies. The types of collateral underlying its insured derivatives consist of ca</font><font style='font-family:Times New Roman;font-size:10pt;' >sh securities and CDS</font><font style='font-family:Times New Roman;font-size:10pt;' > referencing primarily corporate obligations, </font><font style='font-family:Times New Roman;font-size:10pt;' >asset-backed securities (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >ABS</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' >, RMBS, CMBS, CRE loans, and CDOs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s insured credit derivative contracts are non-traded structured credit derivative transactions. Since insured </font><font style='font-family:Times New Roman;font-size:10pt;' >derivatives are highly customized and there is generally no observable market for these derivatives, the Company estimates their fair values in a hypothetical market based on internal and third-party models simulating what a similar company would charge to</font><font style='font-family:Times New Roman;font-size:10pt;' > assume the Company&#8217;s position in the transaction at the measurement date. This pricing would be based on the expected loss of the exposure. The Company reviews its valuation model results on a quarterly basis to assess the appropriateness of the assumptio</font><font style='font-family:Times New Roman;font-size:10pt;' >ns and results in light of current market activity and conditions. This review is performed by internal staff with relevant expertise. If live market spreads or securities prices are observable for similar transactions, those spreads are an integral part o</font><font style='font-family:Times New Roman;font-size:10pt;' >f the analysis. New insured transactions that resemble existing (previously insured) transactions, if any, would be considered, as well as negotiated settlements of existing transactions.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company may from time to time make changes in its valuation tech</font><font style='font-family:Times New Roman;font-size:10pt;' >niques if the change results in a measurement that it believes is equally or more representative of fair value under current circumstances.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Internal Review Process</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >All significant financial assets and liabilities are reviewed by </font><font style='font-family:Times New Roman;font-size:10pt;' >a </font><font style='font-family:Times New Roman;font-size:10pt;' >committee</font><font style='font-family:Times New Roman;font-size:10pt;' > created by the Company to ensure compliance with the Company&#8217;s policies and risk procedures in the development of fair values of financial assets and liabilities. Th</font><font style='font-family:Times New Roman;font-size:10pt;' >is </font><font style='font-family:Times New Roman;font-size:10pt;' >valuation committee review, among other things, key assumptions used for internally dev</font><font style='font-family:Times New Roman;font-size:10pt;' >eloped prices, significant changes in sources and uses of inputs, including changes in model approaches, and any adjustments from third-party inputs or prices to internally developed inputs or prices. The committee also review</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > any significant impairment o</font><font style='font-family:Times New Roman;font-size:10pt;' >r improvements in fair values of the financial instruments from prior periods. </font><font style='font-family:Times New Roman;font-size:10pt;' >Occasionally, the </font><font style='font-family:Times New Roman;font-size:10pt;' >committee will consult with the Company&#8217;s valuation experts to better understand key methods and assumptions used for the determination of fair value, includin</font><font style='font-family:Times New Roman;font-size:10pt;' >g understanding significant changes in fair values. The committee </font><font style='font-family:Times New Roman;font-size:10pt;' >is </font><font style='font-family:Times New Roman;font-size:10pt;' >comprised of senior finance team members with the relevant experience in the financial instruments their committee is responsible for. For each quarter, the committee document</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > their agre</font><font style='font-family:Times New Roman;font-size:10pt;' >ement with the fair values developed by management of the Company as reported in the quarterly and annual financial statements.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Valuation Techniques</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Valuation techniques for financial instruments measured at fair value or disclosed at fair value are descri</font><font style='font-family:Times New Roman;font-size:10pt;' >bed below.</font></p><p style='text-align:left;margin-top:9.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Fixed-Maturity Securities (including short-term investments) Held as Available-For-Sale, Investments Carried at Fair Value, Investments Pledged as Collateral, Investments Held-to-Maturity, and Other Investments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >These investments include investme</font><font style='font-family:Times New Roman;font-size:10pt;' >nts in U.S. Treasury and government agencies, state and municipal bonds, foreign governments, corporate obligations, </font><font style='font-family:Times New Roman;font-size:10pt;' >mortgage-backed securities (&#8220;MB</font><font style='font-family:Times New Roman;font-size:10pt;' >S</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' >, ABS, money market securities, and perpetual debt and equity securities.   </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >These investments are genera</font><font style='font-family:Times New Roman;font-size:10pt;' >lly valued based on recently executed transaction prices or quoted market prices. When quoted market prices are not available, fair value is generally determined using quoted prices of similar investments or a valuation model based on observable and unobse</font><font style='font-family:Times New Roman;font-size:10pt;' >rvable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and volatility scores, diversity scores, cross-currency basis index spreads, and credit sp</font><font style='font-family:Times New Roman;font-size:10pt;' >reads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the value of any credit enhancement.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The fair value of the </font><font style='font-family:Times New Roman;font-size:10pt;' >held-to-maturity (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >HTM</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > investments is de</font><font style='font-family:Times New Roman;font-size:10pt;' >termined using discounted cash flow models. Key inputs include unobservable cash flows projected over the expected term of the investment discounted using observable interest rate yield curves of similar securities.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Investments based on quoted market price</font><font style='font-family:Times New Roman;font-size:10pt;' >s of identical investments in active markets are classified as Level 1 of the fair value hierarchy. Level 1 investments generally consist of U.S. Treasury and government agency, foreign government</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >money market </font><font style='font-family:Times New Roman;font-size:10pt;' >securities and perpetual debt and equity secu</font><font style='font-family:Times New Roman;font-size:10pt;' >rities</font><font style='font-family:Times New Roman;font-size:10pt;' >. Quoted market prices of</font><font style='font-family:Times New Roman;font-size:10pt;' > investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs are observable, such as interest rate yield curves, are categorized in Level 2 of the fair value hierarchy. Investments that</font><font style='font-family:Times New Roman;font-size:10pt;' > contain significant inputs that are not observable are categorized as Level 3.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Cash and Cash Equivalents, Receivable for Investments Sold,</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Investments Payable, </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Payable for Investments Purchased,</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >and Accrued Investment Income</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The carrying amounts of cash a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd cash equivalents, receivable for investments sold, </font><font style='font-family:Times New Roman;font-size:10pt;' >investments payable, </font><font style='font-family:Times New Roman;font-size:10pt;' >payable for investments purchased, and accrued investment income approximate fair values due to the short-term nature and credit worthiness of these instruments. </font><font style='font-family:Times New Roman;font-size:10pt;' >These items are cat</font><font style='font-family:Times New Roman;font-size:10pt;' >egorized in Level 1 or Level 2 of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Loans Receivable at Fair Value</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Loans receivable at fair value are comprised of loans held by consolidated VIEs consisting of corporate and residential mortgage loans.  Fair values of commercial lo</font><font style='font-family:Times New Roman;font-size:10pt;' >ans are obtained from a pricing service and determined using actively quoted prices obtained from multiple market participants.  Fair values of residential mortgage loans are determined using quoted prices for </font><font style='font-family:Times New Roman;font-size:10pt;' >mortgage-backed securities (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MBS</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > issued by t</font><font style='font-family:Times New Roman;font-size:10pt;' >he respective VIE and adjust</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' > for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. Loans receivable at fair value are categorized in Level 2 or Level 3 of the fair value hierarchy based on the input that is significan</font><font style='font-family:Times New Roman;font-size:10pt;' >t to the fair value measurement in its entirety.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Loan Repurchase Commitments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to either MBIA as reimbursement of paid claims or to the RMBS trusts as defined in the </font><font style='font-family:Times New Roman;font-size:10pt;' >transaction documents. Loan repurchase commitments are assets of the consolidated VIEs. This asset represents the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans so</font><font style='font-family:Times New Roman;font-size:10pt;' >ld to the trust to comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA a</font><font style='font-family:Times New Roman;font-size:10pt;' >s reimbursement of paid claims. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Loan repurchase commitments at fair value are categorized in Level 3 of the fair v</font><font style='font-family:Times New Roman;font-size:10pt;' >alue hierarchy. Fair values of loan repurchase commitments are determined using discounted cash flow techniques based on inputs including:</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >&#8226; </font><font style='font-family:Times New Roman;font-size:10pt;' >	breach rates representing the rate at which the sellers/servicers failed to comply with stated representations and</font><font style='font-family:Times New Roman;font-size:10pt;' > warranties;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >&#8226; </font><font style='font-family:Times New Roman;font-size:10pt;' >	recovery rates representing the estimates of future cash flows for the asset, including estimates about possible variations in the amount of cash flows expected to be collected;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >&#8226; </font><font style='font-family:Times New Roman;font-size:10pt;' >	expectations about possible variations in the timing of col</font><font style='font-family:Times New Roman;font-size:10pt;' >lections of the cash flows; and</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >&#8226; </font><font style='font-family:Times New Roman;font-size:10pt;' >	time value of money, represented by the rate on risk-free monetary assets.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Investment Agreements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The fair values of</font><font style='font-family:Times New Roman;font-size:10pt;' > investment agreements are determined using discounted cash flow techniques based on contractual cash flows and observable interest rates currently being offered for similar agreements with comparable maturity dates. Investment agreements contain collatera</font><font style='font-family:Times New Roman;font-size:10pt;' >lization and termination agreements that substantially mitigate the nonperformance risk of the Company. As the terms of the notes are private, and the timing and amount of contractual cash flows are not observable, these investment agreements are categoriz</font><font style='font-family:Times New Roman;font-size:10pt;' >ed as Level 3 of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Medium-Term Notes</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The fair values of certain MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix prici</font><font style='font-family:Times New Roman;font-size:10pt;' >ng grid based on the quoted market prices received and the MTNs&#8217; stated maturity and interest rate to determine fair value. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. The Company has elected to record these MTN</font><font style='font-family:Times New Roman;font-size:10pt;' >s at fair value as they contain embedded derivatives which cannot accurately be separated from the host debt instrument and fair valued separately, therefore, these MTNs are carried at fair value with changes in fair value reflected in earnings. The remain</font><font style='font-family:Times New Roman;font-size:10pt;' >ing MTNs, which are not carried at fair value, do not contain embedded derivatives. As these MTNs are illiquid and the prices reflect significant unobservable inputs, they are categorized as Level 3 of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Long-term Debt</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Long-term deb</font><font style='font-family:Times New Roman;font-size:10pt;' >t consists of notes, debentures, surplus notes and accrued interest on this debt. The fair value of long-term notes, debentures and surplus notes are estimated based on quoted prices for the identical or similar securities. The fair value of the accrued in</font><font style='font-family:Times New Roman;font-size:10pt;' >terest expense on the surplus notes due in 2033 is determined based on the scheduled interest payments discounted by the market&#8217;s perception of the credit risk related to the repayment of the surplus notes.&#160;The credit risk related to the repayment of the s</font><font style='font-family:Times New Roman;font-size:10pt;' >urplus notes is based on recent trades of the surplus notes.&#160;The deferred interest payment will be due on the first business day on or after which the Company obtains approval to make such payment. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The carrying amounts of accrued interest expense on all o</font><font style='font-family:Times New Roman;font-size:10pt;' >ther long-term debt approximate fair value due to the short-term nature of these instruments. Long-term debt is categorized as Level 2 of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Variable Interest Entity Notes</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The fair values of VIE notes are determined based on recently</font><font style='font-family:Times New Roman;font-size:10pt;' > executed transaction prices or quoted prices where observable. When position-specific quoted prices are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted </font><font style='font-family:Times New Roman;font-size:10pt;' >for factors unique to the securities, including any credit enhancement. When observable quoted prices are not available, fair value is determined based on discounted cash flow techniques of the underlying collateral using observable and unobservable inputs</font><font style='font-family:Times New Roman;font-size:10pt;' >. Observable inputs include interest rate yield curves and bond spreads of similar securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level 2 or Level 3 of the fair value hierarchy based on the lowest </font><font style='font-family:Times New Roman;font-size:10pt;' >level input that is significant to the fair value measurement in its entirety.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Variable Interest Entity Derivatives</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The VIEs have entered into derivative transactions consisting of cross currency swaps</font><font style='font-family:Times New Roman;font-size:10pt;' >, interest rate derivatives </font><font style='font-family:Times New Roman;font-size:10pt;' >and interest rate caps. Fai</font><font style='font-family:Times New Roman;font-size:10pt;' >r values of </font><font style='font-family:Times New Roman;font-size:10pt;' >over-the-counter (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >OTC</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > derivatives are determined using valuation models based on observable and/or unobservable inputs. These observable and market-based inputs include interest rates and volatilities. These derivatives are categorized in</font><font style='font-family:Times New Roman;font-size:10pt;' > Le</font><font style='font-family:Times New Roman;font-size:10pt;' >vel 2 or </font><font style='font-family:Times New Roman;font-size:10pt;' >Level 3 of the fair value hierarchy based on the input that is significant to the fair value measurement in its entirety.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Derivatives</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >corporate segment </font><font style='font-family:Times New Roman;font-size:10pt;' >has entered into derivative transactions primarily consisting of interest rate swaps. Fair</font><font style='font-family:Times New Roman;font-size:10pt;' > values of OTC derivatives are determined using valuation models based on observable inputs, nonperformance risk of the Company&#8217;s own credit and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, cre</font><font style='font-family:Times New Roman;font-size:10pt;' >dit spreads and volatilities. These derivatives are categorized in Level 2 or Level 3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has policies and procedures in </font><font style='font-family:Times New Roman;font-size:10pt;' >place regarding counterparties, including review and approval of the counterparty and the Company&#8217;s exposure limit, collateral posting requirements, collateral monitoring and margin calls on collateral. The Company manages counterparty credit risk on an in</font><font style='font-family:Times New Roman;font-size:10pt;' >dividual counterparty basis through master netting a</font><font style='font-family:Times New Roman;font-size:10pt;' >greements</font><font style='font-family:Times New Roman;font-size:10pt;' > covering derivative transactions in the </font><font style='font-family:Times New Roman;font-size:10pt;' >corporate </font><font style='font-family:Times New Roman;font-size:10pt;' >segment as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts d</font><font style='font-family:Times New Roman;font-size:10pt;' >ue to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or terminatio</font><font style='font-family:Times New Roman;font-size:10pt;' >n in the event either the Company or the counterparty is downgraded below a specified credit rating. The netting agreements minimize the potential for losses related to credit exposure and thus serve to mitigate the Company&#8217;s nonperformance risk under thes</font><font style='font-family:Times New Roman;font-size:10pt;' >e derivatives.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In certain cases, the Company also manages credit risk through collateral agreements that give the Company the right to hold or the obligation to provide collateral when the current market value of derivative contracts exceeds an exposure th</font><font style='font-family:Times New Roman;font-size:10pt;' >reshold. Under these a</font><font style='font-family:Times New Roman;font-size:10pt;' >gree</font><font style='font-family:Times New Roman;font-size:10pt;' >ments, the Company may provide U.S. Treasury and other highly rated securities or cash to secure the derivative. The delivery of high-quality collateral can minimize credit exposure and mitigate the potential for nonperformance ri</font><font style='font-family:Times New Roman;font-size:10pt;' >sk impacting the fair values of the derivatives.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Derivatives&#8212;Insurance</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The derivative contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of insured credit der</font><font style='font-family:Times New Roman;font-size:10pt;' >ivatives using valuation models. The valuation models are consistently applied from period to period, with refinements to the fair value estimation approach being applied as and when the information becomes available. Negotiated settlements are also consid</font><font style='font-family:Times New Roman;font-size:10pt;' >ered when determining fair value to </font><font style='font-family:Times New Roman;font-size:10pt;' >validate the fair value estimates determined by the valuation models and to determine </font><font style='font-family:Times New Roman;font-size:10pt;' >the best </font><font style='font-family:Times New Roman;font-size:10pt;' >available </font><font style='font-family:Times New Roman;font-size:10pt;' >estimate of </font><font style='font-family:Times New Roman;font-size:10pt;' >fair value from the perspective of a </font><font style='font-family:Times New Roman;font-size:10pt;' >market participant.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Approximately </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >93</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >% </font><font style='font-family:Times New Roman;font-size:10pt;' >of the balance sheet fair value of insured credit derivatives as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > was valued based on the Binomial Expansion Technique (&#8220;BET&#8221;) Model. Approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' >% of the balan</font><font style='font-family:Times New Roman;font-size:10pt;' >ce sheet fair value of insured credit derivatives as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > was valued based on the internally developed Direct Price Model and the Dual Default model. The valuation of insured derivatives includes the impact of its credit standing. All of</font><font style='font-family:Times New Roman;font-size:10pt;' > these derivatives are categorized as Level 3 of the fair value hierarchy as their fair value is derived using significant unobservable</font><font style='font-family:Times New Roman;font-size:10pt;' > inputs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has also entered into a derivative contract as a result of a commutation.  The fair value of the der</font><font style='font-family:Times New Roman;font-size:10pt;' >ivative is determined using a discounted cash flow model. Key inputs include unobservable cash flows projected over the expected term of the derivative, discounted using observable discount rates and CDS spreads. </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Description of the BET Model</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Valuation </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Model Overview</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >Company uses the </font><font style='font-family:Times New Roman;font-size:10pt;' >BET Model </font><font style='font-family:Times New Roman;font-size:10pt;' >to </font><font style='font-family:Times New Roman;font-size:10pt;' >estimate what a bond insurer would charge to guarantee a transaction at the measurement date, based on the market-implied default risk of the underlying collateral and the remaining structural protection in </font><font style='font-family:Times New Roman;font-size:10pt;' >a deductible or subordination. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Inputs to the process of determining fair value for structured transactions using the BET Model include estimates of collateral loss, allocation of loss to separate tranches of the capital structure, and calculation of the c</font><font style='font-family:Times New Roman;font-size:10pt;' >hange in value.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >BET Model Inputs </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >a. Credit spreads</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The average spread of collateral is a key input as the Company assumes credit spreads reflect the market&#8217;s assessment of default probability. </font><font style='font-family:Times New Roman;font-size:10pt;' >Collateral assets are generally considered on an average basis</font><font style='font-family:Times New Roman;font-size:10pt;' > rather than being modeled on an individual basis. </font><font style='font-family:Times New Roman;font-size:10pt;' >Spreads are obtained from market data sources published by third parties (e.g., dealer spread tables for assets most closely resembling collateral within the Company&#8217;s transactions) as well as collateral-s</font><font style='font-family:Times New Roman;font-size:10pt;' >pecific spreads on the underlying reference obligations provided by trustees or market sources. The Company also calculates spreads based on quoted prices and on internal assumptions about expected life, when pricing information is available and spread inf</font><font style='font-family:Times New Roman;font-size:10pt;' >ormation is not.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Over time, the data inputs change as new sources become available, existing sources are discontinued or are no longer considered to be reliable or the most appropriate. It is the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >preference </font><font style='font-family:Times New Roman;font-size:10pt;' >to use more observable spread inputs de</font><font style='font-family:Times New Roman;font-size:10pt;' >fined above. However, the Company may on occasion move to less observable spread inputs due to the discontinuation of data sources or due to the Company considering certain spread inputs no longer representative of market spreads.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >b. Diversity Scores</font></p><p style='text-align:left;margin-top:1.75pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Diver</font><font style='font-family:Times New Roman;font-size:10pt;' >sity scores are a means of estimating the diversification in a portfolio. The diversity score estimates the number of uncorrelated assets that are assumed to have the same loss distribution as the actual portfolio of correlated assets. While diversity scor</font><font style='font-family:Times New Roman;font-size:10pt;' >e is a required input into the BET model, due to current high levels of default within the collateral of the structures, diversity score does not have a significant impact on valuation. </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >c. Recovery Rate</font></p><p style='text-align:left;margin-top:4.35pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The recovery rate represents the percentage of par e</font><font style='font-family:Times New Roman;font-size:10pt;' >xpected to be recovered after an asset defaults, indicating the severity of a potential loss. MBIA generally uses rating agency recovery assumptions which may be adjusted to account for differences between the collateral used by the rating agencies and the</font><font style='font-family:Times New Roman;font-size:10pt;' > actual collateral in MBIA-insured transactions. The Company may also adjust rating agency assumptions based on the performance of the collateral manager and on empirical market data.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >d. Nonperformance Risk</font></p><p style='text-align:left;margin-top:4.35pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s valuation methodology for insured c</font><font style='font-family:Times New Roman;font-size:10pt;' >redit derivative liabilities incorporates MBIA Corp.&#8217;s own nonperformance risk. The Company calculates the fair value by discounting the market value loss estimated through the BET Model at discount rates which include MBIA Corp.&#8217;s CDS spreads as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. The CDS spreads assigned to each deal are based on the weighted average life of the deal. The Company limits the nonperformance impact so that the derivative liability could not be lower than MBIA Corp.&#8217;s recovery derivative price multiplie</font><font style='font-family:Times New Roman;font-size:10pt;' >d by the unadjusted derivative liability.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Overall Model Results</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company&#8217;s net insured CDS derivative liability was $</font><font style='font-family:Times New Roman;font-size:10pt;' >207</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >244</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, based on the re</font><font style='font-family:Times New Roman;font-size:10pt;' >sults of the aforementioned models. A significant driver of</font><font style='font-family:Times New Roman;font-size:10pt;' > changes in fair value is MBIA Corp.&#8217;s nonperformance risk. In aggregate, the nonperformance calculation resulted in a pre-tax net insured derivative liability that was </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >89</font><font style='font-family:Times New Roman;font-size:10pt;' > million and</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >92</font><font style='font-family:Times New Roman;font-size:10pt;' > million lower than the net liability that would have been estimated if MBIA Corp. excluded nonperformance risk in its valuation as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. Nonperformance risk is a fair value concept</font><font style='font-family:Times New Roman;font-size:10pt;' > and does not contradict MBIA Corp.&#8217;s internal view, based on fundamental credit analysis of MBIA Corp.&#8217;s economic condition, that MBIA Corp. will be able to pay all claims when due.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Warrants</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Stock warrants issued by the Company are valued using the Black-</font><font style='font-family:Times New Roman;font-size:10pt;' >Scholes model and are recorded at fair value. Inputs into the warrant valuation include the Company&#8217;s stock price, a volatility parameter, interest rates, and dividend data. As all significant inputs are market-based and observable, warrants are categorize</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >as</font><font style='font-family:Times New Roman;font-size:10pt;' > Level 2 of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Facility</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In the </font><font style='font-family:Times New Roman;font-size:10pt;' >fourth quarter of 2013, the Company approved and initiated a plan to sell its Armonk, New York facility</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >classified</font><font style='font-family:Times New Roman;font-size:10pt;' > it</font><font style='font-family:Times New Roman;font-size:10pt;' > as held for sale as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >In May</font><font style='font-family:Times New Roman;font-size:10pt;' > of 2015, the Company completed the sale of this facility. As of March 31, 2015, the fair value was the sales price less costs to sell. As of December 31, 2014, </font><font style='font-family:Times New Roman;font-size:10pt;' >fair market value was estimated based on an independent third-party appraisal</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Th</font><font style='font-family:Times New Roman;font-size:10pt;' >is</font><font style='font-family:Times New Roman;font-size:10pt;' > item </font><font style='font-family:Times New Roman;font-size:10pt;' >is </font><font style='font-family:Times New Roman;font-size:10pt;' >cat</font><font style='font-family:Times New Roman;font-size:10pt;' >egorized </font><font style='font-family:Times New Roman;font-size:10pt;' >as</font><font style='font-family:Times New Roman;font-size:10pt;' > Level 2</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of the fair value hierarchy.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Financial Guarantees</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Gross Financial Guarantees</font><font style='font-family:Times New Roman;font-size:10pt;' > &#8212;The fair value of gross financial guarantees is determined using discounted cash flow techniques based on inputs that include (i) assumptions of expected </font><font style='font-family:Times New Roman;font-size:10pt;' >losses on financial guarantee policies where loss reserves have not been recognized, (ii) amount of losses expected on financial guarantee policies where loss reserves have been established, net of expected recoveries, (iii) the cost of capital reserves re</font><font style='font-family:Times New Roman;font-size:10pt;' >quired to support the financial guarantee liability, (iv) operating expenses, and (v) discount rates. The  MBIA Corp. CDS spread and recovery rate are used as the discount rate for MBIA Corp., while the CDS spread and recovery rate of a similar municipal b</font><font style='font-family:Times New Roman;font-size:10pt;' >ond insurance company are used as the discount rate for National, as National does not have a published CDS spread and recovery rate. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The carrying value of the Company&#8217;s gross financial guarantees consists of unearned premium revenue and loss and LAE rese</font><font style='font-family:Times New Roman;font-size:10pt;' >rves, net of the insurance loss recoverable as reported on MBIA&#8217;s consolidated balance sheets.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Ceded Financial Guarantees</font><font style='font-family:Times New Roman;font-size:10pt;' > &#8212;</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The fair value of ceded financial guarantees is determined by applying the percentage ceded to reinsurers to the related fair value </font><font style='font-family:Times New Roman;font-size:10pt;' >of the gross financial guarantees. The carrying value of ceded financial guarantees consists of prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses as reported within &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheet</font><font style='font-family:Times New Roman;font-size:10pt;' >s.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Significant Unobservable Inputs</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. These tables exclude inputs used to measure fair value that are not developed by the Company, such as broker prices and other third-party pricing service valuations.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >as of</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Range</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:center;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Weighted</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Valuation Techniques</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,480</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices adjusted for financial</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 6% (2%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  guarantees provided to VIE obligations</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >385</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Breach rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:left;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,387</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices of VIE assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 39% (9%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  adjusted for financial guarantees provided</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Credit derivative liabilities, net:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >191</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25% - 90% (61%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19% - 32% (28%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.0 - 2.0 (1.6)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS spreads</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 57% (22%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Multi-sector CDO</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Direct Price Model</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50% - 50% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model and Dual Default</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42% - 45% (45%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50% - 50% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0.5 - 7.8 (1.0)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other derivative liabilities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >21</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Cash flows</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$0 - $83 ($42)</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:12pt;' ><td colspan='6' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:151.5pt;text-align:left;border-color:Black;min-width:151.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:114.75pt;text-align:left;border-color:Black;min-width:114.75pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </font></td></tr><tr style='height:9.75pt;' ><td colspan='11' rowspan='1' style='width:560.25pt;text-align:left;border-color:Black;min-width:560.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2) - Midpoint of cash flows are used for the weighted average.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >as of</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Range</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Weighted</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Valuation Techniques</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,431</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices adjusted for financial</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 10% (2%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  guarantees provided to VIE obligations</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >379</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Breach rates</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></sup></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >735</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Market prices of VIE assets</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Impact of financial guarantee</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 35% (16%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  adjusted for financial guarantees provided</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Credit derivative liabilities, net:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >224</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >25% - 90% (59%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12% - 29% (25%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1.3 - 3.2 (2.3)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >CMBS spreads</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0% - 41% (19%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Multi-sector CDO</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Direct Price Model</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >53% - 53% (53%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >11</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >BET Model and Dual Default</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recovery rates</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42% - 45% (45%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Nonperformance risk</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41% - 51% (50%)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:111.75pt;text-align:left;border-color:Black;min-width:111.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Weighted average life (in years)</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >0.2 - 7.9 (1.1)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:119.25pt;text-align:left;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Other derivative liabilities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:154.5pt;text-align:left;border-color:Black;min-width:154.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Discounted cash flow</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Cash flows</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$0 - $83 ($42)</font><sup><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></sup></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='6' rowspan='1' style='width:334.5pt;text-align:left;border-color:Black;min-width:334.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:117.75pt;text-align:left;border-color:Black;min-width:117.75pt;' ></td><td style='width:12.75pt;text-align:left;border-color:Black;min-width:12.75pt;' ></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1) - Recovery rates and breach rates include estimates about potential variations in the outcome of litigation with a counterparty. </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='10' rowspan='1' style='width:549pt;text-align:left;border-color:Black;min-width:549pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2) - Midpoint of cash flows are used for the weighted average.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Sensitivity of Significant Unobservable Inputs</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unobservable input used in the fair value measurement of the Company&#8217;s loans receivable at fair value of consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > is the impact of the financial guarantee. The fair value of loans receivable is calculated by subtracting the value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the </font><font style='font-family:Times New Roman;font-size:10pt;' >present value of expected cash payments under the policy. As expected cash payments provided by the Company under the insurance policy increase</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > there is a lower expected cash flow on the underlying loans receivable of the VIE. This results in a lower fair</font><font style='font-family:Times New Roman;font-size:10pt;' > value of the loans receivable in relation to the obligations of the VIE.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unobservable inputs used in the fair value measurement of the Company&#8217;s loan repurchase commitments of consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > are the recovery rates and breach rates. Reco</font><font style='font-family:Times New Roman;font-size:10pt;' >very rates reflect the estimates of future cash flows reduced for litigation delays and risks and/or potential financial distress of the sellers/servicers. The estimated recoveries of the loan repurchase commitments may differ from the actual recoveries th</font><font style='font-family:Times New Roman;font-size:10pt;' >at may be received in the future. Breach rates represent the rate at which mortgages fail to comply with stated representations and warranties of the sellers/servicers. </font><font style='font-family:Times New Roman;font-size:10pt;' >Significant increases or decreases in the recovery rates and the breach rates would re</font><font style='font-family:Times New Roman;font-size:10pt;' >sult in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in the legal environment and the ability of the counterparties to pay would impact the recovery rate assumptions, which could signific</font><font style='font-family:Times New Roman;font-size:10pt;' >antly impact the fair value measurement. </font><font style='font-family:Times New Roman;font-size:10pt;' >Any significant challenges by the counterparties to the Company&#8217;s determination of breaches of representations and warranties could significantly adversely impact the fair value measurement. </font><font style='font-family:Times New Roman;font-size:10pt;' >Recovery rates and bre</font><font style='font-family:Times New Roman;font-size:10pt;' >ach rates are determined independently. </font><font style='font-family:Times New Roman;font-size:10pt;' >Changes in one input will not necessarily have any impact on the other input.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unobservable input used in the fair value measurement of the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >VIE</font><font style='font-family:Times New Roman;font-size:10pt;' > notes of consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > is the impact of th</font><font style='font-family:Times New Roman;font-size:10pt;' >e financial guarantee. The fair value of VIE notes is calculated by adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments</font><font style='font-family:Times New Roman;font-size:10pt;' > under the policy. As the value of the guarantee provided by the Company to the obligations issued by the VIE increases, the credit support adds value to the liabilities of the VIE. This results in an increase in the fair value of the liabilities of the VI</font><font style='font-family:Times New Roman;font-size:10pt;' >E.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unobservable inputs used in the fair value measurement of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > credit derivatives, which are valued using the BET Model, are </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >spreads,</font><font style='font-family:Times New Roman;font-size:10pt;' > recovery rates, nonperformance risk and weighted average life. The </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > spread is an </font><font style='font-family:Times New Roman;font-size:10pt;' >indicator of credit risk of the collateral securities. The recovery rate represents the percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance risk is an assumption of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA C</font><font style='font-family:Times New Roman;font-size:10pt;' >orp.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s own ability to pay and whether </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. </font><font style='font-family:Times New Roman;font-size:10pt;' >will have the necessary resources to pay the obligations as they come due. Weighted average life is based on the Company&#8217;s estimate of when the principal of the underlying collateral of the </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > structure wi</font><font style='font-family:Times New Roman;font-size:10pt;' >ll be repaid.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >A significant increase or decrease in </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > spreads would </font><font style='font-family:Times New Roman;font-size:10pt;' >result in a</font><font style='font-family:Times New Roman;font-size:10pt;' >n increase or </font><font style='font-family:Times New Roman;font-size:10pt;' >decrease in the fair value of the derivative liabilit</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. </font><font style='font-family:Times New Roman;font-size:10pt;' >A significant increase in weighted average life can result in an increase or decrease in t</font><font style='font-family:Times New Roman;font-size:10pt;' >he fair value of the derivative liability, depending on the discount rate and the timing of significant losses. </font><font style='font-family:Times New Roman;font-size:10pt;' >Any significant increase or decrease in recovery rates</font><font style='font-family:Times New Roman;font-size:10pt;' >, or MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >nonperformance risk</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >would result in a decrease or increase in the fair v</font><font style='font-family:Times New Roman;font-size:10pt;' >alue of the derivative liabilities, respectively. </font><font style='font-family:Times New Roman;font-size:10pt;' >CMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > spreads, recovery rates, nonperformance risk and weighted average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unob</font><font style='font-family:Times New Roman;font-size:10pt;' >servable input used in the fair value measurement of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >multi-sector </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > credit derivatives, which are valued using the Direct Price Model, is nonperformance risk. The nonperformance risk is an assumption of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >own ability to pay and wh</font><font style='font-family:Times New Roman;font-size:10pt;' >ether </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. </font><font style='font-family:Times New Roman;font-size:10pt;' >will have the necessary resources to pay the obligations as they come due. Any significant </font><font style='font-family:Times New Roman;font-size:10pt;' >increase</font><font style='font-family:Times New Roman;font-size:10pt;' > or decrease in </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >nonperformance risk would result in a decrease or increase in the fair value of the derivative liabilities, res</font><font style='font-family:Times New Roman;font-size:10pt;' >pectively.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant unobservable inputs used in the fair value measurement of</font><font style='font-family:Times New Roman;font-size:10pt;' > MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >other credit derivatives, which are valued using the BET Model</font><font style='font-family:Times New Roman;font-size:10pt;' > and Dual Default</font><font style='font-family:Times New Roman;font-size:10pt;' >, are recovery rates, nonperformance risk and weighted average life. The recove</font><font style='font-family:Times New Roman;font-size:10pt;' >ry rate represents the percentage of notional expected to be recovered after an asset defaults, indicating the severity of a potential loss. The nonperformance risk is an assumption of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >own ability to pay and whether </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp. </font><font style='font-family:Times New Roman;font-size:10pt;' >will have the ne</font><font style='font-family:Times New Roman;font-size:10pt;' >cessary resources to pay the obligations as they come due. Weighted average life is based on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >estimate of when the principal of the underlying collateral will be repaid. </font><font style='font-family:Times New Roman;font-size:10pt;' >A significant increase in weighted average life can result in an increase </font><font style='font-family:Times New Roman;font-size:10pt;' >or decrease in the fair value of the derivative liability, depending on the discount rate and the timing of significant losses. </font><font style='font-family:Times New Roman;font-size:10pt;' >Any significant increase or decrease in recovery rates or </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >nonperformance risk would result in a decrease or increas</font><font style='font-family:Times New Roman;font-size:10pt;' >e in the fair value of the derivative liabilities, respectively. Recovery rates, nonperformance risk and weighted average lives are determined independently. Changes in one input will not necessarily have any impact on the other inputs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The significant uno</font><font style='font-family:Times New Roman;font-size:10pt;' >bservable input used in the fair value measurement of</font><font style='font-family:Times New Roman;font-size:10pt;' > MBIA Corp.&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >other derivatives, which are valued using </font><font style='font-family:Times New Roman;font-size:10pt;' >a discounted cash flow m</font><font style='font-family:Times New Roman;font-size:10pt;' >odel</font><font style='font-family:Times New Roman;font-size:10pt;' >, is</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >estimates of future cash flows </font><font style='font-family:Times New Roman;font-size:10pt;' >discounted using market rates and CDS spreads. </font><font style='font-family:Times New Roman;font-size:10pt;' >Any significant increase or decrease in </font><font style='font-family:Times New Roman;font-size:10pt;' >future cash flows </font><font style='font-family:Times New Roman;font-size:10pt;' >would result in a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >increase</font><font style='font-family:Times New Roman;font-size:10pt;' > or </font><font style='font-family:Times New Roman;font-size:10pt;' >decrease</font><font style='font-family:Times New Roman;font-size:10pt;' > in the fair value of the derivative liabilit</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Fair Value Measurements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following tables present the fair value of the Company&#8217;s assets (incl</font><font style='font-family:Times New Roman;font-size:10pt;' >uding short-term investments) and liabilities measured and reported at fair value on a recurring basis as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >624</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >120</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >744</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,750</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,756</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >210</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >296</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,088</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,098</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,129</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,129</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >74</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >75</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >271</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >74</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >345</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:174pt;text-align:left;border-color:Black;min-width:174pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >834</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,513</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >171</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,518</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Money market securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >240</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >240</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >27</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >51</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >596</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >596</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:276pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:276pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >192</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >737</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >737</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >385</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >385</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:201pt;text-align:left;border-color:Black;min-width:201pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Currency derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,725</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,522</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,122</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,368</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Credit derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >207</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >210</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >269</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(109)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >160</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other </font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Warrants</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >33</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >33</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments payable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,266</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,387</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,653</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:189pt;text-align:left;border-color:Black;min-width:189pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:181.5pt;text-align:left;border-color:Black;min-width:181.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,647</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,795</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(109)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,369</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:196.5pt;text-align:left;border-color:Black;min-width:196.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >573</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >118</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >691</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,724</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,732</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >221</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >290</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,048</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,058</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,162</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,162</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >93</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >156</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >85</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >241</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >794</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,353</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >198</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,345</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Money market securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >729</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >729</font></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivative assets:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >83</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Equity securities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:15pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='12' rowspan='1' style='width:277.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:277.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Active Markets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Counterparty</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >for Identical</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Observable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >and Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:165pt;text-align:left;border-color:Black;min-width:165pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Collateral</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 1)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 2)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(Level 3)</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Netting</font></td><td style='width:12pt;text-align:center;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >65</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >194</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >86</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >86</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td></tr><tr style='height:11.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >53</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential loans receivable</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,431</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,431</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >379</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >379</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,087</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,510</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,097</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,613</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Derivative liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Credit derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >244</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >246</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-insured derivatives:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest rate derivatives</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >248</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >167</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities held for sale:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for loans purchased</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Warrants</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >28</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >28</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,312</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >735</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,047</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,344</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,200</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(81)</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:46.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,463</font></td></tr><tr style='height:14.25pt;' ><td colspan='5' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >____________</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:46.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:46.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='21' rowspan='1' style='width:550.5pt;text-align:left;border-color:Black;min-width:550.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Level 3 assets at fair value as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > represented approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >20</font><font style='font-family:Times New Roman;font-size:10pt;' >% </font><font style='font-family:Times New Roman;font-size:10pt;' >of total assets measured at fair value. Level 3 liabilities at fair value</font><font style='font-family:Times New Roman;font-size:10pt;' > as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > represented approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >53</font><font style='font-family:Times New Roman;font-size:10pt;' >% and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >35</font><font style='font-family:Times New Roman;font-size:10pt;' >%, respectively, of total liabilities measured at fair value. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following tables</font><font style='font-family:Times New Roman;font-size:10pt;' > present the fair values and carrying</font><font style='font-family:Times New Roman;font-size:10pt;' > va</font><font style='font-family:Times New Roman;font-size:10pt;' >lues of the Company&#8217;s assets and liabilities that are disclosed at fair value but not reported at fair value on the Company&#8217;s consolidated balance sheets as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant </font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Carry Value</font></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Active Markets for</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other Observable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Identical Assets</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:10.5pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 1)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 2)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 3)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:54.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Accrued investment income</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Receivable for investments sold</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments held-to-maturity</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,635</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,635</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,742</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >132</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,639</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,771</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,878</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investment agreements</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >538</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >753</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >753</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >928</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Long-term debt</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,113</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,113</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,828</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for investments purchased</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >71</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,776</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,776</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,742</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,184</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,240</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,424</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,107</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Guarantees:</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,874</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,874</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,846</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ceded</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >103</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >103</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:47.25pt;text-align:left;border-color:Black;min-width:47.25pt;' ></td><td style='width:23.25pt;text-align:left;border-color:Black;min-width:23.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(1) - Reported within &quot;Other assets&quot; on MBIA&#39;s consolidated balance sheets. </font></td></tr><tr style='height:9.75pt;' ><td colspan='18' rowspan='1' style='width:563.25pt;text-align:left;border-color:Black;min-width:563.25pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(2) - Reported within &quot;Other liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='8' rowspan='1' style='width:207.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:207.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value Measurements at Reporting Date Using</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Quoted Prices in</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Significant </font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Carry Value</font></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Active Markets for</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Other Observable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unobservable</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Balance as of </font></td></tr><tr style='height:9.75pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Identical Assets</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Inputs</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:72pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 1)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:69pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 2)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (Level 3)</font></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other investments</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Accrued investment income</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >43</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Receivable for investments sold</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets held for sale</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments held-to-maturity</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,632</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,632</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,757</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total assets</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >138</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,636</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,774</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,899</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investment agreements</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >705</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >705</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >547</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >801</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >801</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,004</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Long-term debt</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,172</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,172</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,810</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for investments purchased</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated VIEs:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,779</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,779</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,757</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total liabilities</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,214</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,285</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,499</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,160</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Guarantees:</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,051</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,051</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,959</font></td></tr><tr style='height:11.25pt;' ><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:193.5pt;text-align:left;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ceded</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:right;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:right;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >109</font></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >109</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >65</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:64.5pt;text-align:left;border-color:Black;min-width:64.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:61.5pt;text-align:left;border-color:Black;min-width:61.5pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(1) - Reported within &quot;Other assets&quot; on MBIA&#39;s consolidated balance sheets. </font></td></tr><tr style='height:9.75pt;' ><td colspan='17' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:7.5pt;color:#000000;' >(2) - Reported within &quot;Other liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >able</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >rm</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >abou</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >ange</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >Le</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >l 3 </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >(</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ludi</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s)</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >iab</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >li</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ie</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >alu</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n a r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rr</font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >ba</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:547.5pt;text-align:center;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2015</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses) for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >for Assets</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:center;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:36pt;text-align:center;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Foreign governments</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >87</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(8)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >74</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >85</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(8)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >74</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >State and municipal</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  bonds</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets of</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >55</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >53</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >26</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >21</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td></tr><tr style='height:8.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable- </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:left;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  residential </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,431</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(56)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,372</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable- Other</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >108</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >108</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loan repurchase</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  commitments</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >379</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >385</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Currency</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;text-align:right;border-color:Black;min-width:31.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives, net</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:31.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total assets</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,097</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >112</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(68)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(16)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(11)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:31.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:31.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,122</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains)</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Liabilities</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:center;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Medium-term notes</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >197</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(22)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >180</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(17)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Credit derivatives, net</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >244</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >9</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(37)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(9)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >207</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(37)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >21</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities of</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >VIE notes</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >735</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >695</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(51)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,387</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >8</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total liabilities</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,200</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >9</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(27)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(22)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >695</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(60)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:23.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,795</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(49)</font></td></tr><tr style='height:12pt;' ><td colspan='14' rowspan='1' style='width:211.5pt;text-align:left;background-color:#FFFFFF;border-color:Black;min-width:211.5pt;' ><font style='font-family:Times New Roman;font-size:5pt;color:#000000;' >_______________</font></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:23.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:23.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:546.75pt;text-align:left;border-color:Black;min-width:546.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Transferred in and out at the end of the period.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:540.75pt;text-align:center;border-color:Black;min-width:540.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2014</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses) for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Assets</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:center;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Gains /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Foreign governments</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >7</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >48</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(19)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >30</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >29</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >29</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(5)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >82</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >33</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >115</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >58</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >85</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >State and municipal</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >bonds</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >19</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >44</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >62</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:17.25pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >11</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >15</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Assets of</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Corporate obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >48</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >17</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >64</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Residential mortgage-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  backed non-agency</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Commercial</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  mortgage-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >3</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Collateralized debt</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  obligations</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >22</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(2)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(3)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other asset-backed</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >54</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(12)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(4)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >42</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loans receivable</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,612</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(54)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,557</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Loan repurchase</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  commitments</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >359</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >364</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total assets</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,352</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(10)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >6</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(73)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(19)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >160</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(14)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,406</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >4</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Change in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains)</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >the Period</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included in</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings for</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Liabilities</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:center;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Exchange</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >still held</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance,</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Realized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Recognized</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Transfers</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:center;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >as of</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Beginning</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(Gains) /</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI or</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >into</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >out of</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Ending</font></td><td style='width:3pt;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >of Period</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:30.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:30.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >in OCI</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Earnings</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Issuances</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Settlements</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Sales</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:34.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Level 3</font><sup><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:27pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >Balance</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:6pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Medium-term notes</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >203</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >215</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >12</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Credit derivatives, net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,147</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >339</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(838)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(339)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >309</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(30)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Other</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  derivatives, net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >30</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >31</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Liabilities of </font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  consolidated VIEs:</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >VIE notes</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >940</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >18</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(105)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(41)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >812</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >16</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Currency derivatives,</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;text-align:right;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;text-align:right;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >  net</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >11</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >5</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(6)</font></td></tr><tr style='height:9pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >Total liabilities</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >2,301</font></td><td style='width:3.75pt;text-align:right;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:26.25pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >369</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(813)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(444)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(41)</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >1,372</font></td><td style='width:3pt;text-align:right;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(7)</font></td></tr><tr style='height:12pt;' ><td style='width:63.75pt;text-align:left;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >_______________</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:26.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:26.25pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:22.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:22.5pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:7.5pt;' ><td colspan='40' rowspan='1' style='width:544.5pt;text-align:left;border-color:Black;min-width:544.5pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Transferred in and out at the end of the period.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Transfers </font><font style='font-family:Times New Roman;font-size:10pt;' >out of Level 3 </font><font style='font-family:Times New Roman;font-size:10pt;' >and into Level 2 </font><font style='font-family:Times New Roman;font-size:10pt;' >were </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >11</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >There were no </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ransfers into Level 3 </font><font style='font-family:Times New Roman;font-size:10pt;' >or out of </font><font style='font-family:Times New Roman;font-size:10pt;' >L</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >vel 2</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > Other ABS</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >tate and municipal bonds</font><font style='font-family:Times New Roman;font-size:10pt;' >, comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their</font><font style='font-family:Times New Roman;font-size:10pt;' > valuation, became observable during the quarter. These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or ou</font><font style='font-family:Times New Roman;font-size:10pt;' >t of Level 1.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Transfers into and out of Level 3 were $</font><font style='font-family:Times New Roman;font-size:10pt;' >160</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. Transfers into and out of Level 2 were $</font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' > millio</font><font style='font-family:Times New Roman;font-size:10pt;' >n and $</font><font style='font-family:Times New Roman;font-size:10pt;' >160</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. Transfers</font><font style='font-family:Times New Roman;font-size:10pt;' > into Level 3</font><font style='font-family:Times New Roman;font-size:10pt;' > were principally </font><font style='font-family:Times New Roman;font-size:10pt;' >related to</font><font style='font-family:Times New Roman;font-size:10pt;' > state and municipal bonds, CDO</font><font style='font-family:Times New Roman;font-size:10pt;' >s, </font><font style='font-family:Times New Roman;font-size:10pt;' >RMBS agency, </font><font style='font-family:Times New Roman;font-size:10pt;' >other ABS and corporate obligations</font><font style='font-family:Times New Roman;font-size:10pt;' > where inputs, which are significant to their valuation, became </font><font style='font-family:Times New Roman;font-size:10pt;' >unobservable during the quarter.</font><font style='font-family:Times New Roman;font-size:10pt;' >  CDOs and </font><font style='font-family:Times New Roman;font-size:10pt;' >RMBS non-agency</font><font style='font-family:Times New Roman;font-size:10pt;' > comprised the majority of the transferred instruments out of Level 3 where inputs, which are significant to their v</font><font style='font-family:Times New Roman;font-size:10pt;' >aluation, became observable during the quarter. </font><font style='font-family:Times New Roman;font-size:10pt;' >These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or out </font><font style='font-family:Times New Roman;font-size:10pt;' >of Level 1</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >All Level 1, 2 and 3 designations are made at the end of each accounting period.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Gains and losses (realized and unrealized) included in earnings relat</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' > to Level 3 assets and liabilities for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > are reported on the Company&#8217;s consolidated statements of operations as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='5' rowspan='1' style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2015</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:156.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:156.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Change in </font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Change in </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Gains (Losses)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Gains (Losses)</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for the </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for the </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Period Included</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Period Included</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for Assets</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >for Assets</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >and </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Gains</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities still </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Total Gains</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities still </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >held as of </font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(Losses)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >held as of </font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31,</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Included</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td colspan='2' rowspan='1' style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:65.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >in Earnings</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:87pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' >Revenues:</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Unrealized gains (losses) on</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >37</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >37</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >838</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gains (losses) and other</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   settlements on insured derivatives</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(9)</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(369)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   at fair value and foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Revenues of consolidated VIEs:</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:center;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:center;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:center;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >   Net gains (losses) on financial instruments </font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;text-align:left;border-color:Black;min-width:60.75pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;text-align:left;border-color:Black;min-width:74.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;text-align:left;border-color:Black;min-width:57.75pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;text-align:left;border-color:Black;min-width:79.5pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     at fair value and foreign exchange</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:74.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(23)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:79.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:3.75pt;text-align:center;border-color:Black;min-width:3.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >61</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:57.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >433</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:79.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:79.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Fair Value Option</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company elected to record at fair value certain financial instruments that have been consolidated in connection with the adoption of the accounting guidance for consolidation </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >, among others.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the </font><font style='font-family:Times New Roman;font-size:10pt;' >changes in fair value included in the Company&#8217;s consolidated statements of operations for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >for </font><font style='font-family:Times New Roman;font-size:10pt;' >financial instruments for which the fair value option was elected:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='6' rowspan='1' style='width:170.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:170.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:74.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:74.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments carried at fair value</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity securities held at fair value- VIE</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(17)</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(38)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(58)</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(56)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loan repurchase commitments</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes </font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >89</font></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >121</font></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='2' rowspan='1' style='width:270.75pt;text-align:left;border-color:Black;min-width:270.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >_____________</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:10.5pt;text-align:right;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td><td style='width:11.25pt;text-align:right;border-color:Black;min-width:11.25pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Net gains (losses) of financial instruments at fair value and foreign exchange&quot; on MBIA&#39;s consolidated statements of operations.</font></td></tr><tr style='height:8.25pt;' ><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td colspan='11' rowspan='1' style='width:492.75pt;text-align:left;border-color:Black;min-width:492.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&quot; on MBIA&#39;s consolidated statements of operations.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >abl</font><font style='font-family:Times New Roman;font-size:10pt;' >e r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >ce </font><font style='font-family:Times New Roman;font-size:10pt;' >be</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >wee</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >ag</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ega</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ai</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >alu</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >gg</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ega</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >inin</font><font style='font-family:Times New Roman;font-size:10pt;' >g c</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >pa</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >bala</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >ou</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ndin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >loans and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >no</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wh</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ch</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >al</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >w</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >el</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ed:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='8' rowspan='1' style='width:143.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:143.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of March 31, 2015</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='7' rowspan='1' style='width:135.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of December 31, 2014</font></td></tr><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Contractual</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Contractual</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Principal</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Difference</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Principal</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Difference</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value:</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,478</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,320</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >158</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,554</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,377</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >177</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage loans (90 days or more past due)</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >220</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >168</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >227</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >54</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >173</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >108</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >721</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td></tr><tr style='height:12pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other loans (90 days or more past due)</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >70</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >70</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total loans receivable at fair value</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,876</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,480</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >396</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,502</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,142</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >360</font></td></tr><tr style='height:6.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,000</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,653</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,347</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,584</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,479</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,105</font></td></tr><tr style='height:6.75pt;' ><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:219pt;text-align:left;border-color:Black;min-width:219pt;' ></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:229.5pt;text-align:left;border-color:Black;min-width:229.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Medium-term notes</font></td><td style='width:12pt;text-align:left;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >215</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >180</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:12pt;text-align:right;border-color:Black;min-width:12pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:40.5pt;text-align:right;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >242</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:35.25pt;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >45</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >S</font><font style='font-family:Times New Roman;font-size:10pt;' >ub</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l g</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ns</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >ud</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ngs</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >dur</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ng</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >he p</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ds</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ns r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >VIE notes reported in the preceding table </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >bu</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >k. </font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >due </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >he h</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >gh</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >at</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >ppor</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ng</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >VIE notes</font><font style='font-family:Times New Roman;font-size:10pt;' >, r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ng</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >pr</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >pr</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ng</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13537-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13504-108611<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ERCCK">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Investments (Credit Ratings Of Asset-Backed And Mortgage-Backed Securities And Corporate Obligations In Available-For-Sale Investments For Which Fair Value Was Less Than Amortized Cost) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">$ 1,360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">$ 2,071</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember', window );">Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">156</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(34)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember', window );">Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">388</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">457</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(103)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember', window );">Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">1,001</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(145)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember', window );">Moody's Aaa [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember', window );">Moody's Aaa [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">358</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember', window );">Moody's Aaa [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">174</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember', window );">Moody's Aaa [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">574</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAaaRatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAaaRatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember', window );">Moodys Aa 1 Rating [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember', window );">Moodys Aa 1 Rating [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember', window );">Moodys Aa 1 Rating [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">121</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember', window );">Moodys Aa 1 Rating [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysAa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysAa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember', window );">Moody's A1 [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember', window );">Moody's A1 [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember', window );">Moody's A1 [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">129</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember', window );">Moody's A1 [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">132</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysA1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember', window );">Moody's Baa 1 Rating [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember', window );">Moody's Baa 1 Rating [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember', window );">Moody's Baa 1 Rating [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember', window );">Moody's Baa 1 Rating [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysBaa1RatingMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= us-gaap_MoodysBaa1RatingMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember', window );">Below Investment Grade [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">58</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(33)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember', window );">Below Investment Grade [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember', window );">Below Investment Grade [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember', window );">Below Investment Grade [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">75</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">(33)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_BelowInvestmentGradeMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember', window );">Not Rated [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="nump"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember', window );">Not Rated [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember', window );">Not Rated [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CorporateDebtSecuritiesMember]" onclick="toggleNextSibling(this);">(100)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_CorporateDebtSecuritiesMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember', window );">Not Rated [Member] | Total ABS MBS and Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule Of Available For Sale Securities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
        <td class="num"><a title="mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments[us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=mbi_AbsMbsCorporateObligationsMember]" onclick="toggleNextSibling(this);">$ (104)</a><span style="display:none;white-space:normal;text-align:left;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments<br>/ us-gaap_CreditRatingMoodysAxis<br>= mbi_NotRatedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= mbi_AbsMbsCorporateObligationsMember</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated pre-tax unrealized losses before deducting pre-tax unrealized gains on investments in available-for-sale securities impacting investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CreditRatingMoodysAxis=mbi_BelowInvestmentGradeMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CreditRatingMoodysAxis=mbi_NotRatedMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditRatingMoodysAxis=us-gaap_MoodysA1RatingMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Variable Interest Entities<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock', window );">Variable Interest Entities</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 4: Variable Interest Entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >international and structured finance insurance </font><font style='font-family:Times New Roman;font-size:10pt;' >segment, the Company provides credit protection to issuers of obligations that may involve issuer-sponsored special purpose entities </font><font style='font-family:Times New Roman;font-size:10pt;' >(&#8220;SPEs&#8221;). An SPE may be considered a VIE to the extent the SPE&#8217;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated financial support or its equity investors lack any one of the following char</font><font style='font-family:Times New Roman;font-size:10pt;' >acteristics</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font><font style='font-family:Times New Roman;font-size:10pt;' > (i) the power to direct the activities of the SPE that most significantly impact the entity&#8217;s economic performance or (ii) the obligation to absorb the expected losses of the entity or the right to receive the expected residual returns of the </font><font style='font-family:Times New Roman;font-size:10pt;' >entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest id</font><font style='font-family:Times New Roman;font-size:10pt;' >entifies the primary beneficiary as the variable interest holder that has both of the following characteristics</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font><font style='font-family:Times New Roman;font-size:10pt;' > (i) the power to direct the activities of the VIE that most significantly impact the entity&#8217;s economic performance and (ii) the obligation to a</font><font style='font-family:Times New Roman;font-size:10pt;' >bsorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required </font><font style='font-family:Times New Roman;font-size:10pt;' >to be performed based on any substantive changes in facts and circumstances involving the VIE and its variable interests.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial de</font><font style='font-family:Times New Roman;font-size:10pt;' >termination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a controlling financi</font><font style='font-family:Times New Roman;font-size:10pt;' >al interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company makes its determination for consolidation based on a qualitative assessment</font><font style='font-family:Times New Roman;font-size:10pt;' > of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligati</font><font style='font-family:Times New Roman;font-size:10pt;' >ons issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain continge</font><font style='font-family:Times New Roman;font-size:10pt;' >nt events, and these activities may be considered the activities of a VIE that most significantly impact the entity&#8217;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonpe</font><font style='font-family:Times New Roman;font-size:10pt;' >rformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic per</font><font style='font-family:Times New Roman;font-size:10pt;' >formance of the entity based on facts and circumstances, MBIA is deemed to have a controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financ</font><font style='font-family:Times New Roman;font-size:10pt;' >ial interest that may result in consolidation or deconsolidation of any VIE.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s advisory services segment </font><font style='font-family:Times New Roman;font-size:10pt;' >provide</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > asset management and advisory services to </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. During </font><font style='font-family:Times New Roman;font-size:10pt;' >2014, the Company consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >three </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > as the primary beneficiary, pursuant to this segment&#8217;s activities. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, 2014, the Company h</font><font style='font-family:Times New Roman;font-size:10pt;' >eld</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > of the subordinated notes</font><font style='font-family:Times New Roman;font-size:10pt;' > issued by one of the </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. The Company </font><font style='font-family:Times New Roman;font-size:10pt;' >ha</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > no obligation or commitment to provide </font><font style='font-family:Times New Roman;font-size:10pt;' >additional financial support or liquidity to </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >hese </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Effective January 1, 2015, </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company </font><font style='font-family:Times New Roman;font-size:10pt;' >completed the sale of</font><font style='font-family:Times New Roman;font-size:10pt;' > its Cutwater business and deconsolidated these </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. Refer to &#8220;Note 1: Business Developments and Risks and Uncertainties&#8221; for additional information about the sale of Cutwater. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >N</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >c</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >n</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >s</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >o</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >l</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >i</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >d</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >a</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >t</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >e</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >d</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >V</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >I</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Es</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Insurance</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >able</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' 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style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >ob</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >iga</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ion</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >na</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >re </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bl</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >non</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >ida</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ed </font><font style='font-family:Times New Roman;font-size:10pt;' >V</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >Es</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >el</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >gua</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ee</font><font style='font-family:Times New Roman;font-size:10pt;' >s,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >CD</font><font style='font-family:Times New Roman;font-size:10pt;' >S</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >liga</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >ue</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >by non</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >lida</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >V</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >Es</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='23' rowspan='1' style='width:417.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:417.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='8' rowspan='1' style='width:168pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:168pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Assets</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Liabilities</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:center;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Loss and Loss</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Maximum</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Adjustment</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Exposure</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premiums</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Expense</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Derivative</font></td></tr><tr style='height:9pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >to Loss</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Investments</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Receivable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(2)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Recoverable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(3)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Revenue</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(4)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Reserves</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(5)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(6)</font></sup></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance:</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global structured finance:</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,491</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,788</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >95</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >21</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >71</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed residential</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13,575</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,173</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >39</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >513</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >37</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >315</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed commercial</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >554</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >265</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Consumer asset-backed</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,856</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,916</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate asset-backed</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,403</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,319</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >37</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >43</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total global structured finance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >33,879</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18,461</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >107</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >113</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >519</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >112</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >396</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global public finance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >45,700</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15,595</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >166</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >200</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total insurance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >79,579</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >34,056</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >107</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >279</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >519</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >312</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >396</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >__________</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Investments&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Premiums receivable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Reported within &quot;Insurance loss recoverable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(4) - Reported within &quot;Unearned premium revenue&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(5) - Reported within &quot;Loss and loss adjustment expense reserves&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(6) - Reported within &quot;Derivative liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='23' rowspan='1' style='width:418.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:418.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:167.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:167.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Assets</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Liabilities</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Loss and Loss</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Maximum</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Adjustment</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Exposure</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premiums</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Expense</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Derivative</font></td></tr><tr style='height:9pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >to Loss</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Investments</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Receivable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(2)</font></sup></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Recoverable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(3)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Revenue</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(4)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Reserves</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(5)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(6)</font></sup></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance:</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global structured finance:</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8,613</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,623</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >110</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >70</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed residential</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14,136</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,459</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >518</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >39</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >307</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed commercial</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >571</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >279</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Consumer asset-backed</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,008</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,989</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate asset-backed</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,612</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,608</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >47</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total global structured finance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >35,940</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19,958</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >119</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >123</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >524</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >121</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >389</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global public finance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >49,686</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16,698</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >179</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >211</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total insurance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85,626</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >36,656</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >119</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >302</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >524</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >332</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >389</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:12.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >__________</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Investments&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Premiums receivable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Reported within &quot;Insurance loss recoverable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(4) - Reported within &quot;Unearned premium revenue&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(5) - Reported within &quot;Loss and loss adjustment expense reserves&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(6) - Reported within &quot;Derivative liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he maximum exposure to loss as a result of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > variable interests in </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > is represented by insurance in force. Insurance in force is the maximum future payments of princip</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >te</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >est</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >whic</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' > ma</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >be r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >qu</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ed </font><font style='font-family:Times New Roman;font-size:10pt;' >und</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >mmitment</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > ma</font><font style='font-family:Times New Roman;font-size:10pt;' >ke p</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >me</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' > i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >ur</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ob</font><font style='font-family:Times New Roman;font-size:10pt;' >li</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >atio</font><font style='font-family:Times New Roman;font-size:10pt;' >ns</font><font style='font-family:Times New Roman;font-size:10pt;' > iss</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >by</font><font style='font-family:Times New Roman;font-size:10pt;' > n</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >co</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >li</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >ate</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >V</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >E</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Consolidated </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >VIEs</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The carrying amounts of assets and liabilities of consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > were $</font><font style='font-family:Times New Roman;font-size:10pt;' >5.7</font><font style='font-family:Times New Roman;font-size:10pt;' > billion and $</font><font style='font-family:Times New Roman;font-size:10pt;' >5.5</font><font style='font-family:Times New Roman;font-size:10pt;' > billion, respectively, as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, and $5.</font><font style='font-family:Times New Roman;font-size:10pt;' >0 billion and $4.8 billion, respectively, as of December 31, 2014. The carrying amounts of assets and liabilities are presented separately in &#8220;Assets of consolidated variable interest entities&#8221; and &#8220;Liabilities of consolid</font><font style='font-family:Times New Roman;font-size:10pt;' >ated variable interest entities&#8221; o</font><font style='font-family:Times New Roman;font-size:10pt;' >n the Company&#8217;s consolidated balance sheets. The carrying amounts of assets and liabilities of consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > in the Company&#8217;s advisory services segment were $751 million and $754 million, respectively, as of December 31, 2014, and are presented separat</font><font style='font-family:Times New Roman;font-size:10pt;' >ely in &#8220;Assets held for sale&#8221; and &#8220;Liabilities held for sale&#8221; on the Company&#8217;s consolidated balance sheets. </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > are consolidated or deconsolidated based on an ongoing reassessment of controlling financial interest, when events occur or circumst</font><font style='font-family:Times New Roman;font-size:10pt;' >ances arise, and whether the ability to exercise rights that constitute power to direct activities of any </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > are present according to the design and characteristics of these entities. </font><font style='font-family:Times New Roman;font-size:10pt;' >One </font><font style='font-family:Times New Roman;font-size:10pt;' >additional </font><font style='font-family:Times New Roman;font-size:10pt;' >VIE was </font><font style='font-family:Times New Roman;font-size:10pt;' >consolidated during the</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and no additional </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > were consolidated during the three months ended March 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > The international and structured finance insurance segment had no realized gains or losses recorded for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and an immaterial amount of net realized gains recorded for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > related to the deconsolidation of </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Holders of insured obligations of issuer-sponsored </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > related to the Company&#8217;s international </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d structured finance </font><font style='font-family:Times New Roman;font-size:10pt;' >insurance segment do not have recourse to the general assets of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective</font><font style='font-family:Times New Roman;font-size:10pt;' > insured obligation only. The Company&#8217;s exposure to consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > is limited to the credit protection provided on insured obligations and any additional variable interests held by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5710-111685<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6759159-111685<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5747-111685<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5728-111685<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=SL6228884-111685<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Variable Interest Entity<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528138<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Loss and Loss Adjustment Expense Reserves<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock', window );">Loss and Loss Adjustment Expense Reserves</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 5: Loss and Loss Adjustment Expense Reserves</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Loss and Loss Adj</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >ustment Expense Process</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;margin-left:0pt;' >U.S. Public Finance</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;' > Insurance</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >U.S. public finance </font><font style='font-family:Times New Roman;font-size:10pt;' >insur</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' > transactions consist</font><font style='font-family:Times New Roman;font-size:10pt;' > of municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher </font><font style='font-family:Times New Roman;font-size:10pt;' >educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-</font><font style='font-family:Times New Roman;font-size:10pt;' >weighted scenarios that are customized to each insured transaction. Future loss estimates consider debt service due for each insured transaction, which includes par outstanding and interest due.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Comp</font><font style='font-family:Times New Roman;font-size:10pt;' >any established loss and loss adjustment expense (&#8220;LAE&#8221;) reserves totaling $</font><font style='font-family:Times New Roman;font-size:10pt;' >35</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >45</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, and insurance loss recoverable of $</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > million related to U.S. public finance issues. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Certain local go</font><font style='font-family:Times New Roman;font-size:10pt;' >vernments remain under financial and budgetary stress and </font><font style='font-family:Times New Roman;font-size:10pt;' >a few </font><font style='font-family:Times New Roman;font-size:10pt;' >have filed for protection under the United States Bankruptcy Code, or have entered into state statutory proceedings established to assist municipalities in managing through periods of severe f</font><font style='font-family:Times New Roman;font-size:10pt;' >iscal stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number </font><font style='font-family:Times New Roman;font-size:10pt;' >of the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >insured transactions. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company</font><font style='font-family:Times New Roman;font-size:10pt;' > monitor</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > and analyze</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > these situations closely</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >owever</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >the overall extent and duration of </font><font style='font-family:Times New Roman;font-size:10pt;' >such</font><font style='font-family:Times New Roman;font-size:10pt;' > events </font><font style='font-family:Times New Roman;font-size:10pt;' >are</font><font style='font-family:Times New Roman;font-size:10pt;' > uncertain</font><font style='font-family:Times New Roman;font-size:10pt;' > and the filing for protection under the United States Bankruptcy Code or entering state statutory proceedings does not result in a default or indicate that an ultimate loss will occur</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >As</font><font style='font-family:Times New Roman;font-size:10pt;' > of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company had $</font><font style='font-family:Times New Roman;font-size:10pt;' >92.5</font><font style='font-family:Times New Roman;font-size:10pt;' > billion and $</font><font style='font-family:Times New Roman;font-size:10pt;' >98.9</font><font style='font-family:Times New Roman;font-size:10pt;' > billion, respectively, of gross par outstanding on general obligations, of which $</font><font style='font-family:Times New Roman;font-size:10pt;' >83</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >152</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, were refle</font><font style='font-family:Times New Roman;font-size:10pt;' >cted on the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Classified List.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > Capital appreciation bonds </font><font style='font-family:Times New Roman;font-size:10pt;' >are reported at the par amount </font><font style='font-family:Times New Roman;font-size:10pt;' >at the time of </font><font style='font-family:Times New Roman;font-size:10pt;' >issuance of the insurance policy</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > Refer to &#8220;Note 6: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statemen</font><font style='font-family:Times New Roman;font-size:10pt;' >ts included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for additional information on the Company&#8217;s surveillance categories.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;margin-left:0pt;' >International</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;' > and Structured Finance Insurance </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >international and structured finance </font><font style='font-family:Times New Roman;font-size:10pt;' >insurance segment&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > case basis reserves and insurance loss recoveries recorded in accordance with GAAP do not include estimates for policies insuring credit derivatives</font><font style='font-family:Times New Roman;font-size:10pt;' > or losses and recoveries on financial guarantee </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > that are eliminated in consolidati</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >. Policies insuring credit derivative contracts are accounted for as derivatives and carried at fair value under GAAP. The fair values of insured derivative contracts are influenced by a variety of market and transaction-specific factors that may be unre</font><font style='font-family:Times New Roman;font-size:10pt;' >lated to potential future claim payments under the Company&#8217;s insurance policies. In the absence of credit impairments on insured derivative contracts or the early termination of such contracts at a loss, the cumulative unrealized losses recorded from these</font><font style='font-family:Times New Roman;font-size:10pt;' > contracts should reverse before or at the maturity of the contracts.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >RMBS Case Basis Reserves and Recoveries (Financial Guarantees)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s RMBS reserves and recoveries relate to financial guarantee insurance policies. The Company calculated RMBS ca</font><font style='font-family:Times New Roman;font-size:10pt;' >se basis reserves as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > for both second and first-lien RMBS transactions using a process called the &#8220;Roll Rate Methodology</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > The Roll Rate Methodology is a multi-step process using a database of loan level information, a proprietary in</font><font style='font-family:Times New Roman;font-size:10pt;' >ternal cash flow model, and a commercially available model to estimate </font><font style='font-family:Times New Roman;font-size:10pt;' >potential </font><font style='font-family:Times New Roman;font-size:10pt;' >losses </font><font style='font-family:Times New Roman;font-size:10pt;' >and recoveries </font><font style='font-family:Times New Roman;font-size:10pt;' >on insured bonds. &#8220;Roll Rate&#8221; is defined as the probability that current loans become delinquent and that loans in the delinquent pipeline are charged-of</font><font style='font-family:Times New Roman;font-size:10pt;' >f or liquidated. Generally, Roll Rates are calculated for the previous three months and averaged. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses (base case, stress case, and an additional stress cas</font><font style='font-family:Times New Roman;font-size:10pt;' >e).</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of</font><font style='font-family:Times New Roman;font-size:10pt;' > second-lien</font><font style='font-family:Times New Roman;font-size:10pt;' > loans that are expected to be charged-off (deemed uncollectible by servicers of the transactions) or </font><font style='font-family:Times New Roman;font-size:10pt;' >first-lien loans </font><font style='font-family:Times New Roman;font-size:10pt;' >liquidated in the </font><font style='font-family:Times New Roman;font-size:10pt;' >future. </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer </font><font style='font-family:Times New Roman;font-size:10pt;' >to</font><font style='font-family:Times New Roman;font-size:10pt;' > &#8220;Note</font><font style='font-family:Times New Roman;font-size:10pt;' > 6: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2014, for additional information on the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >second and first-l</font><font style='font-family:Times New Roman;font-size:10pt;' >ien Roll Rate Methodology</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >  </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Second-lien RMBS Reserves</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s second-lien RMBS case basis reserves as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > relate to RMBS backed by home e</font><font style='font-family:Times New Roman;font-size:10pt;' >quity lines of credit (&#8220;HELOC&#8221;) </font><font style='font-family:Times New Roman;font-size:10pt;' >and closed-end second mortgages (&#8220;CES&#8221;).</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company established loss and LAE reserves totaling $</font><font style='font-family:Times New Roman;font-size:10pt;' >71</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >70</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, related to second-lien RMBS issues after the elimination of $</font><font style='font-family:Times New Roman;font-size:10pt;' >29</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >21</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >million, respectively, as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company monitors portfolio performance on a monthly basis against projected performance, reviewing delinquencies, Roll Rates, and prepayment rates (including voluntary and involuntary). However</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >loan </font><font style='font-family:Times New Roman;font-size:10pt;' >performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly. </font><font style='font-family:Times New Roman;font-size:10pt;' >If actual</font><font style='font-family:Times New Roman;font-size:10pt;' > performance were to remain at the current levels for six additional </font><font style='font-family:Times New Roman;font-size:10pt;' >month</font><font style='font-family:Times New Roman;font-size:10pt;' >s compared to the pro</font><font style='font-family:Times New Roman;font-size:10pt;' >bability-weighted</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >outcome</font><font style='font-family:Times New Roman;font-size:10pt;' > currently used by the Company, t</font><font style='font-family:Times New Roman;font-size:10pt;' >he addition to the case basis reserves</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >would be approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >40</font><font style='font-family:Times New Roman;font-size:10pt;' > million.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Second-lien R</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >MBS Recoveries</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company primarily records two types of recoveries related to insured second-lien RMBS exposures: &#8220;put-back&#8221; claims related to those mortgage loans whose inclusion in insured securitizations failed to comply with representations and warra</font><font style='font-family:Times New Roman;font-size:10pt;' >nties (&#8220;ineligible loans&#8221;) and excess spread that is generated from performing loans in the insured transactions.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Excess Spread</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company recorded estimated recoveries of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >502</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >523</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, for the </font><font style='font-family:Times New Roman;font-size:10pt;' >reimbursement of past and future expected claims through excess spread in </font><font style='font-family:Times New Roman;font-size:10pt;' >insured second-lien RMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > transactions</font><font style='font-family:Times New Roman;font-size:10pt;' > after the elimination of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >124</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >137</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively</font><font style='font-family:Times New Roman;font-size:10pt;' >, as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, $</font><font style='font-family:Times New Roman;font-size:10pt;' >488</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' > million were </font><font style='font-family:Times New Roman;font-size:10pt;' >included in &#8220;Insurance loss recoverable&#8221; and &#8220;Loss and loss adjustment expense reserves&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > on the Company&#8217;s consolidated balance sheets, respectively, after th</font><font style='font-family:Times New Roman;font-size:10pt;' >e elimination of $</font><font style='font-family:Times New Roman;font-size:10pt;' >122</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million in &#8220;Insurance loss recoverable&#8221; and in &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Loss and loss adjustment expense reserves</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;, respectively, as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, $</font><font style='font-family:Times New Roman;font-size:10pt;' >496</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >27</font><font style='font-family:Times New Roman;font-size:10pt;' > million were included in &#8220;Ins</font><font style='font-family:Times New Roman;font-size:10pt;' >urance loss recoverable&#8221; and &#8220;Loss and loss adjustment expense reserves&#8221; on the Company&#8217;s consolidated balance sheets, respectively, after the elimination of $</font><font style='font-family:Times New Roman;font-size:10pt;' >132</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Excess spread is </font><font style='font-family:Times New Roman;font-size:10pt;' >generated by performing loans within insured second-lien RMBS securitizations and is the difference between interest inflows on mortgage loan collateral and interest outflows on insured beneficial interests. The amount of excess spread depends on the futur</font><font style='font-family:Times New Roman;font-size:10pt;' >e loss trends (which include future delinquency trends, average time to charge-off delinquent loans, and the availability of pool mortgage insurance), the future spread between Prime and London Interbank Offered Rate (&#8220;LIBOR&#8221;) interest rates; and borrower </font><font style='font-family:Times New Roman;font-size:10pt;' >refinancing behavior which results in voluntary prepayments. Minor deviations in loss trends and voluntary prepayments may substantially impact the amounts collected from excess spread. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Ineligible Mortgage Loans</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >To date, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >has </font><font style='font-family:Times New Roman;font-size:10pt;' >settled the majority of t</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >put-back claims</font><font style='font-family:Times New Roman;font-size:10pt;' >. Only its claims against Credit Suisse remain outstanding. Settlement amounts have been </font><font style='font-family:Times New Roman;font-size:10pt;' >consistent with </font><font style='font-family:Times New Roman;font-size:10pt;' >the </font><font style='font-family:Times New Roman;font-size:10pt;' >put-back recoveries previously included in the Company&#8217;s financial statements.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The contract claim remaining with Credi</font><font style='font-family:Times New Roman;font-size:10pt;' >t Suisse is related to the inclusion of ineligible mortgage loans in the 2007-2 Home Equity Mortgage Trust securitization. Credit Suisse has challenged the Company&#8217;s assessment of the ineligibility of individual mortgage loans and the dispute is the subjec</font><font style='font-family:Times New Roman;font-size:10pt;' >t of litigation for which there is no assurance that the Company will prevail. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company recorded estimated recoveries</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of $</font><font style='font-family:Times New Roman;font-size:10pt;' >385</font><font style='font-family:Times New Roman;font-size:10pt;' > m</font><font style='font-family:Times New Roman;font-size:10pt;' >illion </font><font style='font-family:Times New Roman;font-size:10pt;' >and $</font><font style='font-family:Times New Roman;font-size:10pt;' >379</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, </font><font style='font-family:Times New Roman;font-size:10pt;' >related to </font><font style='font-family:Times New Roman;font-size:10pt;' >its Cred</font><font style='font-family:Times New Roman;font-size:10pt;' >it Suisse </font><font style='font-family:Times New Roman;font-size:10pt;' >put-back claims</font><font style='font-family:Times New Roman;font-size:10pt;' >, reflected</font><font style='font-family:Times New Roman;font-size:10pt;' > in &#8220;Loan repurchase commitments&#8221; presented under the heading &#8220;Assets of consolidated variable interest entities&#8221; on the Company&#8217;s consolidated balance sheets. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Based on the Company&#8217;s assessment of the strength of its contractual put-back rights </font><font style='font-family:Times New Roman;font-size:10pt;' >against </font><font style='font-family:Times New Roman;font-size:10pt;' >Credit Suisse, which it is pursuing through litigation claims, as well as on its prior settlements with other sellers/servicers and success of other </font><font style='font-family:Times New Roman;font-size:10pt;' >monolines</font><font style='font-family:Times New Roman;font-size:10pt;' > in l</font><font style='font-family:Times New Roman;font-size:10pt;' >itigation against other sellers/servicers, the Company believes it will prevail in enforcing its contractual rights and that it is entitled to collect the full amount of its incurred losses, which totaled $</font><font style='font-family:Times New Roman;font-size:10pt;' >418</font><font style='font-family:Times New Roman;font-size:10pt;' > million through </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. The Comp</font><font style='font-family:Times New Roman;font-size:10pt;' >any is also entitled to collect interest on amounts paid; it believes that in context of its put-back litigation, the appropriate rate should be the New York State statutory rate. </font><font style='font-family:Times New Roman;font-size:10pt;' >However, the Company currently calculates its put-back recoveries using the </font><font style='font-family:Times New Roman;font-size:10pt;' >contractual interest rate, which is lower than the New York State statutory rate.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Notwithstanding the foregoing, u</font><font style='font-family:Times New Roman;font-size:10pt;' >ncertainty </font><font style='font-family:Times New Roman;font-size:10pt;' >remains </font><font style='font-family:Times New Roman;font-size:10pt;' >with respect to the ultimate outcome</font><font style='font-family:Times New Roman;font-size:10pt;' > of the litigation with Credit Suisse, which is contemplated in the scenario based-mode</font><font style='font-family:Times New Roman;font-size:10pt;' >ling the Company uses. The Credit Suisse recovery scenarios are based on the amount of incurred losses measured against certain probabilities of ultimate resolution of the dispute with Credit Suisse. Most of the probability weight is assigned to partial re</font><font style='font-family:Times New Roman;font-size:10pt;' >covery scenarios and a</font><font style='font-family:Times New Roman;font-size:10pt;' >re discounted using the current risk-free discount rates associated with the underlying transaction&#8217;s cash flows</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company continues to consider all relevant facts and circumstances</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in developing its assumptions on expected cash i</font><font style='font-family:Times New Roman;font-size:10pt;' >nflows, probability of potential recoveries (including the outcome of litigation) and recovery period. The estimated amount and likelihood of potential recoveries are expected to be revised and supplemented to the extent there are developments in the pendi</font><font style='font-family:Times New Roman;font-size:10pt;' >ng litigation and/or changes to the financial condition of Credit Suisse. While the Company believes it will be successful in realizing </font><font style='font-family:Times New Roman;font-size:10pt;' >its </font><font style='font-family:Times New Roman;font-size:10pt;' >recoveries from</font><font style='font-family:Times New Roman;font-size:10pt;' > its</font><font style='font-family:Times New Roman;font-size:10pt;' > contract claims</font><font style='font-family:Times New Roman;font-size:10pt;' > against Credit Suisse</font><font style='font-family:Times New Roman;font-size:10pt;' >, the ultimate amounts recovered may be materially differen</font><font style='font-family:Times New Roman;font-size:10pt;' >t from those recorded by the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company given the inherent uncertainty of the manner of resolving the claims (e.g., litigation) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and othe</font><font style='font-family:Times New Roman;font-size:10pt;' >r information that are not easily corroborated by historical data or other relevant benchmarks.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >First-lien RMBS Reserves</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s first-lien RMBS case basis reserves as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, which primarily relate to RMBS backed by </font><font style='font-family:Times New Roman;font-size:10pt;' >alternative A-pa</font><font style='font-family:Times New Roman;font-size:10pt;' >per </font><font style='font-family:Times New Roman;font-size:10pt;' >and subprime mortgage loans</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > were determined using the Roll Ra</font><font style='font-family:Times New Roman;font-size:10pt;' >te Methodology. </font><font style='font-family:Times New Roman;font-size:10pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company established loss and LAE reserves totaling $</font><font style='font-family:Times New Roman;font-size:10pt;' >267</font><font style='font-family:Times New Roman;font-size:10pt;' > million related to first-lien RMBS issues after the elimination of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' > million as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company established loss and LAE reserves totaling $</font><font style='font-family:Times New Roman;font-size:10pt;' >263</font><font style='font-family:Times New Roman;font-size:10pt;' > million related to first-lien RMBS issues. </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' > Reserves</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has established loss and LAE</font><font style='font-family:Times New Roman;font-size:10pt;' > reserves on certain transactions within its collateralized debt obligation (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;) portfolio, including its multi-sector </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' >, commercial mortgage-backed securities (&#8220;CMBS&#8221;), and high-yield corporate </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > asset classes. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > insured  multi-sector CDOs are</font><font style='font-family:Times New Roman;font-size:10pt;' > transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes but are not limited to RMBS related collateral, </font><font style='font-family:Times New Roman;font-size:10pt;' >multi-sector and corporate </font><font style='font-family:Times New Roman;font-size:10pt;' >CDOs</font><font style='font-family:Times New Roman;font-size:10pt;' >)</font><font style='font-family:Times New Roman;font-size:10pt;' >. These transactions were insured as either financia</font><font style='font-family:Times New Roman;font-size:10pt;' >l guarantee insurance policies or credit derivatives with the majority currently insured in the form of financial guarantees.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > insured C</font><font style='font-family:Times New Roman;font-size:10pt;' >MBS</font><font style='font-family:Times New Roman;font-size:10pt;' > transactions comprise structured CMBS pools</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >commercial real estate (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >CRE</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > CDOs. The majority of this portfolio is accounted for as insured credit derivatives and carried at fair value in the Company&#8217;s consolidated financial statements.</font><font style='font-family:Times New Roman;font-size:10pt;' > Refer to &#8220;Note </font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' >: Derivative Instruments&#8221; for a further discussion of the Company&#8217;s use of de</font><font style='font-family:Times New Roman;font-size:10pt;' >rivatives and their impact on the Company&#8217;s consolidated financial statements.</font><font style='font-family:Times New Roman;font-size:10pt;' > Since the Company&#8217;s insured credit derivatives have similar terms, conditions, risks, and economic profiles to its financial guarantee insurance policies, the Company evaluates </font><font style='font-family:Times New Roman;font-size:10pt;' >them for impairment in the same way that it estimates loss and LAE for its financial guarantee policies.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > high yield corporate </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > portfolio c</font><font style='font-family:Times New Roman;font-size:10pt;' >omprises middle-market/special-</font><font style='font-family:Times New Roman;font-size:10pt;' >opportunity corporate loan transactions. These transactions were insured as f</font><font style='font-family:Times New Roman;font-size:10pt;' >inancial guarantee insurance policies.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following discussion provides information about the Company&#8217;s process for estimating reserves and credit impairments on these policies, determined as the present value of the probability-weighted potential future </font><font style='font-family:Times New Roman;font-size:10pt;' >losses, net of estimated recoveries, across multiple scenarios.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company considers several factors when developing the range of potential outcomes and their impact on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >. The following approaches require substantial judgments about the future performa</font><font style='font-family:Times New Roman;font-size:10pt;' >nce of each transaction: </font></p><ul><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >Each transaction is evaluated for its commutation potential, which is customized by counterparty and considers historical commutation prices, the level of dialogue with the counterparty and the credit quality and payment profile o</font><font style='font-family:Times New Roman;font-size:10pt;' >f the underlying exposure.</font></li><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:4.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;' >A range of loss scenarios is considered under different default and severity rates for each transaction&#8217;s collateral.</font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The loss</font><font style='font-family:Times New Roman;font-size:10pt;' >es</font><font style='font-family:Times New Roman;font-size:10pt;' > projected by these approaches vary widely. Actual losses will be a function of the proportion of collateral in the pools that default and the loss severities associated with those defaults.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >oss and LAE reserves were $</font><font style='font-family:Times New Roman;font-size:10pt;' >113</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >111</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, related to</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >the total </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > financial guarantee insurance </font><font style='font-family:Times New Roman;font-size:10pt;' >portfolio</font><font style='font-family:Times New Roman;font-size:10pt;' > after the elimination of $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' >33</font><font style='font-family:Times New Roman;font-size:10pt;' > million </font><font style='font-family:Times New Roman;font-size:10pt;' >and $</font><font style='font-family:Times New Roman;font-size:10pt;' >225</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively, as a result of consolidating</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. For the </font><font style='font-family:Times New Roman;font-size:10pt;' >thr</font><font style='font-family:Times New Roman;font-size:10pt;' >ee months </font><font style='font-family:Times New Roman;font-size:10pt;' >ended </font><font style='font-family:Times New Roman;font-size:10pt;' >March </font><font style='font-family:Times New Roman;font-size:10pt;' >31, 201</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company </font><font style='font-family:Times New Roman;font-size:10pt;' >incurred $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million </font><font style='font-family:Times New Roman;font-size:10pt;' >of losses and LAE recorded in earnings related to the total </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > financial guarantee insurance </font><font style='font-family:Times New Roman;font-size:10pt;' >portfolio</font><font style='font-family:Times New Roman;font-size:10pt;' > after the elimination of a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' > million </font><font style='font-family:Times New Roman;font-size:10pt;' >expense </font><font style='font-family:Times New Roman;font-size:10pt;' >as a result of consolidating </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' >. In the</font><font style='font-family:Times New Roman;font-size:10pt;' > event of further deteriorating performance of the collateral referenced or held in</font><font style='font-family:Times New Roman;font-size:10pt;' > the</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >total </font><font style='font-family:Times New Roman;font-size:10pt;' >CDO</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >portfolio</font><font style='font-family:Times New Roman;font-size:10pt;' >, the amount of losses estimated by the Company could increase </font><font style='font-family:Times New Roman;font-size:10pt;' >substant</font><font style='font-family:Times New Roman;font-size:10pt;' >ially.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Loss and LAE Activity</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Financial Guarantee Insurance Losses (</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >Excluding </font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >Derivative</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' > and Consolidated </font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s financial guarantee insurance losses and LAE</font><font style='font-family:Times New Roman;font-size:10pt;' >, net of reinsurance </font><font style='font-family:Times New Roman;font-size:10pt;' >for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and 2014 </font><font style='font-family:Times New Roman;font-size:10pt;' >are presented in the following table:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='5' rowspan='1' style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:172.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, </font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Public Finance Insurance Segment</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(14)</font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:6pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >International and Structured Finance Insurance Segment:</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Second-lien RMBS</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >25</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >First-lien RMBS</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Losses and LAE expense (benefit)</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >50</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' ><font style='font-family:Times New Roman;font-size:5pt;color:#000000;' >________________</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The decrease </font><font style='font-family:Times New Roman;font-size:10pt;' >in losses and LAE expense</font><font style='font-family:Times New Roman;font-size:10pt;' > f</font><font style='font-family:Times New Roman;font-size:10pt;' >or </font><font style='font-family:Times New Roman;font-size:10pt;' >the three months ended March 31, 2015 com</font><font style='font-family:Times New Roman;font-size:10pt;' >pa</font><font style='font-family:Times New Roman;font-size:10pt;' >red with</font><font style='font-family:Times New Roman;font-size:10pt;' > the same period of </font><font style='font-family:Times New Roman;font-size:10pt;' >201</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > primarily related to </font><font style='font-family:Times New Roman;font-size:10pt;' >de</font><font style='font-family:Times New Roman;font-size:10pt;' >creases </font><font style='font-family:Times New Roman;font-size:10pt;' >in expected payments and increases in expected recoveries on</font><font style='font-family:Times New Roman;font-size:10pt;' > insured first</font><font style='font-family:Times New Roman;font-size:10pt;' > and second-</font><font style='font-family:Times New Roman;font-size:10pt;' >lien RMBS securitizations. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Costs associated with remediating insured obligations assigned to the Company&#8217;s surveillance categories are recorded as LAE and included in &#8220;Losses and loss adjustment&#8221; expenses on the Company&#8217;s consolidated statements of operat</font><font style='font-family:Times New Roman;font-size:10pt;' >ions. For the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, gross LAE related to remediating insured obligations were a </font><font style='font-family:Times New Roman;font-size:10pt;' >benefit of</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;' > million and</font><font style='font-family:Times New Roman;font-size:10pt;' > an expense of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > million, respectively. Decreases in LAE are due to lower litigation expenses as </font><font style='font-family:Times New Roman;font-size:10pt;' >a result of settlements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >abl</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >ide</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >rm</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bou</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >nan</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >gu</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d r</font><font style='font-family:Times New Roman;font-size:10pt;' >el</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d c</font><font style='font-family:Times New Roman;font-size:10pt;' >la</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >li</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bili</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >lude</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >ea</font><font style='font-family:Times New Roman;font-size:10pt;' >ch </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >M</font><font style='font-family:Times New Roman;font-size:10pt;' >B</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rv</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >llan</font><font style='font-family:Times New Roman;font-size:10pt;' >ce c</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ego</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ie</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Surveillance Categories</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Classified</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Low</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Medium</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >High</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of policies</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >102</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >172</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >310</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of issues</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >119</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >145</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Remaining weighted average contract </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >period (in years)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6.8</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12.1</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9.4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6.9</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.6</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross insured contractual payments </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >outstanding:</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Principal</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,573</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,375</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >156</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,780</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,884</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >593</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >822</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,876</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,371</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,166</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,197</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >236</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,656</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,255</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Claim Liability</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >791</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >791</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less:</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Potential Recoveries</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Discount, net</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >96</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >96</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net claim liability (recoverable)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Unearned premium revenue</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >60</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >158</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries. </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >abl</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >ide</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >rm</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bou</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >nan</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ia</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >gu</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d r</font><font style='font-family:Times New Roman;font-size:10pt;' >el</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d c</font><font style='font-family:Times New Roman;font-size:10pt;' >la</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >li</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bili</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >lude</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >ea</font><font style='font-family:Times New Roman;font-size:10pt;' >ch </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >M</font><font style='font-family:Times New Roman;font-size:10pt;' >B</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rv</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >llan</font><font style='font-family:Times New Roman;font-size:10pt;' >ce c</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ego</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ie</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Surveillance Categories</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Classified</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Low</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Medium</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >High</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of policies</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >98</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >315</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of issues</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >119</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >147</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Remaining weighted average contract </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >period (in years)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.2</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12.0</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10.1</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.0</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.7</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross insured contractual payments </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >outstanding:</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Principal</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,757</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >133</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,001</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11,263</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >696</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >819</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >68</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,037</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,620</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,453</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,191</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >201</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11,038</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,883</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Claim Liability</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >850</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >850</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less:</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Potential Recoveries</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >860</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >860</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Discount, net</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net claim liability (recoverable)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Unearned premium revenue</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >167</font></td></tr><tr style='height:12pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The gross claim liability in the preceding tables represents the Company&#8217;s estimate of undiscounted probability-weighted future claim payments</font><font style='font-family:Times New Roman;font-size:10pt;' >. A</font><font style='font-family:Times New Roman;font-size:10pt;' >s of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >the gross claim liability primarily related to insured first and second-lien RMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > issues, high yield corporate CDOs and an international road transaction.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The gross potent</font><font style='font-family:Times New Roman;font-size:10pt;' >ial recoveries</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >represent the Company&#8217;s estimate of undiscounted probability-weighted recoveries of actual claim payments and recoveries of estimated future claim payments</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the gross potential recoveries </font><font style='font-family:Times New Roman;font-size:10pt;' >principally relate</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > to insured second-lien RMBS </font><font style='font-family:Times New Roman;font-size:10pt;' >and U.S. public finance issues</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company&#8217;s recoveries have been, and remain based on either salvage rights, the rights conferred to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > through the transactional documents (inclusive of the insurance agre</font><font style='font-family:Times New Roman;font-size:10pt;' >ement), or subrogation rights embedded within financial guarantee insurance policies. Expected salvage and subrogation recoveries, as well as recoveries from other remediation efforts, reduce the Company&#8217;s claim liability. Once a claim payment has been mad</font><font style='font-family:Times New Roman;font-size:10pt;' >e, the claim liability has been satisfied and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > right to recovery is no longer considered an offset to future expected claim payments, it is recorded as a salvage asset. The amount of recoveries recorded by the Company is limited to paid claims plus t</font><font style='font-family:Times New Roman;font-size:10pt;' >he present value of projected future claim payments. As claim payments are made, the recorded amount of potential recoveries may exceed the remaining amount of the claim liability for a given policy.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The gross claim liability and gross potential recoveries</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >reflect the elimination of claim liabilities and potential recoveries related to </font><font style='font-family:Times New Roman;font-size:10pt;' >VIEs</font><font style='font-family:Times New Roman;font-size:10pt;' > consolidated by the Company.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the components of the Company&#8217;s loss and LAE reserves and insurance loss recoverable as reported on the Company</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;s consolidated balance sheets as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > for insured obligations within </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > &#8220;Classified List</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; The loss reserves (claim liability) and insurance claim loss recoverable included in the following table represent t</font><font style='font-family:Times New Roman;font-size:10pt;' >he present value of the probability-weighted future claim payments and recoveries reported in the preceding tables.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td><td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loss reserves (claim liability)</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >464</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >464</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loss and LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >499</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >506</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insurance claim loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(527)</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(533)</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >LAE insurance loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insurance loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(527)</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(533)</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on unpaid losses</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on unpaid LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on paid and unpaid losses</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, loss and LAE reserves include $</font><font style='font-family:Times New Roman;font-size:10pt;' >609</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >illion</font><font style='font-family:Times New Roman;font-size:10pt;' > of reserves for expected future payments</font><font style='font-family:Times New Roman;font-size:10pt;' >, partially</font><font style='font-family:Times New Roman;font-size:10pt;' > offset by expected recoveries of such future payments of $</font><font style='font-family:Times New Roman;font-size:10pt;' >110</font><font style='font-family:Times New Roman;font-size:10pt;' > million. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, loss</font><font style='font-family:Times New Roman;font-size:10pt;' > and LAE reserves include</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >653</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >illion</font><font style='font-family:Times New Roman;font-size:10pt;' > of reserves for expected future payments</font><font style='font-family:Times New Roman;font-size:10pt;' >, partially</font><font style='font-family:Times New Roman;font-size:10pt;' > offset by expected recoveries of such future payments of $</font><font style='font-family:Times New Roman;font-size:10pt;' >147</font><font style='font-family:Times New Roman;font-size:10pt;' > million. </font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > the insura</font><font style='font-family:Times New Roman;font-size:10pt;' >nce loss recoverable </font><font style='font-family:Times New Roman;font-size:10pt;' >primarily </font><font style='font-family:Times New Roman;font-size:10pt;' >related to expected future recoveries on second-lien RMBS transactions resulting from excess spread generated by performing loans in such </font><font style='font-family:Times New Roman;font-size:10pt;' >transactions</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >decrease in </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ns</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rance loss recoverable </font><font style='font-family:Times New Roman;font-size:10pt;' >was</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >primarily due to decreases</font><font style='font-family:Times New Roman;font-size:10pt;' > in projected collections from excess spread within insured second-lien RMBS securitizations.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents changes in the Company&#8217;s loss and LAE reserves for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. Changes in </font><font style='font-family:Times New Roman;font-size:10pt;' >loss and LAE</font><font style='font-family:Times New Roman;font-size:10pt;' > reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in </font><font style='font-family:Times New Roman;font-size:10pt;' >amount and </font><font style='font-family:Times New Roman;font-size:10pt;' >timing</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of estimated payments and recoveries, changes in assumptions and changes in LAE reserves are recorded in &#8220;Losses and loss adjus</font><font style='font-family:Times New Roman;font-size:10pt;' >tment&#8221; expenses in the Company&#8217;s consolidated statements of operations. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the weighted average risk-free rate used to discount the Company&#8217;s loss reserves (claim liability) was </font><font style='font-family:Times New Roman;font-size:10pt;' >1.49</font><font style='font-family:Times New Roman;font-size:10pt;' >%. LAE reserves are</font><font style='font-family:Times New Roman;font-size:10pt;' > generally</font><font style='font-family:Times New Roman;font-size:10pt;' > expected to </font><font style='font-family:Times New Roman;font-size:10pt;' >be settled within a one-year period and are not discounted.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='20' rowspan='1' style='width:354pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:354pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Gross Loss</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:32.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Gross Loss</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >and LAE</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Payments</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Accretion</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >and LAE</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves as of</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for Cases</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >of Claim</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves as of</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >with</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Liability</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >LAE</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Rates</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Assumptions</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Revenue</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1)</font></sup></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >506</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(11)</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:32.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >8</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >499</font></td></tr><tr style='height:12pt;' ><td colspan='26' rowspan='1' style='width:489.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:489.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >____________</font></td></tr><tr style='height:13.5pt;' ><td colspan='26' rowspan='1' style='width:489.75pt;text-align:left;border-color:Black;min-width:489.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Primarily changes in amount and timing of payments.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The</font><font style='font-family:Times New Roman;font-size:10pt;' > decrease </font><font style='font-family:Times New Roman;font-size:10pt;' >in the Company&#8217;s gross loss and LAE reserves reflected in the preceding table was primarily </font><font style='font-family:Times New Roman;font-size:10pt;' >related to loss payments</font><font style='font-family:Times New Roman;font-size:10pt;' > and changes</font><font style='font-family:Times New Roman;font-size:10pt;' > in amount and timing of payments</font><font style='font-family:Times New Roman;font-size:10pt;' > on insured first and second-lien RMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > issues</font><font style='font-family:Times New Roman;font-size:10pt;' > and</font><font style='font-family:Times New Roman;font-size:10pt;' > decreases in reserves due to changes in discount rates on</font><font style='font-family:Times New Roman;font-size:10pt;' > U.S. public finance issues</font><font style='font-family:Times New Roman;font-size:10pt;' >. These were</font><font style='font-family:Times New Roman;font-size:10pt;' > partially offset by</font><font style='font-family:Times New Roman;font-size:10pt;' > changes in assumptions and </font><font style='font-family:Times New Roman;font-size:10pt;' >increases in reserves due to changes in discount rates on</font><font style='font-family:Times New Roman;font-size:10pt;' > insured first and second-lien RMBS issues</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >rr</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >pe</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ch</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nge</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >th</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >pan</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8217;</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >est</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >mat</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >tent</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ma</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >be</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >de</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >oss </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >ove</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >bl</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >as</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >et</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >net</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >ain</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >th</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >os</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >L</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' >E</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >se</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >abi</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >or </font><font style='font-family:Times New Roman;font-size:10pt;' >bo</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The following table</font><font style='font-family:Times New Roman;font-size:10pt;' > present</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > ch</font><font style='font-family:Times New Roman;font-size:10pt;' >anges in the Company&#8217;s insurance loss recoverable and changes in recoveries on unpaid losses reported within the Company&#8217;s claim liability for the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >. Changes in insurance loss recoverable attributable to the a</font><font style='font-family:Times New Roman;font-size:10pt;' >ccretion of the discount on the recoverable, changes in discount rates, changes in </font><font style='font-family:Times New Roman;font-size:10pt;' >amount and </font><font style='font-family:Times New Roman;font-size:10pt;' >timing</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >of estimated collections, changes in assumptions and changes in LAE recoveries are recorded in &#8220;Losses and loss adjustment&#8221; expenses in the Company&#8217;s conso</font><font style='font-family:Times New Roman;font-size:10pt;' >lidated statements of operations.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:8.25pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='17' rowspan='1' style='width:291.75pt;text-align:center;border-color:Black;min-width:291.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='17' rowspan='1' style='width:291.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:291.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for the Three Months Ended March 31, 2015</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Collections</font></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:36pt;' ></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for Cases</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Accretion</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >As of</font></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >with</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >of</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >LAE</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Rates</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Assumptions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1)</font></sup></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance loss</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >recoverable</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >533</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36.75pt;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >527</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recoveries on unpaid </font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;text-align:left;border-color:Black;min-width:36.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >losses</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >147</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >110</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >680</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(26)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >637</font></td></tr><tr style='height:13.5pt;' ><td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >____________</font></td></tr><tr style='height:12pt;' ><td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) Primarily changes in amount and timing of collections.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Th</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >decrease in the </font><font style='font-family:Times New Roman;font-size:10pt;' >C</font><font style='font-family:Times New Roman;font-size:10pt;' >ompan</font><font style='font-family:Times New Roman;font-size:10pt;' >y&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >uran</font><font style='font-family:Times New Roman;font-size:10pt;' >ce</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' > re</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >overabl</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and recoveries on unpaid losses </font><font style='font-family:Times New Roman;font-size:10pt;' >durin</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >was </font><font style='font-family:Times New Roman;font-size:10pt;' >pr</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >mar</font><font style='font-family:Times New Roman;font-size:10pt;' >ily</font><font style='font-family:Times New Roman;font-size:10pt;' > du</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >to</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >collections </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ci</font><font style='font-family:Times New Roman;font-size:10pt;' >ate</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > with</font><font style='font-family:Times New Roman;font-size:10pt;' > first and second-lien RMBS</font><font style='font-family:Times New Roman;font-size:10pt;' > i</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >ue</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > out</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >tandin</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and changes in assumptions on an international road transaction</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 13<br><br> -Article 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482852&amp;loc=d3e14931-158439<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14754-158437<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.13(a)(1),(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Investments<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesTextBlock', window );">Investments</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 7: Investments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Investments, excluding those elected under the fair value option, include debt and equity securities classified as either </font><font style='font-family:Times New Roman;font-size:10pt;' >available-for-sale (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >AFS</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' > or HTM. Other AFS investments primarily comprised money market funds. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >w</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >st</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >, corresponding gross unrealized gains and losses and </font><font style='font-family:Times New Roman;font-size:10pt;' >ot</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r-</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ry</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >nt</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > (&#8220;OTTI&#8221;) for AFS and HTM investments in the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >te</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >es</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >tf</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other-Than-</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amortized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Temporary</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Impairments</font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >680</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >43</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >722</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >State and municipal bonds</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,644</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >112</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,752</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Foreign governments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >289</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >8</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >296</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,018</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >55</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(103)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,970</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(100)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,076</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,092</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >21</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >96</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(22)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >74</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Other asset-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >332</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >322</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,205</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >245</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(151)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,299</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(104)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Money market securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >227</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >227</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total AFS investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,444</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >246</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(151)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,539</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(104)</font></td></tr><tr style='height:8.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >75</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total HTM investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >75</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:16.5pt;' ><td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='14' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gross</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Other-Than-</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amortized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Temporary</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Impairments</font><sup><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(1)</font></sup></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >631</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >39</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >667</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >State and municipal bonds</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,644</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >94</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(8)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,730</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Foreign governments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >283</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >290</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,984</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(92)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,936</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(86)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,116</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >17</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,126</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >54</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >53</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >19</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >113</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(21)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >92</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:191.25pt;text-align:left;border-color:Black;min-width:191.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Other asset-backed</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >231</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >222</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:183.75pt;text-align:left;border-color:Black;min-width:183.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,075</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >208</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,136</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(90)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Money market securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >422</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >422</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Perpetual debt and equity securities </font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >13</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total AFS investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,509</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >209</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,571</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(90)</font></td></tr><tr style='height:5.25pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:198.75pt;text-align:left;border-color:Black;min-width:198.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Corporate obligations</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,757</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,632</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total HTM investments</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,757</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,632</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:14.25pt;' ><td colspan='5' rowspan='1' style='width:206.25pt;text-align:left;border-color:Black;min-width:206.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='20' rowspan='1' style='width:540pt;text-align:left;border-color:Black;min-width:540pt;' ><font style='font-family:Times New Roman;font-size:6pt;color:#000000;' >(1) - Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ol</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >owin</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >abl</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >di</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >bu</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >on</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS and HTM f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' >-m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >securities </font><font style='font-family:Times New Roman;font-size:10pt;' >at a</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >st</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ai</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >alu</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Con</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ua</font><font style='font-family:Times New Roman;font-size:10pt;' >l m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' >pe</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >bo</font><font style='font-family:Times New Roman;font-size:10pt;' >rr</font><font style='font-family:Times New Roman;font-size:10pt;' >ow</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >s m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e r</font><font style='font-family:Times New Roman;font-size:10pt;' >igh</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ob</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >iga</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ion</font><font style='font-family:Times New Roman;font-size:10pt;' >s.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >AFS Securities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >HTM Securities</font></td></tr><tr style='height:12.75pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td colspan='5' rowspan='1' style='width:108.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated VIEs</font></td></tr><tr style='height:9pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Amortized </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Amortized </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due in one year or less</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >839</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >841</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after one year through five years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,420</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,449</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after five years through ten years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >905</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >943</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Due after ten years</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,467</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,507</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Mortgage-backed and asset-backed</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,574</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >1,559</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:303.75pt;text-align:left;border-color:Black;min-width:303.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,205</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >6,299</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,742</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' >2,635</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Deposited and Pledged Securities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >ai</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >alu</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ie</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >depo</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wi</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h v</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >egu</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >au</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ho</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ie</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wa</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >10</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > for both periods</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >se</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >epo</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >re r</font><font style='font-family:Times New Roman;font-size:10pt;' >equi</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wi</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >ce </font><font style='font-family:Times New Roman;font-size:10pt;' >law</font><font style='font-family:Times New Roman;font-size:10pt;' >s.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ag</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ee</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > obligations </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >equ</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >re</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >Co</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >pan</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >o </font><font style='font-family:Times New Roman;font-size:10pt;' >ple</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font 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style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >as </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >oll</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >l </font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >de</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >ee</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >27</font><font style='font-family:Times New Roman;font-size:10pt;' > m</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >lio</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >26</font><font style='font-family:Times New Roman;font-size:10pt;' > m</font><font style='font-family:Times New Roman;font-size:10pt;' >il</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >pe</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >v</font><font style='font-family:Times New Roman;font-size:10pt;' >el</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Impaired Investments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following tables present the gross unrealized losses related to AFS and HTM</font><font style='font-family:Times New Roman;font-size:10pt;' > investments as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Less than 12 Months</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >12 Months or Longer</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td></tr><tr style='height:12.75pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >77</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >50</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >127</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >133</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >73</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >206</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >363</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >94</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(102)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >457</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(103)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >154</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >205</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >359</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(22)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(22)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >32</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >87</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >814</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >542</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,356</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(151)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total AFS investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >818</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >542</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,360</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(151)</font></td></tr><tr style='height:7.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total HTM investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(182)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='17' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:322.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Less than 12 Months</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >12 Months or Longer</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Losses</font></td></tr><tr style='height:13.5pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >AFS Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fixed-maturity investments:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Treasury and government agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >197</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >372</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >State and municipal bonds</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >60</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >257</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >317</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Foreign governments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >20</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >468</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(91)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(92)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >387</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >403</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Residential mortgage-backed non-agency</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >29</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Commercial mortgage-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed securities:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >81</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >82</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(21)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:187.5pt;text-align:left;border-color:Black;min-width:187.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other asset-backed</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >113</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(12)</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:180pt;text-align:left;border-color:Black;min-width:180pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total fixed-maturity investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >845</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,220</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(145)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,065</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Perpetual debt and equity securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total AFS investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >851</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,220</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(145)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,071</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(147)</font></td></tr><tr style='height:6.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:172.5pt;text-align:left;border-color:Black;min-width:172.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >HTM Investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:center;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated VIEs:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:30pt;text-align:left;border-color:Black;min-width:30pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='4' rowspan='1' style='width:195pt;text-align:left;border-color:Black;min-width:195pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Corporate obligations</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td></tr><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:202.5pt;text-align:left;border-color:Black;min-width:202.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total HTM investments</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:30pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >373</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(202)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Gross unrealized losses on AFS securities </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >creased as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > compared with </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > primarily due to </font><font style='font-family:Times New Roman;font-size:10pt;' >decline in price related to a </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >orporate </font><font style='font-family:Times New Roman;font-size:10pt;' >obligation security that incurred liquidity concerns, downgrades in credit and other adverse financial conditions, partially offset by </font><font style='font-family:Times New Roman;font-size:10pt;' >market price </font><font style='font-family:Times New Roman;font-size:10pt;' >appreciation</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >driven</font><font style='font-family:Times New Roman;font-size:10pt;' > by </font><font style='font-family:Times New Roman;font-size:10pt;' >lower </font><font style='font-family:Times New Roman;font-size:10pt;' >interest rates. Gross unrealized losses on HTM secu</font><font style='font-family:Times New Roman;font-size:10pt;' >rities </font><font style='font-family:Times New Roman;font-size:10pt;' >de</font><font style='font-family:Times New Roman;font-size:10pt;' >creased as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > compared with </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > primarily due to market price </font><font style='font-family:Times New Roman;font-size:10pt;' >ap</font><font style='font-family:Times New Roman;font-size:10pt;' >preciation caused by the </font><font style='font-family:Times New Roman;font-size:10pt;' >narrowing</font><font style='font-family:Times New Roman;font-size:10pt;' > of credit spreads.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >With the weighting applied on the fair value of each security relative to the </font><font style='font-family:Times New Roman;font-size:10pt;' >total fair value, the weighted average contractual maturity of securities in an unrealized loss position as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > was </font><font style='font-family:Times New Roman;font-size:10pt;' >16</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > years</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, there were </font><font style='font-family:Times New Roman;font-size:10pt;' >71</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >143</font><font style='font-family:Times New Roman;font-size:10pt;' > securities, respectively, that were in an unrealized loss position for a continuous twelve-month period or longer, of which the </font><font style='font-family:Times New Roman;font-size:10pt;' >fair</font><font style='font-family:Times New Roman;font-size:10pt;' > value</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > of </font><font style='font-family:Times New Roman;font-size:10pt;' >15</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >23</font><font style='font-family:Times New Roman;font-size:10pt;' > securities, respectively, </font><font style='font-family:Times New Roman;font-size:10pt;' >were below book</font><font style='font-family:Times New Roman;font-size:10pt;' > value by more than </font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' >%.  </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month per</font><font style='font-family:Times New Roman;font-size:10pt;' >iod or longer where fair value was below book value by more than 5% as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td colspan='7' rowspan='1' style='width:193.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:193.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >AFS Securities</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='7' rowspan='1' style='width:216pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:216pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >HTM Securities</font></td></tr><tr style='height:9pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Percentage of Fair Value</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Number of</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Book Value</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Number of</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Book Value</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:9pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Below Book Value</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td><td style='width:10.5pt;text-align:center;border-color:Black;min-width:10.5pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > (in millions)</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 5% to 15%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >44</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 15% to 25%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 25% to 50%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >41</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >29</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >575</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >&gt; 50%</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >130</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:112.5pt;text-align:left;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >239</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >100</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >575</font></td><td style='width:10.5pt;text-align:left;border-color:Black;min-width:10.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >393</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table presents the fair value</font><font style='font-family:Times New Roman;font-size:10pt;' > and gros</font><font style='font-family:Times New Roman;font-size:10pt;' >s unrealized loss</font><font style='font-family:Times New Roman;font-size:10pt;' > by credit rating category of</font><font style='font-family:Times New Roman;font-size:10pt;' > ABS, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBS</font><font style='font-family:Times New Roman;font-size:10pt;' > and corporate obligations</font><font style='font-family:Times New Roman;font-size:10pt;' > included in the Company&#8217;s consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >AFS </font><font style='font-family:Times New Roman;font-size:10pt;' >investment portfolio as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >for which fair value was </font><font style='font-family:Times New Roman;font-size:10pt;' >less than amortized cost. The credit ratings are based on ratings from Moody&#8217;s as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >or an alternate ratings source, such as S&amp;P, when a security is not rated by Moody&#8217;s. For investments that are insured by various third-party guarante</font><font style='font-family:Times New Roman;font-size:10pt;' >e insurers, the credit rating reflects the higher of the insurer&#8217;s rating or the underlying bond&#8217;s rating.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;text-align:left;border-color:Black;min-width:21pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Below</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;text-align:left;border-color:Black;min-width:24.75pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Aaa</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Aa</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >A</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Baa</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Investment Grade</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='5' rowspan='1' style='width:64.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Not Rated</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='5' rowspan='1' style='width:68.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:68.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:69pt;' ></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:25.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:25.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:21pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:29.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Fair</font></td><td style='width:1.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unrealized</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Asset Type</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:25.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:25.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:23.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:23.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:29.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:29.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Value</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >ABS </font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >42</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >50</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >58</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(33)</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:24.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >156</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(34)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >MBS</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >358</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >388</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(8)</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:76.5pt;text-align:left;border-color:Black;min-width:76.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate obligations</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:21pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >174</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >121</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >129</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:3.75pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:16.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(100)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:24.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >457</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(103)</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:21pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >574</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >173</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:1.5pt;text-align:center;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >132</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:3.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:16.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:16.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >23</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >75</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(33)</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:18.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:3pt;text-align:left;border-color:Black;min-width:3pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(104)</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:24.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:24.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,001</font></td><td style='width:1.5pt;text-align:left;border-color:Black;min-width:1.5pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(145)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he </font><font style='font-family:Times New Roman;font-size:10pt;' >total ABS, MBS and corporate obligations reported in the preceding table include those which are guaranteed by financial guarantors. In addition, the following table presents informatio</font><font style='font-family:Times New Roman;font-size:10pt;' >n on ABS</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBS </font><font style='font-family:Times New Roman;font-size:10pt;' >guaranteed by the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company </font><font style='font-family:Times New Roman;font-size:10pt;' >and third-party financial guarantors.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Insured Securities Rated Below</font></td></tr><tr style='height:8.25pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Investment Grade without the</font></td></tr><tr style='height:9pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:left;border-color:Black;min-width:135pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:138pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:138pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td></tr><tr style='height:13.5pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average Credit Rating with the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Average Credit Rating without the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >(in millions)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:11.25pt;' ></td></tr><tr style='height:12pt;' ><td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Asset Type</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Effect of Guarantee</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Percentage</font></td></tr><tr style='height:12pt;' ><td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ABS</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Baa</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >56</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >57</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:93pt;text-align:left;border-color:Black;min-width:93pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBS</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:135pt;text-align:center;border-color:Black;min-width:135pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Below Investment Grade</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >100</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Refer to the table in the &#8220;Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors&#8221; section within the </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > section of this note for information on the insured securities included in the table above. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company concluded t</font><font style='font-family:Times New Roman;font-size:10pt;' >hat it does not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it w</font><font style='font-family:Times New Roman;font-size:10pt;' >ould</font><font style='font-family:Times New Roman;font-size:10pt;' > not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash </font><font style='font-family:Times New Roman;font-size:10pt;' >flow projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other plan</font><font style='font-family:Times New Roman;font-size:10pt;' >s as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >that would require the sale of impaired securities. Impaired securities that the Company intends to sell before the expected recovery of such securities&#8217; fair values have been written down to fair value.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Other-Than-Temporary Impairments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Evaluating AFS Securities for OTTI</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company has an ongoing review process for all securities in its investment portfolio, including a quarterly assessment of </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' >. This evaluation includes both qualitative and </font><font style='font-family:Times New Roman;font-size:10pt;' >quantitative considerations. In assessing whether a decline in value is related to a credit loss, the Company considers several factors, including but not limited to (i) the magnitude and duration of declines in fair value; (ii) the reasons for the decline</font><font style='font-family:Times New Roman;font-size:10pt;' >s in fair value, such as general credit spread movements in each asset-backed sector, transaction-specific changes in credit spreads, credit rating downgrades, modeled defaults, and principal and interest payment priorities within each investment structure</font><font style='font-family:Times New Roman;font-size:10pt;' >; and (iii) any guarantees associated with a security such as those provided by financial guarantee insurance companies, including MBIA Corp. and National.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In calculating credit-related losses, the Company utilizes cash flow modeling based on the type of s</font><font style='font-family:Times New Roman;font-size:10pt;' >ecurity. The Company&#8217;s cash flow analysis considers all sources of cash, including credit enhancement, that support the payment of amounts owed by an issuer of a security. This includes the consideration of cash expected to be provided by financial guarant</font><font style='font-family:Times New Roman;font-size:10pt;' >ors, including MBIA Corp., resulting from an actual or potential insurance policy claim. In general, any change in the amount and/or timing of cash flows received or expected to be received, whether or not such cash flows are contractually defined, is refl</font><font style='font-family:Times New Roman;font-size:10pt;' >ected in the Company&#8217;s cash flow analysis for purposes of assessing an </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > loss on an impaired security.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Each quarter, an internal committee, comprising staff that is independent of the Company&#8217;s evaluation process for determining </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI </font><font style='font-family:Times New Roman;font-size:10pt;' >of securities, revi</font><font style='font-family:Times New Roman;font-size:10pt;' >ews and approves the valuation of investments. Among other responsibilities, this committee ensures that the Company&#8217;s process for identifying and calculating </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' >, including the use of models and assumptions, is reasonable and complies with the Company&#8217;s </font><font style='font-family:Times New Roman;font-size:10pt;' >internal policy</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Determination of Credit Loss on ABS, MBS and Corporate Obligations</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >ABS investments are eval</font><font style='font-family:Times New Roman;font-size:10pt;' >uated for </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > using historical collateral performance, deal waterfall and structural protections, credit ratings, and forward looking projections of collateral performance based on business and economic conditions specific to each collateral type and risk</font><font style='font-family:Times New Roman;font-size:10pt;' >. The underlying collateral is evaluated to identify any specific performance concerns, and stress scenarios are considered in forecasting ultimate returns of principal. Based on this evaluation, if a principal default is projected for a security, estimate</font><font style='font-family:Times New Roman;font-size:10pt;' >d future cash flows are discounted at the security&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > interest rate used to recognize interest income on the security</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >For CDO investments, the Company utilizes the same tools as its RMBS investments discussed below, aggregating the bond level cash flows to</font><font style='font-family:Times New Roman;font-size:10pt;' > the CDO investment level. </font><font style='font-family:Times New Roman;font-size:10pt;' >If the present value of cash flows is less than the Company&#8217;s amortized cost for the security, the difference is recorded as an </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > loss.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >RMBS investments are evaluated for </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > using </font><font style='font-family:Times New Roman;font-size:10pt;' >several </font><font style='font-family:Times New Roman;font-size:10pt;' >quantitative tools. Loan level data </font><font style='font-family:Times New Roman;font-size:10pt;' >is</font><font style='font-family:Times New Roman;font-size:10pt;' > obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model utilizes macro inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, whic</font><font style='font-family:Times New Roman;font-size:10pt;' >h considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment. The </font><font style='font-family:Times New Roman;font-size:10pt;' >expected cash flows of the security are</font><font style='font-family:Times New Roman;font-size:10pt;' > then discounted at the </font><font style='font-family:Times New Roman;font-size:10pt;' >interest rate used to recognize interest income of the </font><font style='font-family:Times New Roman;font-size:10pt;' >security</font><font style='font-family:Times New Roman;font-size:10pt;' > to arrive at a pr</font><font style='font-family:Times New Roman;font-size:10pt;' >esent value amount</font><font style='font-family:Times New Roman;font-size:10pt;' >. If the present value of the cash flows is less than the Company&#8217;s amortized cost for the investment, the difference is recorded as an </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > loss.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Corporate obligation investments are evaluated for </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > using credit analysis techniques. T</font><font style='font-family:Times New Roman;font-size:10pt;' >he Company&#8217;s analysis includes a detailed review of a number of quantitative and qualitative factors impacting the value of an individual security. These factors include the interest rate of the security (fixed or floating), the security&#8217;s current market s</font><font style='font-family:Times New Roman;font-size:10pt;' >pread, any collateral supporting the security, the security&#8217;s position in the issuer&#8217;s capital structure, and credit rating upgrades or downgrades. Additionally, these factors include an assessment of various issuer-related credit metrics including market </font><font style='font-family:Times New Roman;font-size:10pt;' >capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity, management and a third-party quantitative default probability model. The Company&#8217;s analysis is augmented by comparing market prices for similar securities of other</font><font style='font-family:Times New Roman;font-size:10pt;' > issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that</font><font style='font-family:Times New Roman;font-size:10pt;' > a principal default is projected, a recovery analysis is p</font><font style='font-family:Times New Roman;font-size:10pt;' >erformed using the above data. If the Company&#8217;s estimated recovery value for the security is less than its amortized cost, the difference is recorded as an </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > loss. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Determination of Credit Loss Guaranteed by the Company and Other Third-Party Guarantors</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company does not record </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > related to credit concerns about issuers of securities insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. and National since investors in these securities, including </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >, are guaranteed payment of principal and interest when due by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >. Securities insured by the Company, whether or not owned by the Company, are evaluated for impairment as part of its </font><font style='font-family:Times New Roman;font-size:10pt;' >insurance surveillance process and, therefore, losses on securities insured by the Company are recorded in accordance with its loss reserving policy. Refer to &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 2: Significant Accounting Policies</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > in the Notes to Consolidated Financial Statements </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >ncluded in the Company&#8217;s Annual Report on Form 10-K for the year ended December 3</font><font style='font-family:Times New Roman;font-size:10pt;' >1,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > for </font><font style='font-family:Times New Roman;font-size:10pt;' >information about the Company&#8217;s loss reserving policy and &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 5: Loss and Loss Adjustment Expense Reserves</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; for information about loss reserves.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In considering cash expected to be provided from other third-party financial guarantors, the Company assesses the financial guarant</font><font style='font-family:Times New Roman;font-size:10pt;' >or&#8217;s ability to make claim payments under a variety of scenarios that test the guarantor&#8217;s ultimate claims paying ability. The weighted average outcome of these scenarios, combined with the cash flows provided by the insured security, are used to determine</font><font style='font-family:Times New Roman;font-size:10pt;' > the recoverability of the Company&#8217;s amortized cost.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table provides information about securities held by the Company as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > that were in an unrealized loss position and insured by a financial guarantor, along with the amou</font><font style='font-family:Times New Roman;font-size:10pt;' >nt of insurance loss reserves corresponding to the par amount owned by the Company:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Reserve </font><sup><font style='font-family:Times New Roman;font-size:8.5pt;color:#000000;' >(2)</font></sup></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Asset-backed:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >97</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(33)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Mortgage-backed:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other:</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >MBIA</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:153pt;text-align:left;border-color:Black;min-width:153pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:145.5pt;text-align:left;border-color:Black;min-width:145.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total other</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >24</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:12pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >128</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(36)</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >49</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:15.75pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='3' rowspan='1' style='width:160.5pt;text-align:left;border-color:Black;min-width:160.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >_______________</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:60pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:60pt;' ></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes investments insured by MBIA Corp. and National.</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr><tr style='height:9pt;' ><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td><td colspan='12' rowspan='1' style='width:408pt;text-align:left;border-color:Black;min-width:408pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</font></td><td style='width:66pt;text-align:left;border-color:Black;min-width:66pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Credit Loss </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Rollforward</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ai</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >lo</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font 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style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >AOCI</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >llow</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ab</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >oun</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >cr</font><font style='font-family:Times New Roman;font-size:10pt;' >edi</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >pai</font><font style='font-family:Times New Roman;font-size:10pt;' >rm</font><font style='font-family:Times New Roman;font-size:10pt;' >en</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >ni</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >ea</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >nin</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >x</font><font style='font-family:Times New Roman;font-size:10pt;' >ed</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >he</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >b</font><font style='font-family:Times New Roman;font-size:10pt;' >y</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >M</font><font style='font-family:Times New Roman;font-size:10pt;' >B</font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >da</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s </font><font style='font-family:Times New Roman;font-size:10pt;' >in</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wh</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >h a </font><font style='font-family:Times New Roman;font-size:10pt;' >po</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >io</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e </font><font style='font-family:Times New Roman;font-size:10pt;' >OTTI</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >lo</font><font style='font-family:Times New Roman;font-size:10pt;' >ss</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >wa</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >og</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n </font><font style='font-family:Times New Roman;font-size:10pt;' >AOCI, </font><font style='font-family:Times New Roman;font-size:10pt;' >an</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >rr</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >po</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >din</font><font style='font-family:Times New Roman;font-size:10pt;' >g c</font><font style='font-family:Times New Roman;font-size:10pt;' >hang</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' > s</font><font style='font-family:Times New Roman;font-size:10pt;' >u</font><font style='font-family:Times New Roman;font-size:10pt;' >ch </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >unts. </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:119.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:119.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Beginning balance</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reductions for credit loss impairments previously recognized on securities sold during the period</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:22.5pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reductions for increases in cash flows expected to be collected over the remaining life of the security</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:405.75pt;text-align:left;border-color:Black;min-width:405.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Ending balance</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >173</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Sales of Available-for-Sale Investments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Gross r</font><font style='font-family:Times New Roman;font-size:10pt;' >eali</font><font style='font-family:Times New Roman;font-size:10pt;' >z</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >d </font><font style='font-family:Times New Roman;font-size:10pt;' >ga</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > are recorded within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. The proceeds and the </font><font style='font-family:Times New Roman;font-size:10pt;' >gross realized gains and losses from sales of fixed-maturity securities held as AFS for </font><font style='font-family:Times New Roman;font-size:10pt;' >the three months </font><font style='font-family:Times New Roman;font-size:10pt;' >ended </font><font style='font-family:Times New Roman;font-size:10pt;' >March </font><font style='font-family:Times New Roman;font-size:10pt;' >31, 201</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' > and 201</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > are as follows: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td colspan='5' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:9pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:19.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Proceeds from sales </font></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >192</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross realized gains</font></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:177pt;text-align:left;border-color:Black;min-width:177pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:left;border-color:Black;min-width:54pt;' ></td><td style='width:87.75pt;text-align:center;border-color:Black;min-width:87.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td><td colspan='2' rowspan='1' style='width:184.5pt;text-align:left;border-color:Black;min-width:184.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross realized losses</font></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7)</font></td><td style='width:19.5pt;text-align:left;border-color:Black;min-width:19.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:54pt;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:87.75pt;text-align:left;border-color:Black;min-width:87.75pt;' ></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2,12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27232-111563<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27161-111563<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EEFAC">
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          <div style="width: 200px;"><strong>Investments (Net Realized Gains (Losses) From Sales Of Available-For-Sale Securities) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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        <th class="th" colspan="2">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds" onclick="toggleNextSibling(this);">$ 16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains', window );">Gross realized gains</a></td>
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        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesGrossRealizedGains</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses', window );">Gross realized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" onclick="toggleNextSibling(this);">$ (7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" onclick="toggleNextSibling(this);">$ 0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br></p>
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                <p>The total amount of proceeds received for the sale of securities, categorized neither as held-to-maturity nor trading securities, during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br></p>
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                <p>This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27357-111563<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EIKAK">
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          <div style="width: 200px;"><strong>Derivative Instruments (Credit Derivatives Sold) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember', window );">Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears', window );">Weighted average remaining expected maturity</a></td>
        <td class="text">1 year 4 months 24 days<span></span></td>
        <td class="text">1 year 7 months 6 days<span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember', window );">Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears', window );">Weighted average remaining expected maturity</a></td>
        <td class="text">19 years 6 months 0 days<span></span></td>
        <td class="text">16 years 8 months 12 days<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);"> 11,963</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);"> 13,525</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(210)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(246)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">8,086</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">9,481</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(207)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(244)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">3,877</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">4,044</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="nump"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">5,846</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">6,914</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">5,846</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">6,914</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">115</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">363</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="nump"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">246</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">115</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">117</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingAaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember', window );">Credit Rating A [Member] | Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">3,746</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">3,903</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember', window );">Credit Rating A [Member] | Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">968</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">968</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember', window );">Credit Rating A [Member] | Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">2,778</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">2,935</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember', window );">Credit Rating A [Member] | Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingaMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,107</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,163</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">146</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">193</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">961</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">970</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBbbMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Insurance Operations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,149</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,182</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(204)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="num"><a title="us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue[us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">(240)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Insurance Operations [Member] | Credit Default Swap [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,126</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">1,160</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_CreditDefaultSwapMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Insurance Operations [Member] | Insured Swaps [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= mbi_InsuredSwapsMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Insurance Operations [Member] | Other Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);"> 0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
        <td class="nump"><a title="invest_DerivativeNotionalAmount[us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember;us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember;us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember]" onclick="toggleNextSibling(this);"> 0</a><span style="display:none;white-space:normal;text-align:left;">invest_DerivativeNotionalAmount<br>/ us-gaap_CreditDerivativesByContractTypeAxis<br>= us-gaap_OtherCreditDerivativesMember<br>/ us-gaap_ExternalCreditRatingByGroupingAxis<br>= mbi_CreditRatingBelowInvestmentGradeMember<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_InsuranceOperationsMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_DerivativeNotionalAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 12<br><br> -Section 13<br><br> -Sentence Column B<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_DerivativeNotionalAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>invest_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Weighted Average Remaining Maturity Credit Derivatives In Years</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>us-types:durationStringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of credit risk derivative liability.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4K<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35706170&amp;loc=SL5708775-113959<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingaMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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<html>
  <head>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EHFAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Investments (Credit Losses Recognized In Earnings Related To OTTI Losses Recognized In Accumulated Other Comprehensive Income (Loss)) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract', window );"><strong>Other than temporary impairment credit lossesfor available for sale securities rollforward [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld', window );">Beginning Balance</a></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" onclick="toggleNextSibling(this);">$ 16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" onclick="toggleNextSibling(this);">$ 175</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold', window );">Reductions For Credit Loss Impairments Previously Recognized On Securities Sold During The Period</a></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold</span><span></span></td>
        <td class="num"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows', window );">Reductions For Increases In Cash Flows Expected To Be Collected Over The Remaining Life Of The Security</a></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows</span><span></span></td>
        <td class="num"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld', window );">Ending Balance</a></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" onclick="toggleNextSibling(this);">$ 16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</span><span></span></td>
        <td class="nump"><a title="us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" onclick="toggleNextSibling(this);">$ 173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</span><span></span></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27340-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents reductions in the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held due to increases in cash flows expected to be collected and recognized over the remaining life of the security.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -Subparagraph (f)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27340-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents reductions in the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security because of the sale of impaired securities during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27340-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0E2F">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock', window );">Changes In The Components Of AOCI</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Gains (Losses)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >on AFS</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Foreign Currency</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities, Net</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Translation, Net</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Balance, December 31, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >34</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:3.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other comprehensive income (loss) before reclassifications</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(20)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Amounts reclassified from AOCI</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total other comprehensive income (loss)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(20)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Balance, March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(33)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock', window );">Reclassifications From AOCI</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:148.5pt;text-align:center;border-color:Black;min-width:148.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amounts Reclassified from AOCI</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:3pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:center;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:148.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:148.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:22.5pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >Details about AOCI Components</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Affected Line Item on the Consolidated </font><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Statements of Operations</font></td></tr><tr style='height:10.5pt;' ><td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Unrealized gains (losses) on AFS securities:</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:21.75pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gain (loss) on sale of securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:62.25pt;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value</font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     and foreign exchange </font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  </font></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Amortization on securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net investment income </font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td></tr><tr style='height:3pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Foreign currency translation:</font></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:21.75pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gain (loss) on liquidation of </font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >    foreign entity</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value</font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     and foreign exchange</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total reclassifications for the period</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).</p>
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                <p>Tabular disclosure of the components of accumulated other comprehensive income (loss).</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669686-108580<br><br><br><br></p>
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          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (Fair Value Inputs Level 3 [Member], USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="4">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" onclick="toggleNextSibling(this);">$ 2,097</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" onclick="toggleNextSibling(this);">$ 2,352</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Realized gains/(losses), assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" onclick="toggleNextSibling(this);">(10)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets', window );">Foreign exchange recognized in OCI or earnings, assets</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" onclick="toggleNextSibling(this);">112</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" onclick="toggleNextSibling(this);">(68)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" onclick="toggleNextSibling(this);">(73)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" onclick="toggleNextSibling(this);">(16)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" onclick="toggleNextSibling(this);">(19)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" onclick="toggleNextSibling(this);">160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" onclick="toggleNextSibling(this);">(11)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" onclick="toggleNextSibling(this);">2,122</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" onclick="toggleNextSibling(this);">2,406</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" onclick="toggleNextSibling(this);">1,200</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" onclick="toggleNextSibling(this);">2,301</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings', window );">Realized gains/(losses), liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" onclick="toggleNextSibling(this);">369</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" onclick="toggleNextSibling(this);">(27)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" onclick="toggleNextSibling(this);">(813)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities', window );">Foreign exchange recognized in OCI or earnings, liabilities</a></td>
        <td class="num"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" onclick="toggleNextSibling(this);">(22)</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" onclick="toggleNextSibling(this);">695</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" onclick="toggleNextSibling(this);">(60)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" onclick="toggleNextSibling(this);">(444)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" onclick="toggleNextSibling(this);">(41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" onclick="toggleNextSibling(this);">1,795</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" onclick="toggleNextSibling(this);">1,372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(49)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember', window );">Residential Prime Financing Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,612</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(56)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(54)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,557</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Other Loans Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">379</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">359</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">385</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">364</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember', window );">State and municipal bonds [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember]" onclick="toggleNextSibling(this);">62</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember', window );">Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Realized gains/(losses), assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_CorporateObligationMember', window );">Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">48</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Realized gains/(losses), assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">(19)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_CorporateObligationMember', window );">Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">48</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">64</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember', window );">Residential Mortgage Backed Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember', window );">Residential Mortgage Backed Non Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember', window );">Residential Mortgage Backed Non Agency [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember', window );">Commercial Mortgage Backed Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember', window );">Commercial Mortgage Backed Securities [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember', window );">Collateralized Debt Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">87</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">82</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">(5)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">33</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">74</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">115</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember', window );">Collateralized Debt Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_OtherAssetBackedMember', window );">Other Asset Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">58</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1', window );">Realized gains/(losses), assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">74</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember]" onclick="toggleNextSibling(this);">85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_OtherAssetBackedMember', window );">Other Asset Backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">54</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">203</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities', window );">Foreign exchange recognized in OCI or earnings, liabilities</a></td>
        <td class="num"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">(22)</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">180</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">215</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">(17)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">244</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">1,147</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings', window );">Realized gains/(losses), liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">339</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(37)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(838)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(9)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(339)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">207</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">309</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(37)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CreditDerivativesMember]" onclick="toggleNextSibling(this);">(30)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember', window );">Other Derivative Liabilities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings', window );">Realized gains/(losses), liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Liabilities Of Consolidated Vies [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">735</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">940</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">695</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">(51)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">(105)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">(41)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">1,387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">812</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_CurrencyDerivativesMember', window );">Currency Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets', window );">Foreign exchange recognized in OCI or earnings, assets</a></td>
        <td class="nump"><a title="mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_CurrencyDerivativesMember', window );">Currency Derivatives [Member] | Liabilities Of Consolidated Vies [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=mbi_LiabilitiesOfConsolidatedViesMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= mbi_LiabilitiesOfConsolidatedViesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember', window );">Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">11</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">$ 15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">(1) - Transferred in and out at the end of the period.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income or Earnings, Assets</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis In Foreign Exchange Recognized Other Comprehensive Income or Earnings, Liabilities</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesAndLoansReceivableLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsNotesAndLoansReceivableLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those liabilities still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of transfers of financial instrument classified as a liability into level 3 of the fair value hierarchy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of transfers of financial instrument classified as a liability out of level 3 of the fair value hierarchy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of issuances of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of increase (decrease) of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_CorporateObligationMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
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        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_CreditDerivativesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_CreditDerivativesMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_CurrencyDerivativesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_CurrencyDerivativesMember</td>
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                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_OtherAssetBackedMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_OtherAssetBackedMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_OtherDerivativeLiabilitiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                    <td><strong> Period Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember</td>
                  </tr>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                    <td><strong> Data Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Accumulated Other Comprehensive Income<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNoteTextBlock', window );">Accumulated Other Comprehensive Income [Text Block]</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 12: Accumulated Other Comprehensive Income </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ll</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >w</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ab</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >changes in the c</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >m</font><font style='font-family:Times New Roman;font-size:10pt;' >ponents of AOCI </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Unrealized</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:10.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' > Gains (Losses)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >on AFS</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Foreign Currency</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:83.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:83.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Securities, Net</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Translation, Net</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Balance, December 31, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >34</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(13)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:3.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other comprehensive income (loss) before reclassifications</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(20)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Amounts reclassified from AOCI</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total other comprehensive income (loss)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >21</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(20)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:239.25pt;text-align:left;border-color:Black;min-width:239.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:67.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:246.75pt;text-align:left;border-color:Black;min-width:246.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Balance, March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >55</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(33)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:67.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ll</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >w</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ab</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >details of the reclassifications from AOCI</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >In millions</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:148.5pt;text-align:center;border-color:Black;min-width:148.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Amounts Reclassified from AOCI</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:3pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:center;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='5' rowspan='1' style='width:148.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:148.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:22.5pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;text-decoration:underline;color:#000000;' >Details about AOCI Components</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td colspan='2' rowspan='1' style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Affected Line Item on the Consolidated </font><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Statements of Operations</font></td></tr><tr style='height:10.5pt;' ><td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Unrealized gains (losses) on AFS securities:</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:21.75pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gain (loss) on sale of securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:63pt;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:62.25pt;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value</font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     and foreign exchange </font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >  </font></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Amortization on securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net investment income </font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Income (loss) before income taxes</font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Provision (benefit) for income taxes</font></td></tr><tr style='height:12pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td></tr><tr style='height:3pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:12pt;' ><td colspan='3' rowspan='1' style='width:155.25pt;text-align:left;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Foreign currency translation:</font></td><td style='width:6.75pt;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;text-align:left;border-color:Black;min-width:63pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;text-align:left;border-color:Black;min-width:62.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ></td></tr><tr style='height:21.75pt;' ><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:142.5pt;text-align:left;border-color:Black;min-width:142.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Realized gain (loss) on liquidation of </font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >    foreign entity</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:6.75pt;' ></td><td style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:8.25pt;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:8.25pt;' ></td><td style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net gains (losses) on financial instruments at fair value</font><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >     and foreign exchange</font></td></tr><tr style='height:12pt;' ><td colspan='2' rowspan='1' style='width:147.75pt;text-align:left;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total reclassifications for the period</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:63pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:63pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:224.25pt;text-align:left;border-color:Black;min-width:224.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Net income (loss)</font></td></tr></table></div><span></span></td>
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                <p>The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e681-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e689-108580<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=SL7669619-108580<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e640-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 17<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e716-108580<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36458714&amp;loc=d3e709-108580<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Reclassification Adjustments<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6522872<br><br><br><br></p>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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    </div>
  </body>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Variable Interest Entities (Tables)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock', window );">Summary Of Nonconsolidated VIEs Assets And Liabilities</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='23' rowspan='1' style='width:417.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:417.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td colspan='8' rowspan='1' style='width:168pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:168pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Assets</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Liabilities</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:center;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Loss and Loss</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Maximum</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Adjustment</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Exposure</font></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premiums</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Expense</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Derivative</font></td></tr><tr style='height:9pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >to Loss</font></td><td style='width:4.5pt;text-align:center;border-color:Black;min-width:4.5pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Investments</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Receivable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(2)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Recoverable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(3)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Revenue</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(4)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Reserves</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(5)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(6)</font></sup></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance:</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global structured finance:</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,491</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,788</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >95</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >21</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >17</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >71</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed residential</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >13,575</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,173</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >39</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >513</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >37</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >315</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed commercial</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >554</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >265</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Consumer asset-backed</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,856</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,916</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >10</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate asset-backed</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,403</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,319</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >37</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >43</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total global structured finance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >33,879</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >18,461</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >107</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >113</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >519</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >112</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >396</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global public finance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >45,700</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >15,595</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >166</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >200</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total insurance</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >79,579</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >34,056</font></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:5.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >107</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >279</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >519</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >312</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >396</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >__________</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:5.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Investments&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Premiums receivable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Reported within &quot;Insurance loss recoverable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(4) - Reported within &quot;Unearned premium revenue&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(5) - Reported within &quot;Loss and loss adjustment expense reserves&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(6) - Reported within &quot;Derivative liabilities&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='23' rowspan='1' style='width:418.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:418.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:167.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:167.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Assets</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='8' rowspan='1' style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:155.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Carrying Value of Liabilities</font></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Loss and Loss</font></td><td style='width:5.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Maximum</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Adjustment</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:101.25pt;text-align:left;border-color:Black;min-width:101.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >VIE</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Exposure</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premiums</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Insurance Loss</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Expense</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Derivative</font></td></tr><tr style='height:9pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:42pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:38.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:38.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >to Loss</font></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Investments</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(1)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Receivable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(2)</font></sup></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Recoverable</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(3)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Revenue</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(4)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:53.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Reserves</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(5)</font></sup></td><td style='width:5.25pt;text-align:center;border-color:Black;min-width:5.25pt;' ></td><td colspan='2' rowspan='1' style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities</font><sup><font style='font-family:Times New Roman;font-size:8pt;font-weight:bold;color:#000000;' >(6)</font></sup></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance:</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global structured finance:</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Collateralized debt obligations</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8,613</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5,623</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >110</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >24</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >20</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >70</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed residential</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14,136</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >7,459</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >9</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >518</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >39</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >307</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Mortgage-backed commercial</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >571</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >279</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Consumer asset-backed</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,008</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1,989</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >12</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:108.75pt;text-align:left;border-color:Black;min-width:108.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Corporate asset-backed</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6,612</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >4,608</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >41</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >6</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >47</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total global structured finance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >35,940</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >19,958</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >119</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >123</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >524</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >121</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >389</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:116.25pt;text-align:left;border-color:Black;min-width:116.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Global public finance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >49,686</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >16,698</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >179</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >211</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total insurance</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >85,626</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >36,656</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >119</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >302</font></td><td style='width:6pt;text-align:right;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:49.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >524</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >332</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >389</font></td><td style='width:5.25pt;text-align:right;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:4.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >102</font></td></tr><tr style='height:12.75pt;' ><td colspan='4' rowspan='1' style='width:123.75pt;text-align:left;border-color:Black;min-width:123.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >__________</font></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:37.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:33.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:45pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:45pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:49.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:48.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:48.75pt;' ></td><td style='width:5.25pt;text-align:left;border-color:Black;min-width:5.25pt;' ></td><td style='width:4.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:4.5pt;' ></td><td style='width:41.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:41.25pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Reported within &quot;Investments&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Reported within &quot;Premiums receivable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Reported within &quot;Insurance loss recoverable&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(4) - Reported within &quot;Unearned premium revenue&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td colspan='28' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(5) - Reported within &quot;Loss and loss adjustment expense reserves&quot; on MBIA&#39;s consolidated balance sheets.</font></td></tr><tr style='height:9.75pt;' ><td 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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EHNNM">
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          <div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Company's Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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          <div>Mar. 31, 2015</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring" onclick="toggleNextSibling(this);">$ 10,368</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring</span><span></span></td>
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        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring" onclick="toggleNextSibling(this);">$ 10,613</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring</span><span></span></td>
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        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring" onclick="toggleNextSibling(this);">3,463</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">385</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">63</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">65</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">192</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">737</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">86</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember', window );">Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_OtherAssetBackedMember', window );">Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">63</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">61</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember', window );">Money Market Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">240</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">428</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">180</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,653</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2,047</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember', window );">Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">51</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember', window );">Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">596</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,518</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6,345</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">744</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">691</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | State and municipal bonds [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,756</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,732</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">296</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">290</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,098</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,058</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,129</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,162</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">52</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">56</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">23</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">75</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">93</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">345</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">241</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember', window );">Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember', window );">Derivative Assets [Member] | Currency Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember', window );">Assets Held For Sale [Member] | Loans Receivable At Fair Value [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_LoansreceivableatfairvalueMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_LoansreceivableatfairvalueMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember', window );">Assets Held For Sale [Member] | Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_EquitySecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_EquitySecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember', window );">Assets Held For Sale [Member] | Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_AssetsOfConsolidatedVIEsMember', window );">Assets Of Consolidated V I Es [Member] | Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_AssetsOfConsolidatedVIEsMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_AssetsOfConsolidatedVIEsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_AssetsOfConsolidatedVIEsMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_AssetsOfConsolidatedVIEsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">210</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">246</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">160</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">167</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Other Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_OtherDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_OtherDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember', window );">Other Liabilities [Member] | Warrant [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_WarrantMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">33</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_WarrantMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_WarrantMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_WarrantMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember', window );">Other Liabilities [Member] | Investments Payable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=us-gaap_DebtSecuritiesPayableMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">36</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= us-gaap_DebtSecuritiesPayableMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember', window );">Liabilities Held For Sale [Member] | Variable Interest Entity Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember]" onclick="toggleNextSibling(this);">431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_LiabilitiesheldforsaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember', window );">Liabilities Held For Sale [Member] | Payable For Loans Purchased [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[invest_InvestmentAxis=mbi_PayableforloanspurchasedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember]" onclick="toggleNextSibling(this);">323</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ invest_InvestmentAxis<br>= mbi_PayableforloanspurchasedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_LiabilitiesheldforsaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">1,725</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">2,087</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">36</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Money Market Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">240</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember]" onclick="toggleNextSibling(this);">428</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= mbi_MoneyMarketSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">596</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember]" onclick="toggleNextSibling(this);">729</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">834</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">794</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">624</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">573</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">210</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">221</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Held For Sale [Member] | Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_EquitySecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_EquitySecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Held For Sale [Member] | Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Cash And Cash Equivalents [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_AssetsOfConsolidatedVIEsMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_AssetsOfConsolidatedVIEsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_CashAndCashEquivalentsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_AssetsOfConsolidatedVIEsMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_CashAndCashEquivalentsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_AssetsOfConsolidatedVIEsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Other Liabilities [Member] | Investments Payable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member;invest_InvestmentAxis=us-gaap_DebtSecuritiesPayableMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">36</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel1Member<br>/ invest_InvestmentAxis<br>= us-gaap_DebtSecuritiesPayableMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">6,522</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">6,510</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">1,647</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member]" onclick="toggleNextSibling(this);">2,344</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">189</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">194</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">737</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">86</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">7</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">42</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">35</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,266</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,312</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">27</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">31</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">5,513</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">5,353</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">120</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">118</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | State and municipal bonds [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,750</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,724</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">80</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">63</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,088</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,048</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,129</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,162</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">52</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">56</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">271</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">156</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">83</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Held For Sale [Member] | Loans Receivable At Fair Value [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_LoansreceivableatfairvalueMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_AssetsHeldForSaleMember]" onclick="toggleNextSibling(this);">711</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_LoansreceivableatfairvalueMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_AssetsHeldForSaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">269</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">248</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">76</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Other Liabilities [Member] | Warrant [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_WarrantMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">33</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_WarrantMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=us-gaap_WarrantMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_OtherLiabilitiesMember]" onclick="toggleNextSibling(this);">28</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= us-gaap_WarrantMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_OtherLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Liabilities Held For Sale [Member] | Variable Interest Entity Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember]" onclick="toggleNextSibling(this);">431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_LiabilitiesheldforsaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Liabilities Held For Sale [Member] | Payable For Loans Purchased [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member;invest_InvestmentAxis=mbi_PayableforloanspurchasedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_LiabilitiesheldforsaleMember]" onclick="toggleNextSibling(this);">323</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel2Member<br>/ invest_InvestmentAxis<br>= mbi_PayableforloanspurchasedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_LiabilitiesheldforsaleMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">2,122</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">2,097</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">1,795</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member]" onclick="toggleNextSibling(this);">1,200</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPrimeFinancingReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,431</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_ResidentialPrimeFinancingReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Other Loans Receivable [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">108</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= us-gaap_LoansReceivableMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">385</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember;us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">379</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis<br>= mbi_LoanRepurchaseCommitmentsMember<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">53</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Medium Term Notes [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">180</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_MediumTermNotesMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_MediumTermNotesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">1,387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_VariableInterestEntityNotesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">735</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_VariableInterestEntityNotesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">171</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">198</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | State and municipal bonds [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CorporateObligationMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CorporateObligationMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_MortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">74</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">87</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">74</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_AssetBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis<br>= us-gaap_AssetBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Assets [Member] | Currency Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;invest_InvestmentAxis=mbi_CurrencyDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">5</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ invest_InvestmentAxis<br>= mbi_CurrencyDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">207</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_FairValueByLiabilityClassAxis=mbi_InsuredDerivativesMember;invest_InvestmentAxis=mbi_CreditDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">244</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_InsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_CreditDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Liabilities [Member] | Other Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_OtherDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_OtherDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= us-gaap_FairValueInputsLevel3Member<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_OtherDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember', window );">Counterparty And Cash Collateral Netting [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="num"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember]" onclick="toggleNextSibling(this);">(81)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="num"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember]" onclick="toggleNextSibling(this);">(109)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember]" onclick="toggleNextSibling(this);">(81)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember', window );">Counterparty And Cash Collateral Netting [Member] | Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureRecurring', window );">Fair value financial assets measured on recurring basis</a></td>
        <td class="num"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_AssetsFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeAssetsMember]" onclick="toggleNextSibling(this);">(81)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AssetsFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeAssetsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember', window );">Counterparty And Cash Collateral Netting [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non Insured Derivatives [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosureRecurring', window );">Fair value financial liabilities measured on recurring basis</a></td>
        <td class="num"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">$ (109)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_LiabilitiesFairValueDisclosureRecurring[us-gaap_FairValueByFairValueHierarchyLevelAxis=mbi_CounterpartyandcashcollateralnettingMember;us-gaap_FairValueByLiabilityClassAxis=mbi_NonInsuredDerivativesMember;invest_InvestmentAxis=mbi_InterestRateDerivativesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=mbi_DerivativeLiabilitiesMember]" onclick="toggleNextSibling(this);">$ (81)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilitiesFairValueDisclosureRecurring<br>/ us-gaap_FairValueByFairValueHierarchyLevelAxis<br>= mbi_CounterpartyandcashcollateralnettingMember<br>/ us-gaap_FairValueByLiabilityClassAxis<br>= mbi_NonInsuredDerivativesMember<br>/ invest_InvestmentAxis<br>= mbi_InterestRateDerivativesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= mbi_DerivativeLiabilitiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesAndLoansReceivableLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AccountsNotesAndLoansReceivableLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosureRecurring">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosureRecurring</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosureRecurring">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregation of the liabilities reported on the balance sheet measured at fair value on a recurring basis by the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosureRecurring</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_CorporateObligationMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_CorporateObligationMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_MoneyMarketSecuritiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_OtherAssetBackedMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_OtherAssetBackedMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
                  </tr>
                </table>
              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember</td>
                  </tr>
                  <tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EUSAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Losses And Loss Adjustment Expenses) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="4">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2014</div>
        </th>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder Benefits And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">$ (6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" onclick="toggleNextSibling(this);">$ 50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder Benefits And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(6)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember]" onclick="toggleNextSibling(this);">(14)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_USPublicFinanceInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember', window );">Second-Lien RMBS [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder Benefits And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember]" onclick="toggleNextSibling(this);">25</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="rh">
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        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder Benefits And Claims Incurred Net</a></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_FirstLienResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">30</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_FirstLienResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember', window );">Other [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Policyholder Benefits And Claims Incurred Net</a></td>
        <td class="num"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember]" onclick="toggleNextSibling(this);">$ (1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_PolicyholderBenefitsAndClaimsIncurredNet[us-gaap_StatementBusinessSegmentsAxis=mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember]" onclick="toggleNextSibling(this);">$ 9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet<br>/ us-gaap_StatementBusinessSegmentsAxis<br>= mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
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      <tr>
        <td colspan="5"></td>
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      <tr>
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              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.</div></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6480758&amp;loc=d3e6811-158387<br><br><br><br></p>
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          <div style="width: 200px;"><strong>Consolidated Statements Of Operations (Parenthetical) (Financial Guarantee Insurance Segment [Member], USD $)<br>In Millions, unless otherwise specified</strong></div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CededPremiumsEarned', window );">Ceded premiums earned</a></td>
        <td class="nump"><a title="us-gaap_CededPremiumsEarned[us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis=us-gaap_FinancialGuaranteeInsuranceSegmentMember]" onclick="toggleNextSibling(this);">$ 4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CededPremiumsEarned<br>/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis<br>= us-gaap_FinancialGuaranteeInsuranceSegmentMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_CededPremiumsEarned[us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis=us-gaap_FinancialGuaranteeInsuranceSegmentMember]" onclick="toggleNextSibling(this);">$ 2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_CededPremiumsEarned<br>/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis<br>= us-gaap_FinancialGuaranteeInsuranceSegmentMember</span><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of earned premiums ceded to other entities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 17<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 235<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.12-17)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34713774&amp;loc=d3e574992-122915<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 605<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b),(c)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 1<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 605<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6486662&amp;loc=d3e27175-158546<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_CededPremiumsEarned</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Business Developments and Risks and Uncertainties<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
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          <div>Mar. 31, 2015</div>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfOperations', window );">Business Developments and Risks and Uncertainties</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 1: Business Developments and Risks and Uncertainties</font></p><p style='text-align:left;margin-top:13pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Summary</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc., together with its consolidated subsidiaries, (collectively, &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; or the &#8220;Company&#8221;) operates one of the largest financial guarantee insurance businesses in the industry and was a provider of asset management and advisory </font><font style='font-family:Times New Roman;font-size:10pt;' >services. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > manages three operating segments: 1) United States (&#8220;U.S.&#8221;) public finance insurance; 2) international and structured finance insurance; and 3) corporate.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company&#8217;s U.S. public finance insurance business is primarily operated through Nat</font><font style='font-family:Times New Roman;font-size:10pt;' >ional Public Finance Guarantee Corporation and its subsidiaries (&#8220;National&#8221;) and its international and structured finance insurance business is primarily operated through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation and its subsidiaries (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8221;). Unless otherwise indi</font><font style='font-family:Times New Roman;font-size:10pt;' >cated or the context otherwise requires, references to &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8221; are to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation, together with its subsidiaries, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK Insurance Limited (&#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK&#8221;) and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Mexico S.A. de C.V.  </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Prior to 2015, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > managed two other operating segm</font><font style='font-family:Times New Roman;font-size:10pt;' >ents, advisory services and conduit. The advisory services segment was primarily operated through Cutwater Holdings, LLC and its subsidiaries (&#8220;Cutwater&#8221;). Effective on January 1, 2015, the Company exited its advisory services business through the sale of </font><font style='font-family:Times New Roman;font-size:10pt;' >Cutwater. During the second quarter of 2014, the Company dissolved its conduit segment through the liquidation of Meridian Funding Company, LLC. </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer to &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 10: Business Segments</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; for further information about the Company&#8217;s operating segments.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Business Developments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Na</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >tional Ratings and New Business Opportunities</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National&#8217;s ability to write new business and compete with other financial guarantors is largely dependent on the financial strength ratings assigned to National by major rating agencies. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, National was rated </font><font style='font-family:Times New Roman;font-size:10pt;' >AA+ with a stable outlook by Kroll Bond Rating Agency, AA</font><font style='font-family:Times New Roman;font-size:10pt;' >- with a stable outlook</font><font style='font-family:Times New Roman;font-size:10pt;' > by </font><font style='font-family:Times New Roman;font-size:10pt;' >Standard&#160;&amp; Poor&#8217;s Financial Services LLC (&#8220;S&amp;P&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' >, and A3 with a negative outlook by </font><font style='font-family:Times New Roman;font-size:10pt;' >Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;)</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National seeks to </font><font style='font-family:Times New Roman;font-size:10pt;' >generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape may limit National&#8217;s new business opportunities and its abilities to price and underwrite risk with attractive returns.&#160;R</font><font style='font-family:Times New Roman;font-size:10pt;' >efer to &#8220;Risks and Uncertainties&#8221; below for a discussion of business risks related to National&#8217;s insured portfolio.</font></p><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Corp. Risk Reductions</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8217;s primary focus is the collection of excess spread and put-back recoveries and the mitigation of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Corp.&#8217;s insurance exposures, primarily through commutations of insurance policies. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. may make negotiated settlement payments to counterparties and/or forego its right to all or</font><font style='font-family:Times New Roman;font-size:10pt;' > some termination premiums when it commutes insurance exposures. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Held </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >For Sale Classifications</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Armonk, New York Facility</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May of 2015, the Company sold its Armonk, New York facility. </font><font style='font-family:Times New Roman;font-size:10pt;' >For</font><font style='font-family:Times New Roman;font-size:10pt;' > the three months ended March 31, 2015, the Company recorded an impairment charge of $</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > million to adjust the carrying amount to the </font><font style='font-family:Times New Roman;font-size:10pt;' >sales price less costs to sell. The impairment charge was reflected in the results of the Company&#8217;s U.S. public finance insurance segment and included in &#8220;Other net realized gains (losses)&#8221; on the C</font><font style='font-family:Times New Roman;font-size:10pt;' >ompany&#8217;s consolidated statements of operations.  </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Sale of </font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >Cutwater Business</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As a result of the agreement to sell Cutwater, the assets and liabilities of Cutwater were classified as held for sale as of December 31, 2014 and presented within &#8220;Assets held for</font><font style='font-family:Times New Roman;font-size:10pt;' > sale&#8221; and &#8220;Liabilities held for sale&#8221; on the Company&#8217;s consolidated balance sheet and measured at the lower of its carrying value or fair value less cost to sell. The Company completed this sale effective </font><font style='font-family:Times New Roman;font-size:10pt;' >January 1, 2015, and recorded a gain of approximat</font><font style='font-family:Times New Roman;font-size:10pt;' >ely $</font><font style='font-family:Times New Roman;font-size:10pt;' >24</font><font style='font-family:Times New Roman;font-size:10pt;' > million. This gain was reflected in the results of the Company&#8217;s corporate segment and included in </font><font style='font-family:Times New Roman;font-size:10pt;' >&#8220;Other net realized gains (losses)&#8221; on the Company&#8217;s consolidated statements of operations.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Assets and Liabilities Held for Sale by Major Category</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table summarizes the components of assets and liabilities held for sale as of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:104.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:104.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:105pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments carried at fair value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >     Total assets held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >22</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >802</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities </font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:left;border-color:Black;min-width:96.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for loans purchased</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:96.75pt;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >     Total liabilities held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:96.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:96.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >772</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Risks and Uncertainties</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s financial statements include estimates and assumptions that affect the reported amount</font><font style='font-family:Times New Roman;font-size:10pt;' >s of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company</font><font style='font-family:Times New Roman;font-size:10pt;' > to revise its estimates and assumptions or could cause actual results to differ from the Company&#8217;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company&#8217;s financial statements a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd business objectives in future periods.  </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >U.S. Public Finance Market Conditions</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National&#8217;s insured portfolio continued to perform satisfactorily against a backdrop of strengthening domestic economic activity. While this trend will generally benefit tax r</font><font style='font-family:Times New Roman;font-size:10pt;' >evenues and fees charged for essential municipal services which secure National&#8217;s insured bond portfolio, some state and local governments and territory obligors National insures remain under financial and budgetary stress. </font><font style='font-family:Times New Roman;font-size:10pt;' >This could lead to an in</font><font style='font-family:Times New Roman;font-size:10pt;' >crease in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of the Company&#8217;s insured transactions. The Company monitors and analyzes these situations and other stressed credits closely, and the over</font><font style='font-family:Times New Roman;font-size:10pt;' >all extent and duration of this stress is uncertain.  </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Corp. Recoveri</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >es and Insured Portfolio </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The amount and timing of projected collections from excess spread from second-lien residential mortgage-backed securities (&#8220;RMBS&#8221;) and the put-back recovera</font><font style='font-family:Times New Roman;font-size:10pt;' >ble from Credit Suisse Securities (USA) LLC, </font><font style='font-family:Times New Roman;font-size:10pt;' >DLJ</font><font style='font-family:Times New Roman;font-size:10pt;' > Mortgage Capital, Inc., and Select Portfolio Servicing Inc. (collectively, &#8220;Credit Suisse&#8221;) and the potential of claims from </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8217;s remaining insured exposures are uncertain. Further, the remaining ins</font><font style='font-family:Times New Roman;font-size:10pt;' >ured portfolio, aside from these exposures, could deteriorate and result in additional significant loss reserves and claim payments. Management&#8217;s expected liquidity and capital forecasts for </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., which include expected put-back recoveries from Credi</font><font style='font-family:Times New Roman;font-size:10pt;' >t Suisse</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and excess spread recoveries, reflect adequate resources to pay claims when due. However, if </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. experiences higher than expected claim payments or is unable to terminate the remaining exposures that represent substantial risk to the Compan</font><font style='font-family:Times New Roman;font-size:10pt;' >y, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. may ultimately have insufficient resources to continue to pay claims, which could cause the New York State Department of Financial Services (&#8220;NYSDFS&#8221;) to put </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation, exclusive of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK, into a rehabilitation or liquidati</font><font style='font-family:Times New Roman;font-size:10pt;' >on proceeding. Given the separation of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. as distinct legal entities, the absence of any material intercompany lending agreements or cross defaults between the entities, and the lack of reliance by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. for the rece</font><font style='font-family:Times New Roman;font-size:10pt;' >ipt of dividends, the Company does </font><font style='font-family:Times New Roman;font-size:10pt;' >not believe that a rehabilitation or liquidation proceeding of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation by NYSDFS would have any significant long-term liquidity impact on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. or result in a liquidation or similar proceeding of </font><font style='font-family:Times New Roman;font-size:10pt;' >MB</font><font style='font-family:Times New Roman;font-size:10pt;' >IA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK.</font><font style='font-family:Times New Roman;font-size:10pt;' > Such a proceeding could have material adverse consequences for </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., including the termination of insured credit default swaps (&#8220;CDS&#8221;) contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issu</font><font style='font-family:Times New Roman;font-size:10pt;' >ed by affiliates and insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., the loss of control of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation to a rehabilitator or liquidator, and unplanned costs.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Refer to &#8220;</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 5: Loss and Loss Adjustment Expense Reserves</font><font style='font-family:Times New Roman;font-size:10pt;' >&#8221; for information about </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.&#8217;s loss reserves and recoveries. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Corporate Liquidit</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >y </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the liquidity position, which comprises cash and liquid assets available for general liquidity purposes, of the Company&#8217;s corporate segment was </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >567</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >498</font><font style='font-family:Times New Roman;font-size:10pt;' > million, r</font><font style='font-family:Times New Roman;font-size:10pt;' >espectively. During the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >228</font><font style='font-family:Times New Roman;font-size:10pt;' > million was released to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. under the </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > group&#8217;s tax sharing agreement (the &#8220;Tax Escrow Account&#8221;). While </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc.&#8217;s liquidity position improved during the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > due to the Tax Escrow Account release, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. continues to have liquidity risk. If invested asset performance deteriorates or the flow of dividends from subsidiaries is interrupted and/or access to the capital markets is impai</font><font style='font-family:Times New Roman;font-size:10pt;' >red, its liquidity position could be eroded over time. </font><font style='font-family:Times New Roman;font-size:10pt;' >Based on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc.&#8217;s debt service requirements and expected operating expenses, </font><font style='font-family:Times New Roman;font-size:10pt;' >the Company expects that </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. will </font><font style='font-family:Times New Roman;font-size:10pt;' >have </font><font style='font-family:Times New Roman;font-size:10pt;' >sufficient cash to satisfy its debt obligations and its general corporate ne</font><font style='font-family:Times New Roman;font-size:10pt;' >eds over time</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >from distributions from its operating subsidiaries and payments under the Tax Escrow Account once the payments become unrestricted,</font><font style='font-family:Times New Roman;font-size:10pt;' > however, </font><font style='font-family:Times New Roman;font-size:10pt;' >there can be no assurance that such sources will generate sufficient cash. In addition, a failure by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. to settle liabilities that are also insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. could result in claims on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.</font></p></div><span></span></td>
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                <p>The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ESLAK">
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          <div style="width: 200px;"><strong>Investments (Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
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          <div>Mar. 31, 2015</div>
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          <div>Dec. 31, 2014</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" onclick="toggleNextSibling(this);">$ 818</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" onclick="toggleNextSibling(this);">$ 851</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</span><span></span></td>
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      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" onclick="toggleNextSibling(this);">542</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" onclick="toggleNextSibling(this);">1,220</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" onclick="toggleNextSibling(this);">(145)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">1,360</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">2,071</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" onclick="toggleNextSibling(this);">(151)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" onclick="toggleNextSibling(this);">393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" onclick="toggleNextSibling(this);">373</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" onclick="toggleNextSibling(this);">373</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total held-to-maturity, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</span><span></span></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">373</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total held-to-maturity, fair value</a></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">393</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">373</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total held-to-maturity, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(182)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
        <td class="num"><a title="us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember]" onclick="toggleNextSibling(this);">(202)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis<br>= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember', window );">Perpetual Debt And Equity Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_PerpetualDebtAndEquitySecuritiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">814</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">845</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(2)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">542</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,220</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(145)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1,356</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2,065</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(151)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(147)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">77</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">197</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">50</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">175</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">127</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">372</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_USTreasuryAndGovernmentMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USTreasuryAndGovernmentMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | US States And Political Subdivisions [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">133</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">60</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">73</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">257</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">206</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">317</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(8)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_USStatesAndPoliticalSubdivisionsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Foreign Government Debt [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">22</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_ForeignGovernmentDebtMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_ForeignGovernmentDebtMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">363</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">468</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">94</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">251</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(102)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(91)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">457</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">719</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(103)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(92)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CorporateDebtSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">154</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(1)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">205</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">387</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(3)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">359</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">403</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(7)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">8</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">18</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">19</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">26</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">29</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_ResidentialMortgageBackedNonAgencyMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(4)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_ResidentialMortgageBackedNonAgencyMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">2</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">4</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">3</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Collateralized Debt Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">81</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(22)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">82</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(22)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=us-gaap_CollateralizedDebtObligationsMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(21)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= us-gaap_CollateralizedDebtObligationsMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Other Asset Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">55</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">69</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">32</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">44</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">(12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">87</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="nump"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">$ (12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
        <td class="num"><a title="us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss[invest_InvestmentAxis=mbi_OtherAssetBackedMember;us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember]" onclick="toggleNextSibling(this);">$ (12)</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss<br>/ invest_InvestmentAxis<br>= mbi_OtherAssetBackedMember<br>/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis<br>= us-gaap_FixedMaturitiesMember</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for twelve months or longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale in a continuous loss position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for less than twelve months.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt securities classified as held-to-maturity that have been in a continuous loss position for twelve months or longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt securities classified as held-to-maturity in a continuous loss position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the fair value of securities categorized as held-to-maturity which are in an unrealized loss position.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of accumulated unrealized loss on investments in debt securities classified as held-to-maturity that have been in a continuous loss position for less than twelve months.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</td>
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                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the fair value of securities categorized as held-to-maturity that have been in a continuous unrealized loss position for less than twelve months.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the fair value of securities categorized as held-to-maturity securities that have been in a continuous unrealized loss position for twelve months or longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27337-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (a)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=27724398&amp;loc=d3e27290-111563<br><br><br><br></p>
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                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td style="white-space:nowrap;">invest_InvestmentAxis=mbi_PerpetualDebtAndEquitySecuritiesMember</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">invest_InvestmentAxis=us-gaap_CorporateDebtSecuritiesMember</td>
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                    <td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis=us-gaap_FixedMaturitiesMember</td>
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  <head>
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    <title></title>
    <link rel="stylesheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ECJAC">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Income Taxes (Narrative) (Detail) (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NonVariableInterestEntitiesLineItems', window );"><strong>Non Variable Interest Entities [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Net deferred tax asset</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet" onclick="toggleNextSibling(this);">$ 1,000,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsLiabilitiesNet" onclick="toggleNextSibling(this);">$ 1,000,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsLiabilitiesNet</span><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilities', window );">Non U.S. deferred tax liability</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxLiabilities" onclick="toggleNextSibling(this);">15,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxLiabilities</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation allowance</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsValuationAllowance" onclick="toggleNextSibling(this);">0</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsValuationAllowance</span><span></span></td>
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      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CapitalLossesCarryForwardPeriodInYears', window );">Capital losses carryforward period in years</a></td>
        <td class="text">5 years<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump"><a title="us-gaap_OperatingLossCarryforwards" onclick="toggleNextSibling(this);">3,100,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_OperatingLossCarryforwards</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax', window );">Alternative minimum tax credit carryforward</a></td>
        <td class="nump"><a title="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax" onclick="toggleNextSibling(this);">$ 22,000,000</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax</span><span></span></td>
        <td class="text">&#xA0;<span></span></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Capital losses carry forward period in years.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_CapitalLossesCarryForwardPeriodInYears</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_NonVariableInterestEntitiesLineItems</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible alternative minimum tax credit carryforwards.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Alternative Minimum Tax<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6504908<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
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          </td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
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          </td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EJCAC">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Loss and Loss Adjustment Expense Reserves (Tables)<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2015</div>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock', window );">Schedule Of Losses And Loss Adjustment Expenses</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='5' rowspan='1' style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:172.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31, </font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >U.S. Public Finance Insurance Segment</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(14)</font></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:6pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >International and Structured Finance Insurance Segment:</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:center;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Second-lien RMBS</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >25</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >First-lien RMBS</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:255pt;text-align:left;border-color:Black;min-width:255pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='2' rowspan='1' style='width:262.5pt;text-align:left;border-color:Black;min-width:262.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Losses and LAE expense (benefit)</font></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >50</font></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' ><font style='font-family:Times New Roman;font-size:5pt;color:#000000;' >________________</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:right;border-color:Black;min-width:45pt;' ></td></tr><tr style='height:12pt;' ><td style='width:44.25pt;text-align:left;border-color:Black;min-width:44.25pt;' ></td><td colspan='5' rowspan='1' style='width:361.5pt;text-align:left;border-color:Black;min-width:361.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes ABS CDOs, CMBS, non-U.S. public finance and other issues.</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:75pt;text-align:left;border-color:Black;min-width:75pt;' ></td><td style='width:45pt;text-align:left;border-color:Black;min-width:45pt;' ></td></tr></table></div><span></span></td>
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      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock', window );">Schedule Of Financial Guarantees And Related Claim Liability</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Surveillance Categories</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Classified</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Low</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Medium</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >High</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of policies</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >102</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >172</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >310</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of issues</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >119</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >145</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Remaining weighted average contract </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >period (in years)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6.8</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12.1</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9.4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6.9</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.6</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross insured contractual payments </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >outstanding:</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Principal</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,573</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,375</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >156</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,780</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,884</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >593</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >822</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,876</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,371</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,166</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,197</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >236</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,656</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,255</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Claim Liability</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >791</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >791</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less:</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Potential Recoveries</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >719</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Discount, net</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >96</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >96</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net claim liability (recoverable)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Unearned premium revenue</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >60</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >76</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >158</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries. </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='14' rowspan='1' style='width:352.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:352.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Surveillance Categories</font></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Caution</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Classified</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:9.75pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Low</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Medium</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >High</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >List</font></td><td style='width:18.75pt;text-align:center;border-color:Black;min-width:18.75pt;' ></td><td colspan='2' rowspan='1' style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of policies</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >38</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >98</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >175</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >315</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Number of issues</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >119</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >147</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Remaining weighted average contract </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >period (in years)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.2</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12.0</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10.1</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.0</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7.7</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross insured contractual payments </font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >outstanding:</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Principal</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,757</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,372</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >133</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,001</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11,263</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:161.25pt;text-align:left;border-color:Black;min-width:161.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >696</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >819</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >68</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,037</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,620</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:153.75pt;text-align:left;border-color:Black;min-width:153.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,453</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,191</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >201</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >11,038</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,883</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Claim Liability</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >850</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >850</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less:</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross Potential Recoveries</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >860</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >860</font></td></tr><tr style='height:12pt;' ><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td colspan='3' rowspan='1' style='width:168.75pt;text-align:left;border-color:Black;min-width:168.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Discount, net</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3)</font></sup></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14</font></td></tr><tr style='height:12pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net claim liability (recoverable)</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(24)</font></td></tr><tr style='height:14.25pt;' ><td colspan='4' rowspan='1' style='width:176.25pt;text-align:left;border-color:Black;min-width:176.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Unearned premium revenue</font></td><td style='width:18.75pt;text-align:left;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >63</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >80</font></td><td style='width:18.75pt;text-align:right;border-color:Black;min-width:18.75pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >167</font></td></tr><tr style='height:12pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >__________</font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA. </font></td></tr><tr style='height:9.75pt;' ><td colspan='19' rowspan='1' style='width:547.5pt;text-align:left;border-color:Black;min-width:547.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock', window );">Present Value Of The Probability-Weighted Future Claim Payments And Recoveries</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >March 31, 2015</font></td><td style='width:14.25pt;text-align:center;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:77.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loss reserves (claim liability)</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >464</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >464</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >35</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >42</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loss and LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >499</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >506</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insurance claim loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(527)</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(533)</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >LAE insurance loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >-</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Insurance loss recoverable</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(527)</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(533)</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on unpaid losses</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td colspan='2' rowspan='1' style='width:218.25pt;text-align:left;border-color:Black;min-width:218.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on unpaid LAE reserves</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1</font></td><td style='width:66.75pt;text-align:left;border-color:Black;min-width:66.75pt;' ></td></tr><tr style='height:12pt;' ><td style='width:68.25pt;text-align:left;border-color:Black;min-width:68.25pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:210.75pt;text-align:left;border-color:Black;min-width:210.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Reinsurance recoverable on paid and unpaid losses</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:14.25pt;text-align:right;border-color:Black;min-width:14.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font></td><td style='width:66.75pt;text-align:right;border-color:Black;min-width:66.75pt;' ></td></tr></table></div><span></span></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock', window );">Schedule Of Loss And Loss Adjustment Expenses Reserves</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td colspan='20' rowspan='1' style='width:354pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:354pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:54pt;text-align:center;border-color:Black;min-width:54pt;' ></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Gross Loss</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Loss</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:32.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Gross Loss</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >and LAE</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Payments</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Accretion</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:37.5pt;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:35.25pt;text-align:center;border-color:Black;min-width:35.25pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >and LAE</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves as of</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for Cases</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >of Claim</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Unearned</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves as of</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >with</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Liability</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Premium</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >LAE</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:9pt;' ><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:57.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td colspan='2' rowspan='1' style='width:39.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:39.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Rates</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Assumptions</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Revenue</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:45pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Reserves</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1)</font></sup></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td colspan='2' rowspan='1' style='width:61.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:61.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >506</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(11)</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:32.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >3</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >8</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:35.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:35.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >$</font></td><td style='width:54pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:54pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >499</font></td></tr><tr style='height:12pt;' ><td colspan='26' rowspan='1' style='width:489.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:489.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >____________</font></td></tr><tr style='height:13.5pt;' ><td colspan='26' rowspan='1' style='width:489.75pt;text-align:left;border-color:Black;min-width:489.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Primarily changes in amount and timing of payments.</font></td></tr></table></div><span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock', window );">Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses</a></td>
        <td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:8.25pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='17' rowspan='1' style='width:291.75pt;text-align:center;border-color:Black;min-width:291.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:8.25pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='17' rowspan='1' style='width:291.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:291.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for the Three Months Ended March 31, 2015</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Collections</font></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:36pt;' ></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td colspan='2' rowspan='1' style='width:12.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:12.75pt;' ></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:47.25pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >As of</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >for Cases</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Accretion</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >As of</font></td></tr><tr style='height:7.5pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >December 31,</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >with</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >of</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Discount</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Changes in</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >LAE</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;text-align:center;border-color:Black;min-width:40.5pt;' ></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >March 31,</font></td></tr><tr style='height:7.5pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:44.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:42.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Rates</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Assumptions</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Recoveries</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:40.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >Other</font><sup><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1)</font></sup></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:7pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Insurance loss</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:37.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:36.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:33.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >recoverable</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >533</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >5</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >14</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36.75pt;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >527</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Recoveries on unpaid </font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;text-align:left;border-color:Black;min-width:43.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;text-align:left;border-color:Black;min-width:37.5pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;text-align:left;border-color:Black;min-width:36pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;text-align:left;border-color:Black;min-width:41.25pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;text-align:left;border-color:Black;min-width:36.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;text-align:left;border-color:Black;min-width:33.75pt;' ></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;text-align:left;border-color:Black;min-width:45.75pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:72.75pt;text-align:left;border-color:Black;min-width:72.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >losses</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >147</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >1</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(40)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:6.75pt;' ></td><td style='width:45.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >110</font></td></tr><tr style='height:9.75pt;' ><td colspan='2' rowspan='1' style='width:78.75pt;text-align:left;border-color:Black;min-width:78.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >Total</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:43.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >680</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(21)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >3</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >8</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(26)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:36.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:33.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:6.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:45.75pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >637</font></td></tr><tr style='height:13.5pt;' ><td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' ><font style='font-family:Times New Roman;font-size:8pt;color:#000000;' >____________</font></td></tr><tr style='height:12pt;' ><td colspan='26' rowspan='1' style='width:491.25pt;text-align:left;border-color:Black;min-width:491.25pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) Primarily changes in amount and timing of collections.</font></td></tr></table></div><span></span></td>
      </tr>
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                <p>Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses [Text Block]</p>
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                <p>Schedule Of Insurance Loss Reserves And Recoverables For Insured Obligations [Text Block]</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>Tabular disclosure of insured financial obligations with credit deterioration related to the claim liability on financial guarantee insurance contracts as of the end of each annual and interim reporting period detailing, at a minimum, the following for each surveillance category or grouping used to track and monitor the entity's insured financial obligations: (1) number of issued and outstanding financial guarantee insurance contracts; (2) remaining weighted average contract period; (3) insured contractual payments outstanding, segregating principal and interest; (4) gross claim liability; (5) gross potential recoveries; (6) net discount of both the claim liability and potential recoveries; (7) net claim liability; (8) reinsurance recoverable; and (9) unearned premium revenue.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 55<br><br> -Paragraph 34<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34726416&amp;loc=SL5751140-161288<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a)(5), (b)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6933314&amp;loc=SL5749324-161292<br><br><br><br></p>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Antidilutive stock options, restricted stock and warrants outstanding</a></td>
        <td class="nump"><a title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" onclick="toggleNextSibling(this);">17,957,392</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</span><span></span></td>
        <td class="nump"><a title="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" onclick="toggleNextSibling(this);">42,358,006</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</span><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AntidilutiveSharesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_AntidilutiveSharesAbstract</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Antidilution<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6505113<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Diluted Earnings Per Share<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510752<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Contingent Stock Agreement<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6508534<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
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                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0ETHBI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Variable Interest Entities (Summary Of Nonconsolidated VIEs Assets And Liabilities) (Detail) (USD $)<br>In Millions, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">
          <div>Mar. 31, 2015</div>
        </th>
        <th class="th" colspan="2">
          <div>Dec. 31, 2014</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 527</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable" onclick="toggleNextSibling(this);">$ 533</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">33,879</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">35,940</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">18,461</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">19,958</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Investments</a></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">107</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">113</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">123</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">519</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">524</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">112</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">121</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">396</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">389</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember]" onclick="toggleNextSibling(this);">102</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Collateralized Debt Obligations [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">7,491</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">8,613</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">4,788</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">5,623</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Investments</a></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">95</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">110</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">21</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">24</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">17</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">20</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">71</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">70</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CollateralizedDebtObligationsMember]" onclick="toggleNextSibling(this);">102</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CollateralizedDebtObligationsMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">13,575</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">14,136</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">7,173</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">7,459</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Investments</a></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">9</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">39</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">41</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">513</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">518</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">39</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">315</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">307</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_ResidentialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">554</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">571</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">265</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">279</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember]" onclick="toggleNextSibling(this);">1</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= us-gaap_CommercialMortgageBackedSecuritiesMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">5,856</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">6,008</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">1,916</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">1,989</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">15</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">16</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">14</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">10</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_ConsumerAssetBackedMember]" onclick="toggleNextSibling(this);">12</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_ConsumerAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">6,403</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">6,612</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">4,319</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">4,608</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">37</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">41</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">6</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">43</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember;us-gaap_UnderlyingAssetClassAxis=mbi_CorporateAssetBackedMember]" onclick="toggleNextSibling(this);">47</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalStructuredFinanceMember<br>/ us-gaap_UnderlyingAssetClassAxis<br>= mbi_CorporateAssetBackedMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">45,700</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">49,686</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">15,595</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">16,698</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">166</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">179</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">200</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember]" onclick="toggleNextSibling(this);">211</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_GlobalPublicFinanceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="rh">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember', window );">Total Insurance [Member]</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">VIE Assets</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">79,579</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">85,626</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">34,056</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump"><a title="us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">36,656</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Investments</a></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">107</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump"><a title="us-gaap_Investments[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">119</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_Investments<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable</a></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">279</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
        <td class="nump"><a title="us-gaap_PremiumsReceivableAtCarryingValue[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">302</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_PremiumsReceivableAtCarryingValue<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">519</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
        <td class="nump"><a title="mbi_InsuranceLossRecoverable[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">524</a><span style="display:none;white-space:normal;text-align:left;">mbi_InsuranceLossRecoverable<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">312</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
        <td class="nump"><a title="us-gaap_UnearnedPremiums[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">332</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_UnearnedPremiums<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">396</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
        <td class="nump"><a title="us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">389</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
      </tr>
      <tr class="ro">
        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">$ 85</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
        <td class="nump"><a title="us-gaap_DerivativeLiabilities[us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember]" onclick="toggleNextSibling(this);">$ 102</a><span style="display:none;white-space:normal;text-align:left;">us-gaap_DerivativeLiabilities<br>/ us-gaap_GuaranteeObligationsByNatureAxis<br>= mbi_TotalInsuranceMember</span><span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Investments on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[2]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Premiums receivable on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[3]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Insurance loss recoverable on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[4]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Unearned premium revenue on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[5]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Loss and loss adjustment expense reserves on MBIA's consolidated balance sheets.</div></td>
            </tr>
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[6]</td>
              <td style="vertical-align: top;" valign="top"><div xmlns="http://www.w3.org/1999/xhtml">Reported within Derivative liabilities on MBIA's consolidated balance sheets.</div></td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>mbi_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13433-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=35750535&amp;loc=d3e13495-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=34720828&amp;loc=SL20225862-175312<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 815<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=36459792&amp;loc=SL20226008-175313<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Investments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.1(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 1<br><br> -Subparagraph h<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_Investments</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 3<br><br> -Subparagraph (a),(b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6482485&amp;loc=d3e14764-158437<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsReceivableAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amount as of the balance sheet date due the entity from (a) agents and insureds, (b) uncollected premiums and (c) others, net of the allowance for doubtful accounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a),5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 5<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_PremiumsReceivableAtCarryingValue</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnearnedPremiums">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of premiums written on insurance contracts that have not been earned as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 16<br><br> -Article 12<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-03.(a),13(a)(2))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 13<br><br> -Subparagraph a(2)<br><br> -Article 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_UnearnedPremiums</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph b<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5728-111685<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5747-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount of the assets in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the Variable Interest Entity (VIE), where the reporting entity is not the VIE's primary beneficiary.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -Subparagraph a<br><br> -URI http://asc.fasb.org/extlink&amp;oid=28200181&amp;loc=d3e5728-111685<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td></td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td></td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td style="white-space:nowrap;">us-gaap_GuaranteeObligationsByNatureAxis=mbi_TotalInsuranceMember</td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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                    <td>na</td>
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  <body><span style="display: none;">v2.4.1.9</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Earnings Per Share<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2015</div>
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      <tr class="re">
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">Earnings Per Share</a></td>
        <td class="text"><div><p style='text-align:left;margin-top:13.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 11: Earnings Per Share</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Earnings p</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > is calculated using the two-class method in which earnings are allocated to common stock and participating securities based on their rights to receive </font><font style='font-family:Times New Roman;font-size:10pt;' >nonforfeitable</font><font style='font-family:Times New Roman;font-size:10pt;' > dividends or dividend equivalents. The Company grants </font><font style='font-family:Times New Roman;font-size:10pt;' >restricted stock and restricted stock units to certain employees and non-employee directors in accordance with the Company&#8217;s long-term incentive programs, which entitle the participants to receive </font><font style='font-family:Times New Roman;font-size:10pt;' >nonforfeitable</font><font style='font-family:Times New Roman;font-size:10pt;' > dividends or dividend equivalents during the</font><font style='font-family:Times New Roman;font-size:10pt;' > vesting period on the same basis as those dividends are paid to common shareholders. These unvested stock awards represent participating securities. During periods of net income, the calculation of earnings per share exclude the income attributable to par</font><font style='font-family:Times New Roman;font-size:10pt;' >ticipating securities in the numerator and the dilutive impact of these securities from the denominator. During periods of net loss, no effect is given to participating securities in the numerator and the denominator excludes the dilutive impact of these s</font><font style='font-family:Times New Roman;font-size:10pt;' >ecurities since they do not share in the losses of the Company.  </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Basic earnings per share exclude</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > dilution and is computed by dividing net income</font><font style='font-family:Times New Roman;font-size:10pt;' > available to common shareholders</font><font style='font-family:Times New Roman;font-size:10pt;' > by the weighted average number of common shares outstanding during the peri</font><font style='font-family:Times New Roman;font-size:10pt;' >od. Diluted earnings per share reflects the dilutive effect of all stock options, warrants and unvested restricted stock outstanding during the period that could potentially result in the issuance of common stock. The dilution from stock options, warrants </font><font style='font-family:Times New Roman;font-size:10pt;' >and unvested restricted stock</font><font style='font-family:Times New Roman;font-size:10pt;' > are </font><font style='font-family:Times New Roman;font-size:10pt;' >calculated </font><font style='font-family:Times New Roman;font-size:10pt;' >by applying the two-class method and </font><font style='font-family:Times New Roman;font-size:10pt;' >using the treasury stock method. Th</font><font style='font-family:Times New Roman;font-size:10pt;' >e treasury stock method </font><font style='font-family:Times New Roman;font-size:10pt;' >assumes</font><font style='font-family:Times New Roman;font-size:10pt;' > the proceeds from the exercise of stock options and warrants or the unrecognized compensation expense from </font><font style='font-family:Times New Roman;font-size:10pt;' >unvested restricted stock will be used to purchase shares of the Company&#8217;s common stock at the average market price during the period. </font><font style='font-family:Times New Roman;font-size:10pt;' >For the </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, there were </font><font style='font-family:Times New Roman;font-size:10pt;' >17,957,392 </font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >42,358,006 </font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >respectively, of stock options</font><font style='font-family:Times New Roman;font-size:10pt;' >, warrants and unvested restricted stock outstanding </font><font style='font-family:Times New Roman;font-size:10pt;' >that were antidilutive.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >ll</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >w</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >g</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >ab</font><font style='font-family:Times New Roman;font-size:10pt;' >l</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >p</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' >n</font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e computation of basic and diluted earnings per share f</font><font style='font-family:Times New Roman;font-size:10pt;' >o</font><font style='font-family:Times New Roman;font-size:10pt;' >r</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >t</font><font style='font-family:Times New Roman;font-size:10pt;' >h</font><font style='font-family:Times New Roman;font-size:10pt;' >e</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='5' rowspan='1' style='width:194.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:194.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Three Months Ended March 31,</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >$ in millions except share and per share amounts</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:90pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:89.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:89.25pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Basic earnings per share:</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >256</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: undistributed earnings allocated to participating securities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) available to common shareholders</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic weighted average shares</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > (1)</font></sup></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >181,735,876</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189,033,982</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) per basic common share</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.37</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.33</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:315.75pt;text-align:left;border-color:Black;min-width:315.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >Diluted earnings per share:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss)</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >256</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: undistributed earnings allocated to participating securities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) available to common shareholders</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >251</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic weighted average shares</font><sup><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > (1)</font></sup></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >181,735,876</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >189,033,982</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Effect of common stock equivalents:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >  Stock options</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,000,539</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,229,766</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted weighted average shares</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >182,736,415</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >190,263,748</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:11.25pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:12pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income (loss) per diluted common share</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:82.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:82.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.37</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:81.75pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:81.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.32</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:4.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td style='width:307.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:307.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:82.5pt;text-align:left;border-color:Black;min-width:82.5pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:81.75pt;text-align:left;border-color:Black;min-width:81.75pt;' ></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td colspan='7' rowspan='1' style='width:516.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:516.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >(1) - Includes 678,568 and 405,961 of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr><tr style='height:7.5pt;' ><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:8.25pt;text-align:left;border-color:Black;min-width:8.25pt;' ></td><td colspan='7' rowspan='1' style='width:516.75pt;text-align:left;border-color:Black;min-width:516.75pt;' ><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >three months ended March 31, 2015 and 2014, respectively.</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td></tr></table></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for earnings per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1278-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
